Oklahoma Insurance Adjuster's Exam Questions and Answers 100% Correct(RATED A+)

Earth movement endorsement - ANSWER-· Separate premium dependent on the type of dwelling and how susceptible it is to earth quakes Deductible is a percentage of loss Home Day Care Coverage Endorsement - ANSWER--homeowners policy endorsement used to provide coverage for home __________ businesses -Includes liability coverage -does not include coverage for sexual assault Personal property replacement cost - ANSWER-Homeowners policy endorsement that adds replacement cost coverage for personal property Scheduled personal property - ANSWER-endorsement - provides broader coverage for personal jewelry, furs, cameras, musical instruments, silverware, fine arts, golf equipment, and stamp/coin collections. must be insured on full value basis. · Typically provides open peril coverage Mobile Home Endorsement - ANSWER-alters the homeowners policy to cover a mobilehome and other structures on land owned or leased by the resident of the mobile home. · Alters a homeowner's policy · Coverage B is 2,000 or 10% of the Coverage A limit whichever is larger · 500 for removing the mobile home when needing to do repairs · 500 to move the home somewhere safe Personal Umbrella Policy - ANSWER-A policy covering (BI &PD) and Personal Injury Liability