Claims Adjuster Exam Questions and
Answers Graded A+
Multi Peril-Package - Correct answer-Any policy which provides property &
liability coverage (not homeowner)
ISO policy - Correct answer-Sold in Texas, but not Texas form
Only Texas DP 1 - Correct answer-Mainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - Correct answer-Granddaddy of all Texas property
policies
Business auto coverage e.g. - Correct answer-Owner of a taxi to cover collision
damage
Inland Marine (build milk policy) would cover e.g. - Correct answer-3k gallons of
milk in tanker truck
Texas Standard, Standard Fire & Business Owner - Correct answer-Would all
cover damage to something like a gift card shop fire
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Tx Personal Auto Policy e.g. - Correct answer-Owner of family far, for potential
injury to other people
Trucker's policy - Correct answer-Trucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - Correct answer-Replacement cost less depreciation
Garage Liability e.g. - Correct answer-For valet parking service to have
appropriate liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - Correct answer-Types of
casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - Correct answer-Would have to be written for an
insured to cover potential collision damage to insured's ship
Covered (if it's not written) - Correct answer-It's safe to assume that if something is
not excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - Correct answer-15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - Correct answer-Texas started TAIPA
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Answers Graded A+
Multi Peril-Package - Correct answer-Any policy which provides property &
liability coverage (not homeowner)
ISO policy - Correct answer-Sold in Texas, but not Texas form
Only Texas DP 1 - Correct answer-Mainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - Correct answer-Granddaddy of all Texas property
policies
Business auto coverage e.g. - Correct answer-Owner of a taxi to cover collision
damage
Inland Marine (build milk policy) would cover e.g. - Correct answer-3k gallons of
milk in tanker truck
Texas Standard, Standard Fire & Business Owner - Correct answer-Would all
cover damage to something like a gift card shop fire
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Tx Personal Auto Policy e.g. - Correct answer-Owner of family far, for potential
injury to other people
Trucker's policy - Correct answer-Trucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - Correct answer-Replacement cost less depreciation
Garage Liability e.g. - Correct answer-For valet parking service to have
appropriate liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - Correct answer-Types of
casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - Correct answer-Would have to be written for an
insured to cover potential collision damage to insured's ship
Covered (if it's not written) - Correct answer-It's safe to assume that if something is
not excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - Correct answer-15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - Correct answer-Texas started TAIPA
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
