Insurance 0.0 / 5 ? Business StudiesBusiness studies OtherNone Created by: monafrsCreated on: 15-04-23 00:17 635421 Across 1. E.g if the insured person’s car is stolen and the insurance company pays the compensation, and later the car is found, it belongs to the insurance company (11) 6. The person must gain from the item’s existence and suffer from its loss (9, 8) Down 2. You can’t insure an item in two insurance companies (12) 3. amount insured divided by current market value X the loss = the compensation the person can get (underinsured (7, 6, 7) 4. the person seeking insurance must provide all relevant details and be truthful (6, 4, 5) 5. The person can not make any profit off the item they’re insuring (9)
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