Texas All Lines Adjuster [QUESTIONS AND
CORRECT ANSWERS) VERIFIED ANSWERS
2024/2025
What is the failure to use that degree of care which n ordinary person of reasonable prudence
would use under similar circumstances? - ANSWER>>Negligence
What is a situation involving a person other than an insured? - ANSWER>>Third Party Loss
What is the responsibility to another for one's negligence? - ANSWER>>Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B
limit of liability is $125,000. Her policy has a 2% deductible. What is her deductible? -
ANSWER>>$5,000
The part of the insurance policy that details the rights and duties of the insured and the
insurance company in the policy? - ANSWER>>Conditions
What is a partial legal defense that reduces the amount of damages that a person can recover
based upon the amount that this person's own negligence contributed to the loss? -
ANSWER>>Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? -
ANSWER>>Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run: -
ANSWER>>Uninsured Motorist
What is the cost associated with replacing property at current market prices? -
ANSWER>>Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage: -
ANSWER>>Appraisal
The intentional misrepresentation of a material fact that may void a contract? -
ANSWER>>Fraud
CORRECT ANSWERS) VERIFIED ANSWERS
2024/2025
What is the failure to use that degree of care which n ordinary person of reasonable prudence
would use under similar circumstances? - ANSWER>>Negligence
What is a situation involving a person other than an insured? - ANSWER>>Third Party Loss
What is the responsibility to another for one's negligence? - ANSWER>>Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B
limit of liability is $125,000. Her policy has a 2% deductible. What is her deductible? -
ANSWER>>$5,000
The part of the insurance policy that details the rights and duties of the insured and the
insurance company in the policy? - ANSWER>>Conditions
What is a partial legal defense that reduces the amount of damages that a person can recover
based upon the amount that this person's own negligence contributed to the loss? -
ANSWER>>Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? -
ANSWER>>Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run: -
ANSWER>>Uninsured Motorist
What is the cost associated with replacing property at current market prices? -
ANSWER>>Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage: -
ANSWER>>Appraisal
The intentional misrepresentation of a material fact that may void a contract? -
ANSWER>>Fraud
