Texas All Lines Adjuster Exam 2023 Study guide

Texas All Lines Adjuster Exam 2023
Studyguide


DP - valuation - ANSWER DP-1 - ACV building & contents

DP-2/3 - RCV building & ACV contents

DP - limit for fair rental value - ANSWER 20% of A

DP - coverages (A-E) - ANSWER A - dwelling

B - other structures

C - personal property

D - fair rental value

E - additional living expense

DP - limit for additional living expenses - ANSWER DP-1 - NONE

DP-2/3 - 20% of A

DP - Property removed is covered for ___ days. - ANSWER DP-1 - 5 days

DP-2 - 30 days

DP - limit for trees/plants/shrubs - ANSWER 5% of A

$500 per tree/shrub/plant

DP - fire department service charge - ANSWER $500

DP - extended coverages - ANSWER windstorm, civil commotion, hail, aircraft, vehicles,
volcanic eruption, explosion, riot

DP - broad perils - ANSWER burglary damage, ice/snow weight, glass, accidental discharge
of water/steam, falling objects, freezing, electrical, collapse, tearing apart/bulging/cracking



DP-3 perils covered (dwelling & contents) - ANSWER dwelling - open

contents - broad (DP-2 perils)

,Explain the difference between DP & HO policies. - ANSWER DP does not automatically
cover theft or include liability coverage.

DP - Explain the difference between limited/broad theft endorsement. - ANSWER limited -
on premises only

broad - on & off premises

HO-2 perils (dwelling & contents) - ANSWER dwelling - named/broad

contents - named/broad

HO-3 perils (dwelling & contents) - ANSWER dwelling - open

contents - named/broad

HO-4 perils (dwelling & contents) - ANSWER dwelling - NO COVERAGE

contents - named/broad

HO-5 perils (dwelling & contents) - ANSWER dwelling - open

contents - open

HO-6 perils (dwelling & contents) - ANSWER dwelling - LIMITED named/broad

contents - named/broad

HO-8 perils (dwelling & contents) - ANSWER dwelling - named/basic & extended

contents - named/basic & extended

HO - valuation - ANSWER RCV dwelling

ACV content (unless endorsed)

EXCEPT HO-8 - ACV dwelling & contents

HO - coverages (A-F) - ANSWER A - dwelling

B - other structures - 10% of A

C - personal property - 50% of A

D - loss of use - 30% of A

,E - medical payments

F - liability

HO - limit for personal property in self-storage - ANSWER 10% of C

HO - money limit - ANSWER $200

HO - securities limit - ANSWER $1,500

HO - watercraft limit (including trailers) - ANSWER $1,500

HO - trailers limit (except watercraft trailers) - ANSWER $1,500 - ON PREMISES ONLY

HO - THEFT of jewelry/furs limit - ANSWER $1,500

HO - THEFT of firearms limit - ANSWER $2,500

HO - THEFT of silverware limit - ANSWER $2,500

HO - business personal property on premises limit - ANSWER $2,500

HO - business personal property off premises limit - ANSWER $1,500

HO - electronic vehicle equipment limit - ANSWER $1,500

HO - tapes/discs in vehicle limit - ANSWER $250

HO - standard deductible - ANSWER $500

HO - trees/shrubs/plants limit - ANSWER 5% of A

$500 per tree/shrub/plant

HO - Property removed is covered for ___ days. - ANSWER 30

HO - credit card forgery limit - ANSWER $500

HO - gravemarkers limit - ANSWER $5,000

HO - landlord's furnishings limit - ANSWER $2,500 (EXCLUDES THEFT)

HO - liability minimum limit - ANSWER $100,000

HO - minimum medical payments limit - ANSWER $1,000

HO - Medical payments claim must be filed within ___. - ANSWER 3 years

, HO - lost wages supplemental payment - ANSWER $250/day

HO - limit for damage to property of others - ANSWER $1,000

HO - All tremors within ___ are one earthquake. - ANSWER 72 hours

HO - sewer backup limit - ANSWER $5,000 (with special $250 deductible)

Texas HO - coverages (A-D) - ANSWER A - dwelling/other structures

B - personal property

C - personal liability

D - medical payments

Farm - coverages (A-J) - ANSWER A - private dwellings

B - private other structures

C - household personal property

D - loss of use

E - scheduled farm property

F - unscheduled farm property

G - barns/silos/outbuildings

H - BI/PD liability

I - personal/adveritising injury

J - medical payments



Farm - limit for business personal property on premises - ANSWER $2,500



Farm - limit for business personal property off premises - ANSWER $500



Farm - THEFT of jewelry/furs limit - ANSWER $2,500