Insurance Adjuster Exam questions with correct answers

Which kind of losses are covered under a standard fire policy? CORRECT ANSWER Direct All fires are not covered by the Standard Fire policies, only those that: CORRECT ANSWER are hostile and have a flame or glow At what time does a fire policy go into affect? CORRECT ANSWER 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insured may collect under each policy? CORRECT ANSWER $5,000 A fire burning in the middle of the living room would be considered: CORRECT ANSWER a hostile fire An insured's house is damaged by fire caused by a neighbor's negligence. The insurance company will attempt to recover damage from the neighbor. This is called: CORRECT ANSWER subrogation