ADJUSTER EXAM STUDY PREP LATEST EXAM QUESTIONS WITH
COMPLETE SOLUTIONS ANSWERED CORRECTLY 100%
GUARANTEED PASSED
When mary leaves her stove on by accident, she starts a fire that destroys her
kitchen and leaves smmoke damage throughout her home. While the fire
department puts the fire out, the influx of water causes extensive damage as well.
On top of all that, Mary is forced to board her three dogs at a kennel for several
weeks while her house is under repair. The kennel charge would be considered:
An indirect loss
A typical mobile home policy:
Settles losses on an actual cash value basis
Which of the following is TRUE for tort law
it deals with civil disputes between parties
Roxanne bought her 50" TV four years ago for $2,400. During a storm, her house
is struck by lightning and the current fries her TV. The TV deprecites $400 per
year, and a similar TV costs $1,800 today. Assuming Roxanne's homeowners
policy pays ACV for personal property, how much can she expect to receive in
indemnification for the damaged TV?
$200
$400*4=$1600.
$1,800-$1,600=$200
Astrid, a public adjuster, agrees to reduce her damage estimate by 5%, in
exchange for $500 in cash per claim from LMN Insurance. This is an example of:
a kickback
Which of the following statements about the coverage for watercraft in the
standard homeowners policy is FALSE?
a. Wind and hail is excluded, unless the craft is enclosed in a building.
, b. Coverace C applies a special limit of $1,500 to watercraft.
c. Off-premises theft of watercraft is excluded.
d. The policy's liability coverage would apply to an owned watercraft with a 50 hp
outboard motor.
d. is FALSE
all other answers are TRUE
Tayshawn goes in to buy an auto insurance policy from Sine Nomine Insurance.
Kelly, the insurance agent, deceitfully tells him that in order to take advantage of
the advertised low premiums, he will have to also purchase his homeowners
insurance from Sine Nomine. Tayshawn is happy with his current policy, but he
cancels it in favor of Sine Nomine. Which unethical sales practice has Kelly
committed?
Twisting
Collision coverage will pay for which of the following accidents?
A speeding car rolls over at a sharp turn
When Sarah causes a wreck at an intersection, her car is left with $3,400 in
damages. She gets a rental while her car is in the repair shop, which costs an
additional $600. If Sarah's personal auto policy has $500 collision deductible, how
will she be indemnified?
$3,500
$3,400+$600-$500=$3,500
James holds a DP-1 policy on his house for $150,000. His wife, Jane, feels that
they should really have closer to $200,000 in total coverage, so she takes out an
additional $50,000 DP-1 policy on the same dwelling. Both policies pay
settlements on a pro rata basis. After a fire causes $32,000 in damage to the
home, how much of the damages will be covered by Jane's DP-1 policy?
$8000 - Jane's policy represents 1/4 the total coverage and therefore pays 1/4 of the
damages.
Jim has been arrested for drunk driving. In order to be allowed out of jail before
his court date, Jim will most likely need:
bail bond
COMPLETE SOLUTIONS ANSWERED CORRECTLY 100%
GUARANTEED PASSED
When mary leaves her stove on by accident, she starts a fire that destroys her
kitchen and leaves smmoke damage throughout her home. While the fire
department puts the fire out, the influx of water causes extensive damage as well.
On top of all that, Mary is forced to board her three dogs at a kennel for several
weeks while her house is under repair. The kennel charge would be considered:
An indirect loss
A typical mobile home policy:
Settles losses on an actual cash value basis
Which of the following is TRUE for tort law
it deals with civil disputes between parties
Roxanne bought her 50" TV four years ago for $2,400. During a storm, her house
is struck by lightning and the current fries her TV. The TV deprecites $400 per
year, and a similar TV costs $1,800 today. Assuming Roxanne's homeowners
policy pays ACV for personal property, how much can she expect to receive in
indemnification for the damaged TV?
$200
$400*4=$1600.
$1,800-$1,600=$200
Astrid, a public adjuster, agrees to reduce her damage estimate by 5%, in
exchange for $500 in cash per claim from LMN Insurance. This is an example of:
a kickback
Which of the following statements about the coverage for watercraft in the
standard homeowners policy is FALSE?
a. Wind and hail is excluded, unless the craft is enclosed in a building.
, b. Coverace C applies a special limit of $1,500 to watercraft.
c. Off-premises theft of watercraft is excluded.
d. The policy's liability coverage would apply to an owned watercraft with a 50 hp
outboard motor.
d. is FALSE
all other answers are TRUE
Tayshawn goes in to buy an auto insurance policy from Sine Nomine Insurance.
Kelly, the insurance agent, deceitfully tells him that in order to take advantage of
the advertised low premiums, he will have to also purchase his homeowners
insurance from Sine Nomine. Tayshawn is happy with his current policy, but he
cancels it in favor of Sine Nomine. Which unethical sales practice has Kelly
committed?
Twisting
Collision coverage will pay for which of the following accidents?
A speeding car rolls over at a sharp turn
When Sarah causes a wreck at an intersection, her car is left with $3,400 in
damages. She gets a rental while her car is in the repair shop, which costs an
additional $600. If Sarah's personal auto policy has $500 collision deductible, how
will she be indemnified?
$3,500
$3,400+$600-$500=$3,500
James holds a DP-1 policy on his house for $150,000. His wife, Jane, feels that
they should really have closer to $200,000 in total coverage, so she takes out an
additional $50,000 DP-1 policy on the same dwelling. Both policies pay
settlements on a pro rata basis. After a fire causes $32,000 in damage to the
home, how much of the damages will be covered by Jane's DP-1 policy?
$8000 - Jane's policy represents 1/4 the total coverage and therefore pays 1/4 of the
damages.
Jim has been arrested for drunk driving. In order to be allowed out of jail before
his court date, Jim will most likely need:
bail bond
