GA Claims Adjuster Licensing Exam
Questions With Correct Answers
What coverage does Community Eligibility apply to? - CORRECT ANSWER✔✔-
| | | | | | | | |
Flood insurance through FEMA
| | |
What's the difference between Emergency Program and Regular Program in the
| | | | | | | | | | |
National Flood Insurance Program? - CORRECT ANSWER✔✔-Emergency applies to
| | | | | | | |
homes in communities that are a normally not a flood hazard. Regular programs
| | | | | | | | | | | | | |
are awarded to an entire community that is eligible due to flood hazard.
| | | | | | | | | | | |
What is the flood coverage on a regular program in a 1-4 Family Dwelling? -
| | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-$250,000 |
On what policy can you add the Flood Program endorsement? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-None! It has its own policy through the Federal Government. | | | | | | | | |
Difference in Conditions (DIC) Insurance - CORRECT ANSWER✔✔-A separate
| | | | | | | | |
insurance policy that provides open-perils coverage to fill in the gaps left by flood
| | | | | | | | | | | | | |
coverage if a home is worth over $250K. Coverage is produced through
| | | | | | | | | | |
|Excess/Surplus Lines. |
What is the waiting period on NFIP coverage? - CORRECT ANSWER✔✔-30 days
| | | | | | | | | | | |
after policy purchase
| |
,What is the coverage change waiting period for the NFIP? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-5 days |
Give examples of the flood peril - CORRECT ANSWER✔✔-- an overflow of inland
| | | | | | | | | | | | |
or tidal waters
| |
- unusual or rapid accumulation or runoff of surface waters
| | | | | | | | |
-Mudflow or Mudslide | |
- Collapse of land along the shore of a lake as a result of erosion
| | | | | | | | | | | | | |
What kinds of things does flood insurance cover? - CORRECT ANSWER✔✔-Your
| | | | | | | | | | |
house and your things (dwelling and personal property). No indirect charges.
| | | | | | | | | |
Dwelling coverage extension for flood insurance covers what? How much is it? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Structures not attached to dwelling (O.S. or Appurtenant
| | | | | | | | |
structures). 10% of Dwelling limit. ***It is an extension of coverage, NOT the
| | | | | | | | | | | | |
$250K limit so any coverage needed here will reduce the amount able to go to
| | | | | | | | | | | | | | |
the dwelling.
|
Contents coverage of flood insurance is limited to what? - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Personal property damaged or destroyed by the flood itself and belongs to
| | | | | | | | | | | |
insured and resident spouse/relatives. The insured is liable for content of others.
| | | | | | | | | | |
What are the coverages of flood insurance? - CORRECT ANSWER✔✔-Dwelling,
| | | | | | | | | |
Contents, Debris Removal | |
How are damaged items valued in flood coverage? - CORRECT ANSWER✔✔-
| | | | | | | | | |
Dwelling - replacement cost | | |
, Contents - Actual Cash Value | | | |
What kind of property is not covered by flood insurance? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Basements and underground structure (ex. septic tanks), animals, | | | | | | | |
money/accounts/bills, land, anything else covered by other policies (motor | | | | | | | | |
vehicles, aircraft, watercraft)
| |
Loss Valuation on flood insurance - CORRECT ANSWER✔✔-(amount of insurance
| | | | | | | | | |
purchased/80% Dwellings Total replacement cost) x Loss Amount
| | | | | | |
Standard deductible on flood insurance - CORRECT ANSWER✔✔-$1K for Dwelling
| | | | | | | | | |
and $1K for Content
| | |
Personal Inland Marine Insurance - CORRECT ANSWER✔✔-Floaters or policies for
| | | | | | | | | |
world-wide coverage of personal property on an open-peril basis.
