N.C. Claims Adjuster EXAM 2025/2026 ACTUAL COMPLETE
REAL EXAM QUESTIONS WITH ACCURATE ANSWERS
(VERIFIED ANSWERS) | GET IT RIGHT!! GRADED A+
/ 2025 LATEST EXAM!!
Waiver - ANSWER-A legal doctrine placed in writing that
means the voluntary
abandonment of a right or
advantage.
Personal Liability Coverage - ANSWER-Can be added by
endorsement for owner-occupied property only. The minimum
limit of liability is $100,000 per occurrence and $1,000 per
person medical payments coverage to others. The liability
coverage provided by this endorsement is essentially the same
as provided by the North Carolina Homeowners Program.
Eligibility for the Dwelling Program is restricted to: - ANSWER-
1. All dwellings (except farm dwellings) containing no more
than four apartments or families and dwellings containing five
or fewer roomers or boarders. 2. Certain incidental business
,occupancies are permitted if they are (1) operated by an
insured and (2) they provide a service rather than sales. Ex.
Beauty shop, in-home office.
Persons Insured - ANSWER-The named insured as well as all
members of the
named insured's family living at the
described location.
Deductibles for dwelling policies - ANSWER-Apply on a per
occurrence basis for each incident causing a loss. Deductibles
do not apply to Coverage D and E. The standard deductible is
$250 although changes are allowed.
Coverage extensions (additional coverage): - ANSWER-1.
Coverage for removed property (open peril) at another location
of 5 days on DP-1 and 30 days on the DP-2 and DP-3. 2. Debris
removal is provided, but not as an additional amount of
insurance. Therefore, debris removal coverage will be provided
only if the Coverage A loss does not equal the Coverage A
limit. 3. Personal property of an insured is covered worldwide
up to 10% of the amount payable under Coverage C. 4. The cost
of reasonable temporary repairs to protect the property is
covered, but this is not an additional amount of insurance. 5.
Coverage for trees, shrubs and plants is provided in the DP-2
,and DP-3 only. The limit is $500 per tree, shrub or plant up to
5% of the Coverage A limit. Perils insured against include: fire,
lightning, explosion, riot, aircraft, vehicles not owned or
operated by an insured or VMM. Wind, hail and the weight of
ice, sleet and snow losses are not covered. 6. Collapse of a
building is provided in the DP-2 and DP-3. This is a peril
extension for collapse caused by any broad form peril, decay,
hidden insect damage, weight of contents, use of defective
building materials or the weight of water collecting on the roof.
7. Breakage of glass provided in the DP-2 and DP-3. 8. $500 is
provided for Fire Department Services Charges.
Claims Settlement for partial structural losses - ANSWER-Will
be based upon actual cash value (ACV) in the DP-1. Claims are
settled on the basis of replacement cost (no deduction for
depreciation) in the DP-2 and DP-3 if the dwelling or an "other"
structure is insured within 80% of its value at the time of the
loss. As long as the named insured carries insurance equal to
or greater than the 80%, the insurance company will pay all
partial losses up to the policy limits and in proportion to the
actual interest the named insured has in the property. However,
if the named insured does not maintain the required 80%, then
the insurance company will penalize the named insured by only
paying a proportion of the loss. Personal property/contents
, loss settlement will be based upon ACV in the DP-1, DP-2 and
DP-3.
Personal Property Replacement Cost Coverage - ANSWER-By
endorsement on the DP-2 and DP-3. This endorsement will
provide "new for old" settlement for all items except for fine art,
memorabilia, collector items and those items that cannot be
replaced due to their unique attributes or antiquity.
Other items: - ANSWER-1. Cancellation of a dwelling policies
requires proper written advanced notice during the first 60 days
of coverage. 2. Dwelling policies contain the standard
provisions regarding abandonment, subrogation, assignment,
increase in hazard, fraud, etc. 3. Liberalization of the policy
applies to any broadening of coverage requiring no additional
premium.
Homeowners Insurance - ANSWER-May be issued to the
owner/occupied or residential property containing up to 4 units.
Homeowners is a multi-line policy in that both property and
liability coverage are provided in the same policy. The policy is
divided into 2 coverage sections. Section I provides the
property coverage. Section II provides the liability coverage
and is identical in all HO forms.
