New York Adjuster Exam 2025: 300 Actual Practice Questions & Verified Answers

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NEW YORK ADJUSTER EXAM 2025 NEWEST ACTUAL

EXAM AND PRACTICE QUESTIONS 300 QUESTIONS

WITH DETAILED VERIFIED CORRECT ANSWERS (100%

CORRECT) /ALREADY GRADED A+



The insured has moved into a dwelling that was being build and

was covered by the "Dwelling Under Construction" endorsement.

How long does the insured have to report his / her occupancy to

the insurance company? .....ANSWER.....30 days

When a New York Homeowners policy is still in the 60-day

underwriting period, the insurer may cancel it for any reason by

providing a ______ notice. .....ANSWER.....30 day

Personal property that is covered under the Personal Property

Replacement Cost Endorsement is damaged and a claim has

been filed. The replacement cost of the property at the time of

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the loss is $2,500. The full cost to repair the property is $2,000.

The Coverage C limit of the Homeowners policy is $8,000. No

special limits apply to this property and there is no limit applied

to the type of property being claimed. Which of the following is

the amount that will be paid under the endorsement?

.....ANSWER.....2,000. The endorsement will pay the smallest

amount of the replacement cost at the time of the loss, the full

repair cost, the Coverage C limit, any applicable special limits,

or the limit that applies to the type of property being claimed.

The mandatory recoupment of the federal share through

policyholder surcharges under Terrorism Risk Insurance Program

Reauthorization Act of 2015 was increased from 133% to

.....ANSWER.....140%

A Building and Personal Property Coverage form provides

coverage for all of the following types of property, EXCEPT:

.....ANSWER.....Growing crops and lawns.

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The insured sets a fire to his home and is found to be guilty of

arson. There is a lien on the burned property by a mortgage

company in the amount of $150,000. The property is insured for

$300,000 and is a total loss. The personal property of the

insured, covered separately by a Homeowners policy for

$150,000, is also a total loss. How will this claim most likely be

paid? .....ANSWER.....The mortgagee is paid $150,000.

The Terrorism Risk Insurance Act and all of its extensions and

reauthorizations is actually an agreement between:

.....ANSWER.....Between the Federal Government and the

insurance companies.

The first effort to provide insurance for land transportation risks

involved an extension of ocean marine coverage known as the:

.....ANSWER....."Warehouse to warehouse" clause.

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Which of the following is not a duty of an insurer in case of a

loss? .....ANSWER.....Separate the damaged property from the

undamaged property and protect the property from further loss

An insured owns a set of six drawing pens designed and used by

Benjamin Franklin. Each pen is worth $1,000 alone, but the set is

worth $12,000. One pen is destroyed by a covered peril. Under

the pair or set clause the insurance company will pay a maximum

of which of the following amounts? .....ANSWER.....$7,000

Traditionally, the most common type of crop insurance sold prior

to the creation of the Multi-Peril Crop Insurance Program was:

.....ANSWER.....Coverage for hail damage.

An adjuster's report that contains all the facts, evidence and

disposition of the claim and is considered to be the final report is

known as the: .....ANSWER.....Full report.

The New York Superintendent of Insurance may refuse to renew,

suspend or revoke a license as a result of which of the following?