, A new, unused vehicle is not required to be inspected prior to obtaining physical
damage insurance coverage if the insurer is provided with: - CORRECT ANSWERS-the
insured can prove to the insurer with a bill of sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim is covered, the insurer must cover that claim.
The insurer would be prohibited from or estopped from denying it, even if the policy
clearly excluded the claim. This is known as: - CORRECT ANSWERS-Estoppel
Sprinkler Leakage Insurance does not provide coverage for: - CORRECT ANSWERS-
Growing Crops (Crop insurance is separate)
Personal Property under HO-3 is covered on a - CORRECT ANSWERS-Named Peril
basis
Personal Property under HO-5 is covered on - CORRECT ANSWERS-an open peril
basis
Debris removal is included in the dwelling and contents coverage, but is limited to -
CORRECT ANSWERS-reasonable expenses
If a commercial building has been vacant for more than 60 days, the following peril(s)
are affected as regards to coverage: - CORRECT ANSWERS-Vandalism
Freezing
Fire
A personal insurance policy that includes both personal property and personal liability
coverages without endorsement: - CORRECT ANSWERS-Homeowners Policy
Under a Commercial Package Policy, how many days does one have to notify the
insurance company of a claim? - CORRECT ANSWERS-The insurer must notify
promptly. The number of days are not specific.
What are the continuing education requirements for public adjusters? - CORRECT
ANSWERS-24 hours of continuing education (5 hours law and ethics/ 19 hours online
approved course by the DFS for public adjusters)
A policy which the policyholder is required to report the values of insured property to the
company at certain intervals is known as a: - CORRECT ANSWERS-Reporting Form
Policy
Reporting form policy requires the insured to insure the property at what %? -
CORRECT ANSWERS-100%
Reporting form policy requires the insured to report what % of the value of the insured
property? - CORRECT ANSWERS-100%
damage insurance coverage if the insurer is provided with: - CORRECT ANSWERS-the
insured can prove to the insurer with a bill of sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim is covered, the insurer must cover that claim.
The insurer would be prohibited from or estopped from denying it, even if the policy
clearly excluded the claim. This is known as: - CORRECT ANSWERS-Estoppel
Sprinkler Leakage Insurance does not provide coverage for: - CORRECT ANSWERS-
Growing Crops (Crop insurance is separate)
Personal Property under HO-3 is covered on a - CORRECT ANSWERS-Named Peril
basis
Personal Property under HO-5 is covered on - CORRECT ANSWERS-an open peril
basis
Debris removal is included in the dwelling and contents coverage, but is limited to -
CORRECT ANSWERS-reasonable expenses
If a commercial building has been vacant for more than 60 days, the following peril(s)
are affected as regards to coverage: - CORRECT ANSWERS-Vandalism
Freezing
Fire
A personal insurance policy that includes both personal property and personal liability
coverages without endorsement: - CORRECT ANSWERS-Homeowners Policy
Under a Commercial Package Policy, how many days does one have to notify the
insurance company of a claim? - CORRECT ANSWERS-The insurer must notify
promptly. The number of days are not specific.
What are the continuing education requirements for public adjusters? - CORRECT
ANSWERS-24 hours of continuing education (5 hours law and ethics/ 19 hours online
approved course by the DFS for public adjusters)
A policy which the policyholder is required to report the values of insured property to the
company at certain intervals is known as a: - CORRECT ANSWERS-Reporting Form
Policy
Reporting form policy requires the insured to insure the property at what %? -
CORRECT ANSWERS-100%
Reporting form policy requires the insured to report what % of the value of the insured
property? - CORRECT ANSWERS-100%
