ADJUSTER PRO UPDATED PRACTICE EXAM QUESTIONS
AND SOLUTIONS RATED A+
✔✔Jeremy is purchasing a homeowners policy for his house in the country he is a beer
enthusiast and is especially concerned with protecting his home brewing equipment
from the black bear is commonly seen in the area which of the following is the least
expensive option that means Jeremy special need - ✔✔Homeowners 5
✔✔What homeowners policy coverage does not usually have a deductible - ✔✔Fire
department service charge
✔✔What ISO form is known as the condominium form - ✔✔Homeowners 6
✔✔A typical mobile home policy - ✔✔settles losses on an actual cash value basis.
✔✔Michelle just purchased a homeowners policy for her new single-family home
although she would have like the best coverage money can buy she could not afford the
most expensive policy she compromise with a policy that provides open-peril coverage
for her house and detached garage and named-peril coverage for her personal property
which homeowners policy did she purchuse? - ✔✔HO-3
✔✔The limit of liability for Coverage B Other Structures is typically - ✔✔10% of
coverage A
✔✔North Carolina manufactured homeowners insurance policies include loss of use
coverage to pay for the ensures increased expenses when the home becomes
uninhabitable because of a covered loss how much can the MH (C) form pay for under
this coverage - ✔✔Up to 10 dollars per day for reasonable additional living expenses
limited to 60 days
✔✔A third-party is injured on your property which part of a homeowners insurance
policy provides coverage for their medical expenses - ✔✔Coverage F
✔✔Jake and his neighbor Bill are working to repair Jake's roof Jake set up two ladder
side-by-side for each of them to use while working on the gutters while at the top of the
ladder Jake falls into bills ladder sitting them both tumbling to the ground whose injuries
will be covered by Jake's homeowners policy under coverage E personal liability -
✔✔Bills injuries
✔✔James rents a home to Amanda and maintains a DP - 3 policy on the dwelling. One
day Amanda accidentally leaves the oven on all day while she is out and James house
burns to the ground along with all the continents , which items could be covered under
coverage the personal property in James DP-3 - ✔✔James appliances
, ✔✔While reviewing his DP-3 policy Jim notices that some additional coverages are
included in his coverage A limit while others are paid in addition to that limit. which two
additional coverages are included with Jim's coverage A limit - ✔✔Debris removal and
reasonable repairs
✔✔In a PAP then insurers right to recover payment basically reinforces the principle of -
✔✔subrogation
✔✔What coverage pays only after all liability coverages or bonds that can apply have
been exhausted - ✔✔Underinsured motor vehicle coverage
✔✔Adam spills coffee in his lap while driving causing him to veer off the road and
smashed into a lamp post which part of his personal auto policy will help him pay for the
repairs to the lamp post - ✔✔Liability coverage
✔✔Rebecca has collision coverage in her personal auto policy after collision adjuster
determines that Rebecca's car is totaled how much is Rebecca likely to receive from her
insure ignoring the deductible - ✔✔The actual cash value of her vehicle
✔✔Kelsey's home was damaged when lightning struck the outdoor TV Internet in her
backyard and a fire spread it to her home the total damages came out to $3500 for the
antenna $25,000 for the structure of the home and 13,000 in damages to her personal
property inside of the home Casey lives on a farm in her home is covered under a
standard ISO form policy. How much in the notification would Casey receive under
coverage B of her foreigKelsey's home was damaged when lightning struck the outdoor
TV Internet in her backyard and a fire spread it to her home the total damages came up
to $3500 for the antenna $25,000 for the structure of the home and 13,000 in damages
to her personal property inside of the home Casey lives on a farm and her home is
covered under a standard ISO farm policy. How much and notification would Casey
receive under coverage B of her farm policy - ✔✔$1000
✔✔New U's an upscale beauty shop wants to purchase a business owners policy.
Which of the following is a typical requirement that they must meet in order to qualify for
a BOP - ✔✔Their sales cannot exceed $3 million
✔✔Jim's factory was damaged by a fire and shut down for 90 days for repairs. In order
to keep his business going Jim spends $150,000 renting another building along with
some machinery and other supplies. How do you not take any measures to continue
business operations Jim's total loss of business income would have been $300,000 but
by renting a building and equipment he manages to reduce that cost by $80,000 James
commercial property policy includes business income coverage without extra expense.
