Adjuster Pro - Indiana Comprehensive Licensing Exam Questions & Answers

John is doing some lawn maintenance using a steel blade on his weed-whacker. He fails to properly tighten the blade and it comes loose while he is trimming some tall grass at the edge of his property. The blade flies off towards his neighbor's house and crashes into the HVAC unit, severing the lines and effectively destroying the unit. Which coverage in John's homeowners policy might pay for the damage he caused to his neighbor's HVAC system? A. Coverage E - Personal Liability B. Coverage B - Other Structures C. None D. Coverage A - Dwelling - ANSWER - A Which of the following expenses would NOT be covered under a homeowners policy additional coverage called Claims Expenses? A. Interest accrual on judgements B. Administrative costs related to renewing the insured's policy C. Premiums for bonds required in a lawsuit defended by the insurer D. Up to $250 per day for the insured's lost wages while the insured is helping with the claim investigation - ANSWER - B A neighbor stepped on a rusty rake while walking through Jake's backyard, unannounced. He ends up with a bad case of tetanus and has to stay in the hospital for three days. He files a claim against Jake, who protests any wrongdoing because he believes his neighbor was trespassing and should be responsible for his own injury. Jake wants a court of law to settle the dispute. How can the insurer settle the claim put forth by Jake's neighbor? A. The insurer can settle anyway it finds advantageous to its interests. B. The insurer must use arbitration since Jake feels he is not at fault. C. The insurer can only settle in court if Jake demands a lawsuit. D. The insurer must settle however Jake's neighbor wishes. - ANSWER - A Frances is visiting her mom's grave and notices that several headstones in the cemetery have been defaced with spray-paint, including her mother's. Frances hires a professional cleaning service to remove the spray-paint from her mother's headstone. Which type of additional coverage in her homeowners policy could help Frances with the cost of removing the paint? A. None B. Grave Markers coverage C. Reasonable repairs coverage