PA APPRAISERS LATEST 2026 EXAM QUESTIONS AND
ANSWERS MARKED A+
✔✔first named insured - ✔✔the 1st person or organization listed on the dec page
✔✔additional insured - ✔✔person or org. that is added to the policy at the request of the
first named insured and benefits from policy, but is not allowed to make changed
✔✔Loss Payable Clause - ✔✔lender listed as loss payee if a loss occurs
✔✔policy limits - ✔✔establish the max payout value of an insurance policy
✔✔salvage - ✔✔the portion or value of property that remains after a loss
✔✔abandonment clause - ✔✔insured is prohibited from forcing the insurer to take
possession of damaged property for the purpose of repair or disposal
✔✔subrogation - ✔✔transfer of rights that allows the insurer to recover its losses after it
has indemnified a policyholder
✔✔full release settlement - ✔✔all damaged paid at once
✔✔no release settlement - ✔✔signing and cashing a check substitutes for the release
form
✔✔appraiser - ✔✔writes damage estimates for insurance claims
✔✔adjuster - ✔✔investigates claims and prepares claimant statements
✔✔duties of the insured after a loss - ✔✔-report all accidents
-cooperate with insurer's investigation, settlement, and any court proceedings
-promptly send the insurer copies of all pertinent legal papers
-submit to a physical examination if insurer requests
-submit to examination under oath and verify that your statements are true and accurate
-authorize the insurer to obtain medical reports
-provide proof of loss if insurer requests
✔✔burden of proof - ✔✔this means the must prove the loss to the insurer
✔✔annual depreciation - ✔✔replacement cost / expected life
✔✔accumulated depreciation - ✔✔annual depreciation x years used
, ✔✔conventional full frame - ✔✔made up of separate steel frame with vehicle body's
bolted to it, usually used for trucks and larger autos
✔✔unibody construction - ✔✔sheet metal panels welded together, crumple zones
designed to absorb impact, control points used to fix alignment during repair
✔✔constructive total loss - ✔✔cost to repair damage to vehicle is more than vehicle's
value
✔✔appearance allowance - ✔✔monetary compensation written into the estimate for
cosmetic damage that the owner agrees to live with, rather than repair
✔✔direct repair programs - ✔✔network of repair facilities set up by insurance company
to ensure cost-effective repairs and customer satisfaction
✔✔anit-steering laws - ✔✔laws that protect right of claimants to choose their own repair
shop and have repairs done reasonable close to their home
✔✔VOIL - ✔✔Vin, odometer, instrument panel, and license plate
✔✔Point of impact number system - ✔✔think of clock :)
✔✔vin 1st position - ✔✔where is was produced
✔✔vin 2nd position - ✔✔tell who made manufactured vehicle
✔✔vin 3rd position - ✔✔indicates the type of vehicle
✔✔vin 4th-8th position - ✔✔tell vehicles, model, engine type and body style
✔✔vin 9th position - ✔✔vin check digit
✔✔vin 10th - 17th position - ✔✔tells when the vehicle was made, which plant, model
year, options, and production sequence number
✔✔damages over 75%-85% of ACV - ✔✔total loss
✔✔stolen cars never recovered - ✔✔30 days
✔✔total theft payment - ✔✔ACV - Deductible
✔✔Refinishing - ✔✔the process of stripping and reapplying the various coatings that
make up a vehicle's paint finish
ANSWERS MARKED A+
✔✔first named insured - ✔✔the 1st person or organization listed on the dec page
✔✔additional insured - ✔✔person or org. that is added to the policy at the request of the
first named insured and benefits from policy, but is not allowed to make changed
✔✔Loss Payable Clause - ✔✔lender listed as loss payee if a loss occurs
✔✔policy limits - ✔✔establish the max payout value of an insurance policy
✔✔salvage - ✔✔the portion or value of property that remains after a loss
✔✔abandonment clause - ✔✔insured is prohibited from forcing the insurer to take
possession of damaged property for the purpose of repair or disposal
✔✔subrogation - ✔✔transfer of rights that allows the insurer to recover its losses after it
has indemnified a policyholder
✔✔full release settlement - ✔✔all damaged paid at once
✔✔no release settlement - ✔✔signing and cashing a check substitutes for the release
form
✔✔appraiser - ✔✔writes damage estimates for insurance claims
✔✔adjuster - ✔✔investigates claims and prepares claimant statements
✔✔duties of the insured after a loss - ✔✔-report all accidents
-cooperate with insurer's investigation, settlement, and any court proceedings
-promptly send the insurer copies of all pertinent legal papers
-submit to a physical examination if insurer requests
-submit to examination under oath and verify that your statements are true and accurate
-authorize the insurer to obtain medical reports
-provide proof of loss if insurer requests
✔✔burden of proof - ✔✔this means the must prove the loss to the insurer
✔✔annual depreciation - ✔✔replacement cost / expected life
✔✔accumulated depreciation - ✔✔annual depreciation x years used
, ✔✔conventional full frame - ✔✔made up of separate steel frame with vehicle body's
bolted to it, usually used for trucks and larger autos
✔✔unibody construction - ✔✔sheet metal panels welded together, crumple zones
designed to absorb impact, control points used to fix alignment during repair
✔✔constructive total loss - ✔✔cost to repair damage to vehicle is more than vehicle's
value
✔✔appearance allowance - ✔✔monetary compensation written into the estimate for
cosmetic damage that the owner agrees to live with, rather than repair
✔✔direct repair programs - ✔✔network of repair facilities set up by insurance company
to ensure cost-effective repairs and customer satisfaction
✔✔anit-steering laws - ✔✔laws that protect right of claimants to choose their own repair
shop and have repairs done reasonable close to their home
✔✔VOIL - ✔✔Vin, odometer, instrument panel, and license plate
✔✔Point of impact number system - ✔✔think of clock :)
✔✔vin 1st position - ✔✔where is was produced
✔✔vin 2nd position - ✔✔tell who made manufactured vehicle
✔✔vin 3rd position - ✔✔indicates the type of vehicle
✔✔vin 4th-8th position - ✔✔tell vehicles, model, engine type and body style
✔✔vin 9th position - ✔✔vin check digit
✔✔vin 10th - 17th position - ✔✔tells when the vehicle was made, which plant, model
year, options, and production sequence number
✔✔damages over 75%-85% of ACV - ✔✔total loss
✔✔stolen cars never recovered - ✔✔30 days
✔✔total theft payment - ✔✔ACV - Deductible
✔✔Refinishing - ✔✔the process of stripping and reapplying the various coatings that
make up a vehicle's paint finish
