New York All Lines Adjuster Exam with 100% Correct Answers (Graded A+)

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New York All Lines Adjuster Exam with 100%
Correct Answers (Graded A+)
DP - 书山有路勤为书山有路勤为径，学海无涯苦作舟书
valuation - (answers)DP-1 - ACV building & contents
山书山有路勤为径，学海无涯苦作舟有路勤为径，
DP-2/3 - RCV building & ACV contents
学海无涯苦作舟径，学海无涯苦作舟




DP - limit for fair rental value - (answers)20% of A



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

B - other structures

C - personal property

D - fair rental value

E - additional living expense



DP - limit for additional living expenses - (answers)DP-1 - NONE

DP-2/3 - 20% of A



DP - Property removed is covered for ___ days. - (answers)DP-1 - 5 days

DP-2 - 30 days



DP - limit for trees/plants/shrubs - (answers)5% of A

$500 per tree/shrub/plant

, 2




DP - fire department service charge - (answers)$500
书山有路勤为书山有路勤为径，学海无涯苦作舟书
山书山有路勤为径，学海无涯苦作舟有路勤为径，
学海无涯苦作舟径，学海无涯苦作舟
DP - extended coverages - (answers)windstorm, civil commotion, smoke, hail,
aircraft, vehicles, volcanic eruption, explosion, riot



DP - broad perils - (answers)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) - (answers)dwelling - open

contents - broad (DP-2 perils)



Explain the difference between DP & HO policies. - (answers)DP does not
automatically cover theft or include liability coverage.



DP - Explain the difference between limited/broad theft endorsement. -
(answers)limited - on premises only

broad - on & off premises



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

contents - named/broad

, 3




HO-3 perils (dwelling & contents) - (answers)dwelling - open
书山有路勤为书山有路勤为径，学海无涯苦作舟书
contents - named/broad
山书山有路勤为径，学海无涯苦作舟有路勤为径，
学海无涯苦作舟径，学海无涯苦作舟


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

contents - named/broad



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

contents - open



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

contents - named/broad



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

contents - named/basic & extended



HO - valuation - (answers)RCV dwelling

ACV content (unless endorsed)

EXCEPT HO-8 - ACV dwelling & contents

, 4

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

B - other structures - 10% of A
书山有路勤为书山有路勤为径，学海无涯苦作舟书
C - personal property - 50% of A
山书山有路勤为径，学海无涯苦作舟有路勤为径，
学海无涯苦作舟径，学海无涯苦作舟
D - loss of use - 30% of A

E - medical payments

F - liability



HO - limit for personal property in self-storage - (answers)10% of C



HO - money limit - (answers)$200



HO - securities limit - (answers)$1,500



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



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



HO - THEFT of jewelry/furs limit - (answers)$1,500



HO - THEFT of firearms limit - (answers)$2,500