How much will his insurer indemnify him? - ✔✔300,000
AND SOLUTIONS RATED A+
✔✔Jeremy is purchasing a homeowners policy for his house in the country he is a beer
enthusiast and is especially concerned with protecting his home brewing equipment
from the black bear is commonly seen in the area which of the following is the least
expensive option that means Jeremy special need - ✔✔Homeowners 5
✔✔What homeowners policy coverage does not usually have a deductible - ✔✔Fire
department service charge
✔✔What ISO form is known as the condominium form - ✔✔Homeowners 6
✔✔A typical mobile home policy - ✔✔settles losses on an actual cash value basis.
✔✔Michelle just purchased a homeowners policy for her new single-family home
although she would have like the best coverage money can buy she could not afford the
most expensive policy she compromise with a policy that provides open-peril coverage
for her house and detached garage and named-peril coverage for her personal property
which homeowners policy did she purchuse? - ✔✔HO-3
✔✔The limit of liability for Coverage B Other Structures is typically - ✔✔10% of
coverage A
✔✔North Carolina manufactured homeowners insurance policies include loss of use
coverage to pay for the ensures increased expenses when the home becomes
uninhabitable because of a covered loss how much can the MH (C) form pay for under
this coverage - ✔✔Up to 10 dollars per day for reasonable additional living expenses
limited to 60 days
✔✔A third-party is injured on your property which part of a homeowners insurance
policy provides coverage for their medical expenses - ✔✔Coverage F
✔✔Jake and his neighbor Bill are working to repair Jake's roof Jake set up two ladder
side-by-side for each of them to use while working on the gutters while at the top of the
ladder Jake falls into bills ladder sitting them both tumbling to the ground whose injuries
will be covered by Jake's homeowners policy under coverage E personal liability -
✔✔Bills injuries
✔✔James rents a home to Amanda and maintains a DP - 3 policy on the dwelling. One
day Amanda accidentally leaves the oven on all day while she is out and James house
burns to the ground along with all the continents , which items could be covered under
coverage the personal property in James DP-3 - ✔✔James appliances
, ✔✔While reviewing his DP-3 policy Jim notices that some additional coverages are
included in his coverage A limit while others are paid in addition to that limit. which two
additional coverages are included with Jim's coverage A limit - ✔✔Debris removal and
reasonable repairs
✔✔In a PAP then insurers right to recover payment basically reinforces the principle of -
✔✔subrogation
✔✔What coverage pays only after all liability coverages or bonds that can apply have
been exhausted - ✔✔Underinsured motor vehicle coverage
✔✔Adam spills coffee in his lap while driving causing him to veer off the road and
smashed into a lamp post which part of his personal auto policy will help him pay for the
repairs to the lamp post - ✔✔Liability coverage
✔✔Rebecca has collision coverage in her personal auto policy after collision adjuster
determines that Rebecca's car is totaled how much is Rebecca likely to receive from her
insure ignoring the deductible - ✔✔The actual cash value of her vehicle
✔✔Kelsey's home was damaged when lightning struck the outdoor TV Internet in her
backyard and a fire spread it to her home the total damages came out to $3500 for the
antenna $25,000 for the structure of the home and 13,000 in damages to her personal
property inside of the home Casey lives on a farm in her home is covered under a
standard ISO form policy. How much in the notification would Casey receive under
coverage B of her foreigKelsey's home was damaged when lightning struck the outdoor
TV Internet in her backyard and a fire spread it to her home the total damages came up
to $3500 for the antenna $25,000 for the structure of the home and 13,000 in damages
to her personal property inside of the home Casey lives on a farm and her home is
covered under a standard ISO farm policy. How much and notification would Casey
receive under coverage B of her farm policy - ✔✔$1000
✔✔New U's an upscale beauty shop wants to purchase a business owners policy.
Which of the following is a typical requirement that they must meet in order to qualify for
a BOP - ✔✔Their sales cannot exceed $3 million
✔✔Jim's factory was damaged by a fire and shut down for 90 days for repairs. In order
to keep his business going Jim spends $150,000 renting another building along with
some machinery and other supplies. How do you not take any measures to continue
business operations Jim's total loss of business income would have been $300,000 but
by renting a building and equipment he manages to reduce that cost by $80,000 James
commercial property policy includes business income coverage without extra expense.
How much will his insurer indemnify him? - ✔✔300,000
