California Adjuster PSI Exam Questions and Answers (100% Correct Answers) 2024

California Adjuster PSI Exam Questions and Answers (100% Correct Answers) 2024 Which of the following is not a duty of an insurer in case of a loss? Conduct a thorough investigation Establish claim procedures and methods of documentation Acknowledge receipt of a claim in a timely fashion Separate the damaged property from the undamaged property and protect the property from further loss *correct answer*The correct answer is: Separate the damaged property from the undamaged property and protect the property from further loss. EXPLANATION: The insurance company is not required to separate the damaged property from the undamaged property nor to protect the property from further loss. This is the responsibility of the insured. Which of the following statements is true about "additional coverages" in most insurance policies? They are included at no extra cost. They are automatically included only when the loss is less than a deductible. They are included for a minimum premium. They are optional on the part of the insured. *correct answer*The correct answer is: They are included at no extra cost. EXPLANATION: Examples of "additional coverages" would be debris removal and reasonable repairs which are automatically included in most property forms.