All Lines Adjuster Exam with 100% Correct Answers 2023

All Lines Adjuster Exam with 100 about:blank 1/17 All Lines Adjuster Exam with 100% Correct Answers 2023 The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Correct answer-A recipient location recipient location - Correct answer-Businesses who support insured by being the primary buyer for their products HO-3 (special form) - Correct answer-covers the dwelling and other structures on a riskof-direct-physical loss basis. All direct physical losses are covered except those losses specifically excluded. Personal property is covered on a named perils basis HO-5 Comprehensive Form - Correct answer-provides open perils coverage ("all-risks coverage") on the dwelling, other structures and personal property. HO-2 (broad form) - Correct answer-covers the dwelling, other structures, and personal property on a named perils basis HO-4 (contents broad form) - Correct answer-Only covers a tenant's personal property on a named perils basis The dwelling is insured for 200,000 under DP-2 dwelling policy how much coverage applies to the barn? - Correct answer-Nothing farm property are not eligible under the dwelling policy. A Covered Auto includes those vehicle(s) listed on the declareations, plus any trailers or wagons owned by the Named Insured, any newly acquired vehicles, and any vehicle used as a _________. - Correct answer-Temporary Substitute Auto The covered auto is defined in the policy as all of the following EXCEPT: A) any additional auto acquired in the past 30 days. B) any auto shown in the declarations. C) any auto used as a temporary substitute while an insured auto is being repaired. D) any trailer owned by the insured or spouse. - Correct answer-Answer: A An additional auto acquired during the policy period is considered a covered auto. However, some restrictions do apply. For example, if the newly acquired auto is in addition to any vehicle shown on the declarations, it must be insured within 14 days of