Claims Adjuster Final (Multiple Choice Questions and Answers) Updated 2026

Claims Adjuster Final
(Multiple Choice
Questions and Answers)
Updated 2026
AnBadjusterBisBaBfiduciaryBagentBwithBaBresponsibilityBofBloyaltyBtoBtheBinterestBofB-
BAnswerTheBinsuredBandBinsurer



AnBinsurerBgivesBwhichBofBtheBfollowingBasBConsiderationBforBanBinsuranceBpolicy?B-
BAnswerABPromise



TheBinterestBofBtheBinsuredBandBallBotherBpersonsBinBtheBpropertyBinvolvedBinBaBclai
mBis

foundBinB-BAnswerABProofBofBLoss



AnBinsuredBrear-endsBanotherBdriver'sBvehicle.BTheBautoBpolicyBthatBpaysBdamagesBto

repairBtheBdamagedBvehicleBisBaB_______?B-BAnswerLiabilityBPolicy



YourBinsuranceBcompanyBwroteBanBautoBinsuranceBbinderBforBanBownerBwhoBsaidBthat
Bhe

didBnotBhaveBanyBpriorBaccidents.BImmediatelyBthereafterBitBwasBdiscoveredBthatBheBd
idBnot

tellBtheBtruth.BTheBcompanyBnowBwantsBtoBcancelBtheBbinderBasBquicklyBasBpossible.B
What

isBtrue?B-BAnswer5BdaysBnoticeBrequired



ForBinsuranceBtoBpayBdamages,BanBinsurableBinterestBmustBexist:B-
BAnswerWhenBtheBlossBtakesBplace

,TextingBwhileBdrivingBisBbestBdescribedBasBa:B-BAnswerHazard



ABcoveredBlossBisB$90,000.BPolicyBABhasBaBlimitBofB$100,000.BPolicyBBBhasBaBlimitBof

$200,000.BBothBpoliciesBareBpro-
rataBpolicies.BHowBmuchBwillBpolicyBBBpayBforBthisBloss?B-BAnswer$60,000



IBsoldBmyBhomeByesterday,BsignedBaBdeedBandBtransferredBtitle.BLastBnightBthereBwas
Ba

houseBfire.BIBhadBnotByetBcancelledBmyBhomeowner'sBinsurance.BTheBpurchaserBalsoBh
adBa

homeowner'sBpolicy.BWhichBpolicyBshouldBpayBtoBpayBtheBclaim?B-
BAnswerPurchaser'sBpolicy



GivingBpromptBnoticeBofBlossBisBbestBdescribedBasBaBpolicy:B-BAnswerCondition



IfBthereBisBaBtotalBlossBbyBanBinsuredBperilBtoBaBFLBbuilding,BtheBinsurerBmustBpay:B-
BAnswerActualBCashBValue



ABLossBPayableBClauseBrefersBtoB-BAnswerLendersBinterestBinBpersonalBproperty



MyBcoinBcollectionBwasBappraisedBandBmyBinsuranceBcompanyBspecificallyBinsuredBthe

valuedBofBthatBcollection.BThatBisBanBexampleBof:B-BAnswerABValuedBPolicy



AnBinsuranceBcontractBisBbasedBonBtheBPrincipleBof:B-BAnswerUtmostBGoodBFaith



TheBtwoBkindsBofBwaiversBare:B-BAnswerexpressBandBimplied



ProximateBCauseBisBtheBunbrokenBconnectionBbetweenBtheBoccurrenceBandB____Bthat

, growsBoutBofBtheBoccurrence.B-BAnswerDamages



WhichBlossBsettlementBvaluationBmayBbeBaBviolationBofBtheBPrincipleBofBIndemnity?B-
BAnswerReplacementBCost



IfBtheBpolicyBlimitBisB$60,000;B80%BcoinsuranceBrequirement;BlossBofB$60,000BandBthe

valueBofBtheBpropertyBisB$100,000,BwhatBlossBamountBwillBtheBinsurerBpay?B-
BAnswer$45,000



TheBinsuredBhasBaBHomeowner'sBinsuranceBpolicyBwithBaB5%BHurricaneBdeductible.BIf

aBhurricaneBlossBofB$6,000BoccursBtoBtheBhomeBthatBisBvaluedBandBinsuredBforB$100,
000,

howBmuchBwillBtheBpolicyBpay?B-BAnswer$1,000



ABwaiverBisBdefinedBasB-BAnswerGivingBupBaBknownBrightBvoluntarily



AnBinsuredBsignsBaBreleaseBtoBsettleBaBclaim.BInBtheBeventBtheBinsuredBdiscoversBinjur
ies

orBdamagesBthatBwereBunknownBatBtheBtimeBofBsettlement,BwhatBisBgenerallyBtrue?B-
BAnswerReleaseBextinguishedBallBcausesBofBaction



WhichBofBtheBfollowingBisBnotBaBtort:B-BAnswerBreachBofBcontract



TheBtypeBofBdamagesBthatBpaysBmedicalBbillsBisBknownBas:B-BAnswerSpecial



ABmarineBpolicyBhasBaB$1BmillionBlimitBandBaB$100,000BfranchiseBdeductible.BABcover
ed

lossBisB$110,000.BHowBmuchBwillBtheBpolicyBpay?B-BAnswer$110,000