Adjuster Pro

Commercial Property Insurance Ch. 8 Complete Test 2023.The Common Policy Conditions in commercial property insurance include all of the following, except: A Transfer of Rights and Duties B Changes C Inspections and Surveys D Fire Department Service Charge - ANSWER D Which of the following is excluded under the Basic Causes of Loss form? A Sinkhole collapse B Sprinkler leakage C Volcanic action D Utility services - ANSWER D Which of the following perils is not one of the thr...

4- A Commercial Property Pre-Qualifying Test 2023. William owns a paint store and employs Brent. One day, while Brent is decorating the window display, he gets carried away dancing to the music in his headphones, falls off his ladder, and smashes through the glass. What policy condition allows William to collect for the loss on his insurance contract? A. Subrogation B. Other insurance C. Liberalization D. Control of property - ANSWER D. Control of property When an insurer decides to no...

Personal Automobile Insurance 10 Revised Test 2023. Vehicles that are eligible to be insured by a Personal Automobile policy are described in the eligibility rules. Each of the following statements is true about vehicles eligible for PAP coverage, except: - ANSWER Vehicles with fewer than 4 wheels are eligible. Which of the following is NOT considered a covered auto under the Personal Auto policy? - ANSWER A large truck used in any basis for full time purposes. IN the Definitions specifie...

Texas All-Lines Adjusting Study Guide Test 2023.Accumulated Depresciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contract. One party sets the terms and the other party can "take it or...

Arkansas Adjuster Review Course Exam 2023. Herb owns a processing plant outside of town that services all the local farmers. He's been using over-the-road transportation but wants to streamline his business by using the railroads. He contacts ABC Railway Transport and the two come to an agreement: ABC Railway will run a sidetrack onto Herb's business premises, if Herb agrees not to hold ABC Railway responsible for certain liabilities that could result from the sidetrack's use. This agreement...

Insurance adjuster exam questions Test bank Final 2023. During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - ANSWER A Loss Which of the following best describes a "risk," according to the insurance definition? - ANSWER A potential for financial loss A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron...

ADJUSTER CH.4 QUESTION BUILDER CLEARLY SOLVED.Going over the numbers, Henry notices that his annual sales revenue seems to be lower than it should be. He suspects that this may be caused by employee dishonesty, and discreetly launches an investigation into his business. He finds that a theft occurred two years ago. Which type of commercial crime coverage would be best suited to cover Henry's loss? - ANSWER A. Loss Sustained Form B. Past & Present Theft C. Subrogation Form D. Discovery Form!!...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

Adjuster Practice Questions 2023. indemnify the insured - ANSWER the deductible does each of these EXCEPT: upholds the principle of indemnity - ANSWER the Other insurance clause: risk - ANSWER chance of a windstorm causing a loss to ones property is: loss in the stock market - ANSWER each of the following involves pure risk EXCEPT a Bodily injury b drought c. loss in the stock market d. flood coverage b - ANSWER which type of coverage relates to damage to or destruction of detac...

Adjuster Pro Section-1 Practice Questions 2023. 6 Characteristics of Insurance Contracts - ANSWER 1. Personal 2. Adhesion 3. Utmost Good Faith 4. Aleatory 5. Unilateral 6. Conditional Specific Limits - ANSWER Limits that apply to one specific type of property Morale Hazard - ANSWER carelessness or indifference to a loss because of the existence of insurance Moral Hazard - ANSWER Arises when people behave recklessly because they know they will be saved if things go wrong by their i...