| | | | | | | |
Is flood excluded from Personal Inland Marine Insurance? - CORRECT
| | | | | | | | | |
ANSWER✔✔-NOPE. It's covered! | |
What are the floaters available on Personal Inland Marine Insurance? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Personal Articles Floaters, Personal Property Floaters, and Personal| | | | | | | |
Effects Floaters |
What perils are covered under Personal Inland Marine Insurance floaters? -
| | | | | | | | | | |
CORRECT ANSWER✔✔-all; open-peril | |
Questions With Correct Answers
What coverage does Community Eligibility apply to? - CORRECT ANSWER✔✔-
| | | | | | | | |
Flood insurance through FEMA
| | |
What's the difference between Emergency Program and Regular Program in the
| | | | | | | | | | |
National Flood Insurance Program? - CORRECT ANSWER✔✔-Emergency applies to
| | | | | | | |
homes in communities that are a normally not a flood hazard. Regular programs
| | | | | | | | | | | | | |
are awarded to an entire community that is eligible due to flood hazard.
| | | | | | | | | | | |
What is the flood coverage on a regular program in a 1-4 Family Dwelling? -
| | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-$250,000 |
On what policy can you add the Flood Program endorsement? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-None! It has its own policy through the Federal Government. | | | | | | | | |
Difference in Conditions (DIC) Insurance - CORRECT ANSWER✔✔-A separate
| | | | | | | | |
insurance policy that provides open-perils coverage to fill in the gaps left by flood
| | | | | | | | | | | | | |
coverage if a home is worth over $250K. Coverage is produced through
| | | | | | | | | | |
|Excess/Surplus Lines. |
What is the waiting period on NFIP coverage? - CORRECT ANSWER✔✔-30 days
| | | | | | | | | | | |
after policy purchase
| |
,What is the coverage change waiting period for the NFIP? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-5 days |
Give examples of the flood peril - CORRECT ANSWER✔✔-- an overflow of inland
| | | | | | | | | | | | |
or tidal waters
| |
- unusual or rapid accumulation or runoff of surface waters
| | | | | | | | |
-Mudflow or Mudslide | |
- Collapse of land along the shore of a lake as a result of erosion
| | | | | | | | | | | | | |
What kinds of things does flood insurance cover? - CORRECT ANSWER✔✔-Your
| | | | | | | | | | |
house and your things (dwelling and personal property). No indirect charges.
| | | | | | | | | |
Dwelling coverage extension for flood insurance covers what? How much is it? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Structures not attached to dwelling (O.S. or Appurtenant
| | | | | | | | |
structures). 10% of Dwelling limit. ***It is an extension of coverage, NOT the
| | | | | | | | | | | | |
$250K limit so any coverage needed here will reduce the amount able to go to
| | | | | | | | | | | | | | |
the dwelling.
|
Contents coverage of flood insurance is limited to what? - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Personal property damaged or destroyed by the flood itself and belongs to
| | | | | | | | | | | |
insured and resident spouse/relatives. The insured is liable for content of others.
| | | | | | | | | | |
What are the coverages of flood insurance? - CORRECT ANSWER✔✔-Dwelling,
| | | | | | | | | |
Contents, Debris Removal | |
How are damaged items valued in flood coverage? - CORRECT ANSWER✔✔-
| | | | | | | | | |
Dwelling - replacement cost | | |
, Contents - Actual Cash Value | | | |
What kind of property is not covered by flood insurance? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Basements and underground structure (ex. septic tanks), animals, | | | | | | | |
money/accounts/bills, land, anything else covered by other policies (motor | | | | | | | | |
vehicles, aircraft, watercraft)
| |
Loss Valuation on flood insurance - CORRECT ANSWER✔✔-(amount of insurance
| | | | | | | | | |
purchased/80% Dwellings Total replacement cost) x Loss Amount
| | | | | | |
Standard deductible on flood insurance - CORRECT ANSWER✔✔-$1K for Dwelling
| | | | | | | | | |
and $1K for Content
| | |
Personal Inland Marine Insurance - CORRECT ANSWER✔✔-Floaters or policies for
| | | | | | | | | |
world-wide coverage of personal property on an open-peril basis.
| | | | | | | |
Is flood excluded from Personal Inland Marine Insurance? - CORRECT
| | | | | | | | | |
ANSWER✔✔-NOPE. It's covered! | |
What are the floaters available on Personal Inland Marine Insurance? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Personal Articles Floaters, Personal Property Floaters, and Personal| | | | | | | |
Effects Floaters |
What perils are covered under Personal Inland Marine Insurance floaters? -
| | | | | | | | | | |
CORRECT ANSWER✔✔-all; open-peril | |
