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PA APPRAISAL LICENSE 16-20 AUTO PHYSICAL DAMAGE EXAM
LATEST 2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The insured sets a fire to his home and is found to be guilty of
arson. There is a lien on the burned property by a mortgage
company in the amount of $150,000. The property is insured for
$300,000 and is a total loss. The personal property of the insured,
covered separately by a Homeowners policy for $150,000, is also
a total loss. How will this claim most likely be paid?
Select the Correct Answer
The insured is paid a total of $300,000.
The mortgagee is paid $150,000.
The insured is paid $150,000 for the personal property loss.
Since the loss is from an intentional act of the insured the entire
loss is denied. - ANSWER-The correct answer is: The mortgagee
is paid $150,000..
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Explanation:
The provisions relative to the suspension of payment due to
arson do not apply to a lender that holds a valid recorded
mortgage on the property in question. Therefore, the lien
holder is fully reimbursed for its insurable interest in the
property. The insured is not paid due to the charge and
conviction of arson.
Roger accidentally hits a tree in his owned vehicle and it is a total
loss. His car was three years old and in pristine condition with an
actual cash value of $12,250. To replace the car with a new one
of the same make and model, it would cost $19,400. To purchase
a used car of the same make and model that is also 3 years old
with similar mileage, it would cost $11,200. Disregarding any
deductible, how would Roger's claim be settled under Part D of
his standard Personal Auto policy?
Select the Correct Answer
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Roger would receive a check for $19,400 so he can purchased a
new version of the covered auto.
Roger will receive a check for the actual cash value of the vehicle
at the time of the loss, which was $12,250.
Roger will not receive any payment because the policy does not
pay claims for accidents caused by the insured.
Roger will receive a check for $11,200 to purchase a used car of
like kind and quality t - ANSWER-Roger will receive a check for
$11,200 to purchase a used car of like kind and quality to the
vehicle that was wrecked. is correct.
Explanation:
In this case, Roger will receive a check for $11,200 to
purchase a used car of like kind and quality to the vehicle
that was wrecked. The Part D limit of liability under the policy
is the LESSER of the ACV or the amount necessary to repair
or replace the property with like kind and quality.
What component forms the rear sides of the automobile?
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Answer Choices:
Select the Correct Answer
Pillars
Fenders
Quarter panels
Rear quarter wheelhouses - ANSWER-Quarter panels is correct.
Explanation:
The fenders form the left and right front sides of the car. The
rear quarter wheelhouses form the housing for the rear
wheels. The pillars perform various functions, such as
serving as the mounting posts for the door hinges.
In the four-stroke power cycle, the down motion is called:
PA APPRAISAL LICENSE 16-20 AUTO PHYSICAL DAMAGE EXAM
LATEST 2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The insured sets a fire to his home and is found to be guilty of
arson. There is a lien on the burned property by a mortgage
company in the amount of $150,000. The property is insured for
$300,000 and is a total loss. The personal property of the insured,
covered separately by a Homeowners policy for $150,000, is also
a total loss. How will this claim most likely be paid?
Select the Correct Answer
The insured is paid a total of $300,000.
The mortgagee is paid $150,000.
The insured is paid $150,000 for the personal property loss.
Since the loss is from an intentional act of the insured the entire
loss is denied. - ANSWER-The correct answer is: The mortgagee
is paid $150,000..
,2|Page
Explanation:
The provisions relative to the suspension of payment due to
arson do not apply to a lender that holds a valid recorded
mortgage on the property in question. Therefore, the lien
holder is fully reimbursed for its insurable interest in the
property. The insured is not paid due to the charge and
conviction of arson.
Roger accidentally hits a tree in his owned vehicle and it is a total
loss. His car was three years old and in pristine condition with an
actual cash value of $12,250. To replace the car with a new one
of the same make and model, it would cost $19,400. To purchase
a used car of the same make and model that is also 3 years old
with similar mileage, it would cost $11,200. Disregarding any
deductible, how would Roger's claim be settled under Part D of
his standard Personal Auto policy?
Select the Correct Answer
,3|Page
Roger would receive a check for $19,400 so he can purchased a
new version of the covered auto.
Roger will receive a check for the actual cash value of the vehicle
at the time of the loss, which was $12,250.
Roger will not receive any payment because the policy does not
pay claims for accidents caused by the insured.
Roger will receive a check for $11,200 to purchase a used car of
like kind and quality t - ANSWER-Roger will receive a check for
$11,200 to purchase a used car of like kind and quality to the
vehicle that was wrecked. is correct.
Explanation:
In this case, Roger will receive a check for $11,200 to
purchase a used car of like kind and quality to the vehicle
that was wrecked. The Part D limit of liability under the policy
is the LESSER of the ACV or the amount necessary to repair
or replace the property with like kind and quality.
What component forms the rear sides of the automobile?
, 4|Page
Answer Choices:
Select the Correct Answer
Pillars
Fenders
Quarter panels
Rear quarter wheelhouses - ANSWER-Quarter panels is correct.
Explanation:
The fenders form the left and right front sides of the car. The
rear quarter wheelhouses form the housing for the rear
wheels. The pillars perform various functions, such as
serving as the mounting posts for the door hinges.
In the four-stroke power cycle, the down motion is called:
