Across 4 Only one party makes a promise. 5 A promise made by the insured that is part of the contract. 7 A type of risk that cannot be insured against. 12 Filing a false claim on an insurance policy is reflected in this type of hazard. 13 The amount of money the insured has to pay before the insurance company pays anything. 15 A change to an insurance policy is called a 17 Those who need insurance the most tend to buy it. 20 Intentionally silent with regard to material facts 21 Contract where the dollars amounts exchanged are uneven. 24 Set amount you have to pay with each visit to the doctor or each prescription filled. 25 These people can void an insurance contract at any time. Down 1 This is the type of hazard when you become indifferent about a loss because you have insurance. 2 Individual perception of risk. 3 The relinquishment of a legal right. 6 With an insurance contract you a risk to the insurance company. 8 Percentages paid for a claim after the deductible has been met. 9 Gives the insurance company the right to get the money they have paid you back from the person who was negligent. 10 When insurance companies transfer their risk to another insurance company 11 A tornado is an example of a 14 This type of risk can impact a large group of people at one time. (like a flood) 16 A take it or leave it contract 18 When you accept the potential loss for a risk that is low in frequency or severity you are using risk 19 This is the authority given to an agent in a written document 22 The depreciated value of the property 23 Leaving your keys in the car is considered to be a 1 3 10 11 12 14 15 17 118 | 19 20 22 23 2 25