Insurance Adjuster Study Guide: Updated A+ Guide
Solution
Gable roofs have what waste factor so multiply what by what? - ANSWER10%
removal squares by 1.10
Hip roofs have what waste factor so multiply what by what? - ANSWER15% removal
squares by 1.15
Always round composition and laminate shingle replacement to? - ANSWER.33, .67,
or whole number
Always round wood shingle replacement to? - ANSWER.25, .50, .75, or whole
number
Gable roof square footage calculated by up and over explain? - ANSWERUp- eave to
ridge + eave to ridge
Over- length of ridge
Hip roof square footage calculated by up and over explain? - ANSWERUp- eave to
ridge + eave to ridge
Over- end of eave to end of eave
What do these codes mean in Xactimate ( W, WC, F, PC, .5C, C, P, PF, SQ, .5W)? -
ANSWERwalls, walls and ceiling, floor, perimeter ceiling, half ceiling, ceiling,
perimeter, perimeter floor, square, half wall
What do these codes mean in Xactimate ( -, +, &, R, AV-, AV, AV+, AV++)? -
ANSWERremove, replace, remove and replace, detach and reset, standard grade,
average grade, high grade, premium grade)
How do you determine replacement cost of a home? - ANSWERliving area sq footage
multiplied by current construction cost in area
Area of a wall? - ANSWERlength x height
Area of ceiling? - ANSWERlength x width
Area of floor? - ANSWERlength x width
How do you convert inches to a decimal? - ANSWERdivide the inch by 12
Over and above normal expenses (i.e. hotel stay) - ANSWERAdditional Living
Expenses (ALE)
, If you have a percentage deductible where is that percentage always taken from? -
ANSWERCoverage A Limit of Liability
What does Coverage A mean? - ANSWERStructure or Dwelling
What does Coverage B mean? - ANSWERPersonal property or contents
Maximum amount of coverage available - ANSWERLimit of Liablity
How do you tell the difference between structure and contents? - ANSWERif removal
of item will diminish value of home
3 steps to handle content claim - ANSWERDetermine deductible, determine where
loss occurred, do calculations
Applying the excess of a limit from a covered loss towards the deductible -
ANSWERAbsorbing the Deductible
Do not absorb any excess that does not have a deductible like? - ANSWERloss of use
Your calculations table should include these categories? - ANSWERItem description,
cost, adjusted column, excess, deductible
Causes of loss - ANSWERPerils
Coverage A includes? - ANSWERResidence premises and attached structures
What is coverage limit on other structures? - ANSWERthe greater of 10% of
Coverage A or limit listed on declarations page
What is the process when an insurer and an insured have a dispute regarding the
amount of damage on a claim? - ANSWERAppraisal
What is a significant misstatement in an application form. - ANSWERMaterial
Misrepresentation
Depreciation is based on these factors? - ANSWERAge, Condition, Life Expectancy
A person hired by the consumer/property owner to settle the claim with the
insurance company on their behalf? - ANSWERPublic Adjuster
Type of Homeowner's policy that provides coverage only for those perils that are
listed in the policy? - ANSWERHO-A
An event that results in an insured loss/damage. - ANSWEROccurrence
Solution
Gable roofs have what waste factor so multiply what by what? - ANSWER10%
removal squares by 1.10
Hip roofs have what waste factor so multiply what by what? - ANSWER15% removal
squares by 1.15
Always round composition and laminate shingle replacement to? - ANSWER.33, .67,
or whole number
Always round wood shingle replacement to? - ANSWER.25, .50, .75, or whole
number
Gable roof square footage calculated by up and over explain? - ANSWERUp- eave to
ridge + eave to ridge
Over- length of ridge
Hip roof square footage calculated by up and over explain? - ANSWERUp- eave to
ridge + eave to ridge
Over- end of eave to end of eave
What do these codes mean in Xactimate ( W, WC, F, PC, .5C, C, P, PF, SQ, .5W)? -
ANSWERwalls, walls and ceiling, floor, perimeter ceiling, half ceiling, ceiling,
perimeter, perimeter floor, square, half wall
What do these codes mean in Xactimate ( -, +, &, R, AV-, AV, AV+, AV++)? -
ANSWERremove, replace, remove and replace, detach and reset, standard grade,
average grade, high grade, premium grade)
How do you determine replacement cost of a home? - ANSWERliving area sq footage
multiplied by current construction cost in area
Area of a wall? - ANSWERlength x height
Area of ceiling? - ANSWERlength x width
Area of floor? - ANSWERlength x width
How do you convert inches to a decimal? - ANSWERdivide the inch by 12
Over and above normal expenses (i.e. hotel stay) - ANSWERAdditional Living
Expenses (ALE)
, If you have a percentage deductible where is that percentage always taken from? -
ANSWERCoverage A Limit of Liability
What does Coverage A mean? - ANSWERStructure or Dwelling
What does Coverage B mean? - ANSWERPersonal property or contents
Maximum amount of coverage available - ANSWERLimit of Liablity
How do you tell the difference between structure and contents? - ANSWERif removal
of item will diminish value of home
3 steps to handle content claim - ANSWERDetermine deductible, determine where
loss occurred, do calculations
Applying the excess of a limit from a covered loss towards the deductible -
ANSWERAbsorbing the Deductible
Do not absorb any excess that does not have a deductible like? - ANSWERloss of use
Your calculations table should include these categories? - ANSWERItem description,
cost, adjusted column, excess, deductible
Causes of loss - ANSWERPerils
Coverage A includes? - ANSWERResidence premises and attached structures
What is coverage limit on other structures? - ANSWERthe greater of 10% of
Coverage A or limit listed on declarations page
What is the process when an insurer and an insured have a dispute regarding the
amount of damage on a claim? - ANSWERAppraisal
What is a significant misstatement in an application form. - ANSWERMaterial
Misrepresentation
Depreciation is based on these factors? - ANSWERAge, Condition, Life Expectancy
A person hired by the consumer/property owner to settle the claim with the
insurance company on their behalf? - ANSWERPublic Adjuster
Type of Homeowner's policy that provides coverage only for those perils that are
listed in the policy? - ANSWERHO-A
An event that results in an insured loss/damage. - ANSWEROccurrence