REAL EXAM QUESTIONS WITH ACCURATE ANSWERS
(VERIFIED ANSWERS) | GET IT RIGHT!! GRADED A+
/ 2025 LATEST EXAM!!
Waiver - ANSWER-A legal doctrine placed in writing that
means the voluntary
abandonment of a right or
advantage.
Personal Liability Coverage - ANSWER-Can be added by
endorsement for owner-occupied property only. The minimum
limit of liability is $100,000 per occurrence and $1,000 per
person medical payments coverage to others. The liability
coverage provided by this endorsement is essentially the same
as provided by the North Carolina Homeowners Program.
Eligibility for the Dwelling Program is restricted to: - ANSWER-
1. All dwellings (except farm dwellings) containing no more
than four apartments or families and dwellings containing five
or fewer roomers or boarders. 2. Certain incidental business
,occupancies are permitted if they are (1) operated by an
insured and (2) they provide a service rather than sales. Ex.
Beauty shop, in-home office.
Persons Insured - ANSWER-The named insured as well as all
members of the
named insured's family living at the
described location.
Deductibles for dwelling policies - ANSWER-Apply on a per
occurrence basis for each incident causing a loss. Deductibles
do not apply to Coverage D and E. The standard deductible is
$250 although changes are allowed.
Coverage extensions (additional coverage): - ANSWER-1.
Coverage for removed property (open peril) at another location
of 5 days on DP-1 and 30 days on the DP-2 and DP-3. 2. Debris
removal is provided, but not as an additional amount of
insurance. Therefore, debris removal coverage will be provided
only if the Coverage A loss does not equal the Coverage A
limit. 3. Personal property of an insured is covered worldwide
up to 10% of the amount payable under Coverage C. 4. The cost
of reasonable temporary repairs to protect the property is
covered, but this is not an additional amount of insurance. 5.
Coverage for trees, shrubs and plants is provided in the DP-2
,and DP-3 only. The limit is $500 per tree, shrub or plant up to
5% of the Coverage A limit. Perils insured against include: fire,
lightning, explosion, riot, aircraft, vehicles not owned or
operated by an insured or VMM. Wind, hail and the weight of
ice, sleet and snow losses are not covered. 6. Collapse of a
building is provided in the DP-2 and DP-3. This is a peril
extension for collapse caused by any broad form peril, decay,
hidden insect damage, weight of contents, use of defective
building materials or the weight of water collecting on the roof.
7. Breakage of glass provided in the DP-2 and DP-3. 8. $500 is
provided for Fire Department Services Charges.
Claims Settlement for partial structural losses - ANSWER-Will
be based upon actual cash value (ACV) in the DP-1. Claims are
settled on the basis of replacement cost (no deduction for
depreciation) in the DP-2 and DP-3 if the dwelling or an "other"
structure is insured within 80% of its value at the time of the
loss. As long as the named insured carries insurance equal to
or greater than the 80%, the insurance company will pay all
partial losses up to the policy limits and in proportion to the
actual interest the named insured has in the property. However,
if the named insured does not maintain the required 80%, then
the insurance company will penalize the named insured by only
paying a proportion of the loss. Personal property/contents
, loss settlement will be based upon ACV in the DP-1, DP-2 and
DP-3.
Personal Property Replacement Cost Coverage - ANSWER-By
endorsement on the DP-2 and DP-3. This endorsement will
provide "new for old" settlement for all items except for fine art,
memorabilia, collector items and those items that cannot be
replaced due to their unique attributes or antiquity.
Other items: - ANSWER-1. Cancellation of a dwelling policies
requires proper written advanced notice during the first 60 days
of coverage. 2. Dwelling policies contain the standard
provisions regarding abandonment, subrogation, assignment,
increase in hazard, fraud, etc. 3. Liberalization of the policy
applies to any broadening of coverage requiring no additional
premium.
Homeowners Insurance - ANSWER-May be issued to the
owner/occupied or residential property containing up to 4 units.
Homeowners is a multi-line policy in that both property and
liability coverage are provided in the same policy. The policy is
divided into 2 coverage sections. Section I provides the
property coverage. Section II provides the liability coverage
and is identical in all HO forms.
