Insurance Theme

Insurance Theme 7 - General


By: Dr. Nabil Chaiban


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Across

  1. An adjuster is one who settles insurance claims.
  2. Bond used to insure banks and other financial institutions against employee dishonesty, burglary, robbery, forgery, and similar crime exposures.
  3. An inland marine property insurance policy that covers personal property wherever it may be within the policy territory.
  4. An ocean marine insurance provision adding coverage for damage directly resulting from the bursting of boilers, breakage of shafts, other mechanical failures, latent defects in the ship's equipment or machinery, and faults or errors in the navigation or management of the ship.
  5. Any loss or damage to a vessel or cargo that is due to an Insured peril and is less than a total loss.
  6. A blanket fidelity bond is coverage for employee theft of money, securities, or property, written with a per loss limit rather than a per employee or per position limit.
  7. Insurance guaranteeing the value of property pledged as collateral for a loan.

Down

  1. Property insurance covering breakage of building glass (such as windows) regardless of cause.
  2. Physical damage to property, as distinguished from time element loss, such as business interruption or extra expense, that results from the inability to use the damaged property.
  3. Loss arising as a result of direct damage to property—for example, loss of rent.
  4. The intentional throwing overboard of part of the cargo or some piece of the ship in order to save the ship or its cargo.
  5. An interest by the insured person in the value of the subject of insurance, including any legal or financial relationship, that makes it appropriate for the insured to purchase or be protected by that insurance.
  6. Inland marine coverage on property (usually equipment) being installed by a contractor.
  7. The broadest form of insurance coverage available, providing protection against all perils of physical loss or damage from an external cause. Loss must be fortuitous, i.e. accidental, to be covered.
  8. Inland or ocean marine insurance covering property in transit.
  9. Property insurance covering equipment that is often moved from place to place.
  10. Physical damage coverage for the boom of a crane, generally added as an endorsement to the contractors equipment floater.
  11. The contract of carriage between a shipper and an air carrier; serves a similar purpose as the Bill of Lading on a vessel, but it is not a negotiable document like an ocean Bill of Lading.
  12. A type of business interruption insurance that uses a monthly limit on loss recovery in place of a coinsurance clause.
  13. An exclusion found in most property insurance policies eliminating coverage for loss caused by a quality in property that causes it to damage or destroy itself.