ADJUSTER PRO FINAL PAPER 2025/2026 QUESTIONS WITH
ANSWERS GRADED A+
✔✔When a storm roll through town a month ago John's home suffered substantial
damage he filed a claim by his insurer has offered a settlement much lower than John
feel despair each party selects an appraiser who intern agrees on an umpire to help
settle the claim if two of the three parties agree their decision is - ✔✔Binding
✔✔All of the following scenarios may be covered under a liability insurance policy
except:
A driver T-bones another driver in an intersection
A home owner son breaks her window with a baseball while playing in the backyard
A customer in just a piece of glass while eating at a restaurant
A cable service technician falls through the ceiling while running a new wire in a
customers attic - ✔✔a homeowners son breaks her window with a baseball while
playing in the back yard
✔✔Ninas home is located in a high crime neighborhood one day she comes home from
work to find out her garage door has been vandalized and must be replaced Ninas
insured pays her a $2200 settlement for her claim the insurer considers this settlement -
✔✔a loss
✔✔Lawrence is 24 but he gives his age as 26 on his car insurance application because
he hopes this will give him a better rate Lawrence actions could be best described as -
✔✔Misrepresentation
✔✔Natalie's brakes have been squealing for several months every time she drives her
car she's reminded that she needs to have them replaced but she forgets all about it as
soon as she gets out of the car Natalie's actions can be considered a - ✔✔morale
hazard
✔✔Darian's SUV cost him $28,500 when he bought it new five years ago but it would
cost $29,600 to replace it today the vehicle has an annual depression of $1200 Duran
loses control while driving too fast around a bend in the road and flipped his vehicle
totaling it assuming Darien's auto insurance policy pays AVC how much can he expect
to receive in indemnification for this claim - ✔✔23,600
✔✔Which of the following statements is true
A. replacement cost valuations are usually beneficial to the policyholder
, B. A valued policy will always indemnify a policyholder utilizing actual cash value
valuation
C. In determining how much to indemnify a policyholder in a replacement policy and
insurer must analyze how long the policyholder has owned the insured item
D. Actual cash value generally reflects what it would cost to replace an item at current
price - ✔✔A
✔✔Even after Ed finish his investigation and told Adaline that her damages were
covered she was still concerned that her in Sherwood and I her claim and showed her
that there was no need to worry and that her and Sherwood back up his decision why
might Ed be so sure of this fact? - ✔✔As an adjuster Ed has the power to bind the
insurer to the decision he makes on their behalf
✔✔Tom is an experience insurance agent looking for a new job where he works for one
insure and has the responsibility of training and supervising other agents which of the
following would best fit the type of job Tom is looking for - ✔✔General agent
✔✔And adjusters preliminary claim report should - ✔✔Establish a claim reserve
✔✔And adjusters preliminary report would most likely not - ✔✔Include the settlement
amount
✔✔As a result of a business decision company cues insurer has brought in mold
coverage in news standard commercial property policies without increasing the
premium rate which of the following is true?
A. The liberalization clause requires that this broaden coverage automatically applied to
company cues existing policy
B. the assignment clause requires that does broaden coverage be offered to company.
Q
C. The representations clause requires that the insurer notify all existing policyholders
of the new broaden coverage immediately
D. the premium audit condition requires that the insurer review all existing policies
including company cues to make sure this broaden coverage does not adversely affect
their premium - ✔✔A
✔✔All of the following would be found on the dec page of a standard fire policy except
A. the coverage limits
B. the poliyholders obligations reguarding coverage
C. the policy premium
D. the experiation date of the policy - ✔✔B
✔✔Policy rescission means - ✔✔Declaring that the policy was never a valid agreement
✔✔Which of the following could be covered by homeowners policy
ANSWERS GRADED A+
✔✔When a storm roll through town a month ago John's home suffered substantial
damage he filed a claim by his insurer has offered a settlement much lower than John
feel despair each party selects an appraiser who intern agrees on an umpire to help
settle the claim if two of the three parties agree their decision is - ✔✔Binding
✔✔All of the following scenarios may be covered under a liability insurance policy
except:
A driver T-bones another driver in an intersection
A home owner son breaks her window with a baseball while playing in the backyard
A customer in just a piece of glass while eating at a restaurant
A cable service technician falls through the ceiling while running a new wire in a
customers attic - ✔✔a homeowners son breaks her window with a baseball while
playing in the back yard
✔✔Ninas home is located in a high crime neighborhood one day she comes home from
work to find out her garage door has been vandalized and must be replaced Ninas
insured pays her a $2200 settlement for her claim the insurer considers this settlement -
✔✔a loss
✔✔Lawrence is 24 but he gives his age as 26 on his car insurance application because
he hopes this will give him a better rate Lawrence actions could be best described as -
✔✔Misrepresentation
✔✔Natalie's brakes have been squealing for several months every time she drives her
car she's reminded that she needs to have them replaced but she forgets all about it as
soon as she gets out of the car Natalie's actions can be considered a - ✔✔morale
hazard
✔✔Darian's SUV cost him $28,500 when he bought it new five years ago but it would
cost $29,600 to replace it today the vehicle has an annual depression of $1200 Duran
loses control while driving too fast around a bend in the road and flipped his vehicle
totaling it assuming Darien's auto insurance policy pays AVC how much can he expect
to receive in indemnification for this claim - ✔✔23,600
✔✔Which of the following statements is true
A. replacement cost valuations are usually beneficial to the policyholder
, B. A valued policy will always indemnify a policyholder utilizing actual cash value
valuation
C. In determining how much to indemnify a policyholder in a replacement policy and
insurer must analyze how long the policyholder has owned the insured item
D. Actual cash value generally reflects what it would cost to replace an item at current
price - ✔✔A
✔✔Even after Ed finish his investigation and told Adaline that her damages were
covered she was still concerned that her in Sherwood and I her claim and showed her
that there was no need to worry and that her and Sherwood back up his decision why
might Ed be so sure of this fact? - ✔✔As an adjuster Ed has the power to bind the
insurer to the decision he makes on their behalf
✔✔Tom is an experience insurance agent looking for a new job where he works for one
insure and has the responsibility of training and supervising other agents which of the
following would best fit the type of job Tom is looking for - ✔✔General agent
✔✔And adjusters preliminary claim report should - ✔✔Establish a claim reserve
✔✔And adjusters preliminary report would most likely not - ✔✔Include the settlement
amount
✔✔As a result of a business decision company cues insurer has brought in mold
coverage in news standard commercial property policies without increasing the
premium rate which of the following is true?
A. The liberalization clause requires that this broaden coverage automatically applied to
company cues existing policy
B. the assignment clause requires that does broaden coverage be offered to company.
Q
C. The representations clause requires that the insurer notify all existing policyholders
of the new broaden coverage immediately
D. the premium audit condition requires that the insurer review all existing policies
including company cues to make sure this broaden coverage does not adversely affect
their premium - ✔✔A
✔✔All of the following would be found on the dec page of a standard fire policy except
A. the coverage limits
B. the poliyholders obligations reguarding coverage
C. the policy premium
D. the experiation date of the policy - ✔✔B
✔✔Policy rescission means - ✔✔Declaring that the policy was never a valid agreement
✔✔Which of the following could be covered by homeowners policy
