Adjuster Pro Exam Prep WITH
ACCURATE QUESTIONS AND ANSWERS
(VERIFIED ANSWERS) | LATEST
(2026/2027) UPDATED VERSION |
100% GUARANTEED PASS
{JUST RELEASED}
1. Common law is based upon - ANSWER ✓ court decisions and customs.
2. cause of loss or damage - ANSWER ✓ peril
3. Jim owns a home valued at $187,500, but he only has a $100,000
homeowner's policy and is underinsured. During a storm, lightning strikes
Jim's home causing $45,000 in damages. The insurer decides to invoke a
coinsurance penalty. How much will Jim be required to pay for the penalty? -
ANSWER ✓ The coinsurance requirement of 80% means that Jim should have
maintained a minimum policy of $150,000 in coverage. Instead, Jim
maintained a $100,000 policy, under-insuring himself by a third. When the
insurer invokes the coinsurance penalty, Jim is then responsible for a third of
the damages, which in this case totaled $45,000. So, Jim must pay $15,000.
,4. In the context of insurance adjusting, who is the principal? - ANSWER ✓ The
source of the adjuster's authority
5. What document do insurance companies give to claimants when they think
something in the claim is not covered by the policy, but they are not sure yet? -
ANSWER ✓ Reservation of Rights letter
6. Which of the following is NOT a reason why an adjuster would collect written
or recorded witness statements during a claim investigation?
A. To fully comply with the Conditions section of the insurance policy
B. To dispute an account provided by the claimant or another witness
C. To impeach a witness's credibility if he changes his story when the claim
goes to court
D. To expose data that may have been overlooked in the claim handling
process - ANSWER ✓ A. To fully comply with the Conditions section of
the insurance policy
,7. Nichole's car was damaged while it was being serviced at Don's Auto Shop.
Nichole's auto insurance policy covers physical damage to her vehicle, but it
will not cover the damage that occurred while the vehicle was under the
control of Don's Auto Shop. Which provision in her policy states this?
A. Control of Property
B. No Benefit to Bailee
C. Assignment
D. Severability of Interests - ANSWER ✓ B. No Benefit to Bailee
8. Which of the following would NOT fall under the definition of "Residence
Premises" in Shannon's homeowners policy?
A. The beach house that Shannon and her family rent for a weekend
getaway each month
B. Shannon's detached 4-car garage
C. The two-bedroom house that Shannon owns in town, which she rents
out to four college students
, D. The vacant lot that Shannon owns, located right next to her own house -
ANSWER ✓ C. The two-bedroom house that Shannon owns in town,
which she rents out to four college students
9. With a ____ deductible, the policyholder only pays for damages that are less
than his deductible. If the cost of damages equals or exceeds his deductible,
the insurer pays the full amount and the policyholder pays nothing. -
ANSWER ✓ franchise
10. Which of the following does NOT apply to Tort Law?
A. The state charges the defendant
B. Only a simple majority is required to reward the claimant for damages
C. Tort law applies only to civil trials
D. The defendant is called the tortfeasor - ANSWER ✓ A. The state charges
the defendant
ACCURATE QUESTIONS AND ANSWERS
(VERIFIED ANSWERS) | LATEST
(2026/2027) UPDATED VERSION |
100% GUARANTEED PASS
{JUST RELEASED}
1. Common law is based upon - ANSWER ✓ court decisions and customs.
2. cause of loss or damage - ANSWER ✓ peril
3. Jim owns a home valued at $187,500, but he only has a $100,000
homeowner's policy and is underinsured. During a storm, lightning strikes
Jim's home causing $45,000 in damages. The insurer decides to invoke a
coinsurance penalty. How much will Jim be required to pay for the penalty? -
ANSWER ✓ The coinsurance requirement of 80% means that Jim should have
maintained a minimum policy of $150,000 in coverage. Instead, Jim
maintained a $100,000 policy, under-insuring himself by a third. When the
insurer invokes the coinsurance penalty, Jim is then responsible for a third of
the damages, which in this case totaled $45,000. So, Jim must pay $15,000.
,4. In the context of insurance adjusting, who is the principal? - ANSWER ✓ The
source of the adjuster's authority
5. What document do insurance companies give to claimants when they think
something in the claim is not covered by the policy, but they are not sure yet? -
ANSWER ✓ Reservation of Rights letter
6. Which of the following is NOT a reason why an adjuster would collect written
or recorded witness statements during a claim investigation?
A. To fully comply with the Conditions section of the insurance policy
B. To dispute an account provided by the claimant or another witness
C. To impeach a witness's credibility if he changes his story when the claim
goes to court
D. To expose data that may have been overlooked in the claim handling
process - ANSWER ✓ A. To fully comply with the Conditions section of
the insurance policy
,7. Nichole's car was damaged while it was being serviced at Don's Auto Shop.
Nichole's auto insurance policy covers physical damage to her vehicle, but it
will not cover the damage that occurred while the vehicle was under the
control of Don's Auto Shop. Which provision in her policy states this?
A. Control of Property
B. No Benefit to Bailee
C. Assignment
D. Severability of Interests - ANSWER ✓ B. No Benefit to Bailee
8. Which of the following would NOT fall under the definition of "Residence
Premises" in Shannon's homeowners policy?
A. The beach house that Shannon and her family rent for a weekend
getaway each month
B. Shannon's detached 4-car garage
C. The two-bedroom house that Shannon owns in town, which she rents
out to four college students
, D. The vacant lot that Shannon owns, located right next to her own house -
ANSWER ✓ C. The two-bedroom house that Shannon owns in town,
which she rents out to four college students
9. With a ____ deductible, the policyholder only pays for damages that are less
than his deductible. If the cost of damages equals or exceeds his deductible,
the insurer pays the full amount and the policyholder pays nothing. -
ANSWER ✓ franchise
10. Which of the following does NOT apply to Tort Law?
A. The state charges the defendant
B. Only a simple majority is required to reward the claimant for damages
C. Tort law applies only to civil trials
D. The defendant is called the tortfeasor - ANSWER ✓ A. The state charges
the defendant
