Public Adjuster Q&A
A public adjuster represents the interest of - =The insured
A public adjuster is an independent contractor representing solely the financial interests of the
insured named in the policy.
All of the following items have a built in limit (maximum) of coverage if the cause of loss is
theft, EXCEPT - =Computers
Once an insurer has received a proof of loss from a first party claimant, when must the insurer
advise the claimant of the acceptance or denial of the claim? - =Within 15 working days
In which of the following situations would trees, shrubs, and other plants be covered by the
homeowners additional coverages? - =The insured's fruit trees are destroyed when an ember
from a nearby brushfire lands on them and burns them.
In a contract, something of value exchanged between the parties is referred to as: -
=Consideration
Tom rents half of a duplex. During a severe storm, lightning strikes a tree in the front yard and it
falls, causing damage on Tom's side of the duplex. Which of the following losses will be covered
by Tom's HO-4 policy? - =Tom's TV and entertainment system that were damaged when the tree
fell through the roof
Under a flood insurance RCBAP (residential condominium building association policy) will
settle claims on what basis? - =Replacement cost
When an insured is fulfilling the duty of providing a loss by taking an inventory of the damaged
property, who pays the expenses incurred by the insured? - =The insured
In ocean marine insurance, each of the following is true about the term "general average"
EXCEPT: - =Only the party having an interest in the lost property suffers a loss.
, And insured has a property loss in Pennsylvania and after waiting 10 days has removed and
disposed of the damaged property to begin repairs. The company denies the claim on the basis
that the insured did not allow the insurer to inspect the damage. When can and insurer deny a
claim on this basis? - =When the insurer has proof that it requested the insured to display the
damaged property prior to its removal.
Under the commercial building and personal property coverage form, which of the following is
correct regarding the appraisal clause? - =No time limits are required.
No insurer may issue checks or drafts or partial settlement of a loss or claim that is still being
negotiated that: - =Releases the insurer from additional liability
The maximum payable for damage or loss to signs attached to the building covered under a BOP
issued to the tenant of the building is: - =$1000
In the newest addition of the commercial property form, which of the following is now
considered part of the building? - =Vegetated roofs
Which of the following would require bailee coverage? - =A TV repair shop
Tyler has covered his electronics store with a commercial property policy. Tyler has invested in a
sophisticated video surveillance system, therefore, he chooses to add a protective safeguards
endorsement to his policy to save money on his premiums. Which of the following is now
TRUE? - =Tyler is insurer may suspend or deny coverage, if he fails to notify the insurer of any
known problems with the system.
With a "full release settlement" of an insurance claim: - =All damages are paid immediately in
one lump sum
Which of the following best describes "covered property" under the equipment breakdown
coverage form? - =Any property that the insured owns or is in the insured's care
A public adjuster represents the interest of - =The insured
A public adjuster is an independent contractor representing solely the financial interests of the
insured named in the policy.
All of the following items have a built in limit (maximum) of coverage if the cause of loss is
theft, EXCEPT - =Computers
Once an insurer has received a proof of loss from a first party claimant, when must the insurer
advise the claimant of the acceptance or denial of the claim? - =Within 15 working days
In which of the following situations would trees, shrubs, and other plants be covered by the
homeowners additional coverages? - =The insured's fruit trees are destroyed when an ember
from a nearby brushfire lands on them and burns them.
In a contract, something of value exchanged between the parties is referred to as: -
=Consideration
Tom rents half of a duplex. During a severe storm, lightning strikes a tree in the front yard and it
falls, causing damage on Tom's side of the duplex. Which of the following losses will be covered
by Tom's HO-4 policy? - =Tom's TV and entertainment system that were damaged when the tree
fell through the roof
Under a flood insurance RCBAP (residential condominium building association policy) will
settle claims on what basis? - =Replacement cost
When an insured is fulfilling the duty of providing a loss by taking an inventory of the damaged
property, who pays the expenses incurred by the insured? - =The insured
In ocean marine insurance, each of the following is true about the term "general average"
EXCEPT: - =Only the party having an interest in the lost property suffers a loss.
, And insured has a property loss in Pennsylvania and after waiting 10 days has removed and
disposed of the damaged property to begin repairs. The company denies the claim on the basis
that the insured did not allow the insurer to inspect the damage. When can and insurer deny a
claim on this basis? - =When the insurer has proof that it requested the insured to display the
damaged property prior to its removal.
Under the commercial building and personal property coverage form, which of the following is
correct regarding the appraisal clause? - =No time limits are required.
No insurer may issue checks or drafts or partial settlement of a loss or claim that is still being
negotiated that: - =Releases the insurer from additional liability
The maximum payable for damage or loss to signs attached to the building covered under a BOP
issued to the tenant of the building is: - =$1000
In the newest addition of the commercial property form, which of the following is now
considered part of the building? - =Vegetated roofs
Which of the following would require bailee coverage? - =A TV repair shop
Tyler has covered his electronics store with a commercial property policy. Tyler has invested in a
sophisticated video surveillance system, therefore, he chooses to add a protective safeguards
endorsement to his policy to save money on his premiums. Which of the following is now
TRUE? - =Tyler is insurer may suspend or deny coverage, if he fails to notify the insurer of any
known problems with the system.
With a "full release settlement" of an insurance claim: - =All damages are paid immediately in
one lump sum
Which of the following best describes "covered property" under the equipment breakdown
coverage form? - =Any property that the insured owns or is in the insured's care
