Texas All Lines Adjuster License Course with Questions and Answers

Texas All Lines Adjuster License Course with Questions and Answers Commercial Auto Insurance ANSWER Commercial auto insurance contains two coverage's Liability and Physical Damage Others which are basic to business auto exposures and added by endorsement are Personal Injury Protection Medical Payments and Uninsured Motorists Liability Coverage Commercial Auto Insurance ANSWER For whatever have been selected to be " covered autos Commercial Auto Insurance protects those who are " insured's " from legal liability bodily injury or property damage to others caused by auto accidents Further the insurer agrees to defend insured's against all liability claims for which coverage afforded . Builder's Risk Insurance ANSWER Buildings are subject to many different risks while under construction . They may catch fire , be damaged by high winds , or fall victim to other force majeure . Builder's risk insurance is a type of property insurance that indemnifies against losses due to fire , vandalism , lightning , wind , and similar forces . It usually does not cover earthquake , flood , acts of war , or intentional acts of the owner Builder's Risk insurance typically needed during construction period only . All types of buildings under construction are eligible for Builder's Risk coverage including dwellings and farm property , which are not eligible for other commercial property insurance forms . In addition to buildings under construction , Builder's Risk coverage applies to cover the value of renovations to buildings . Personal Injury Protection ( Commercial Auto Insurance ) ANSWER Provides medical , disability and death benefits for persons injured in or by the insured's vehicles , without regard to fault . Individual named insured's and their family members are also covered for injuries in or by the vehicles of others . Medical Payments Coverage ( Commercial Auto Insurance ) ANSWER This is a voluntary coverage applies in a similar manner to PIP , supplementing those medical benefits , and covering for certain residual injury situations included under PIP .