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Texas All Lines Adjuster [QUESTIONS AND
CORRECT ANSWERS) VERIFIED ANSWERS
2024/2025
What is the failure to use that degree of care which n ordinary person of reasonable prudence would use
under similar circumstances? - CORRECT ANSWER>>Negligence
What is a situation involving a person other than an insured? - CORRECT ANSWER>>Third Party Loss
What is the responsibility to another for one's negligence? - CORRECT ANSWER>>Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit of
liability is $125,000. Her policy has a 2% deductible. What is her deductible? - CORRECT
ANSWER>>$5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy? - CORRECT ANSWER>>Conditions
What is a partial legal defense that reduces the amount of damages that a person can recover based
upon the amount that this person's own negligence contributed to the loss? - CORRECT
ANSWER>>Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? - CORRECT
ANSWER>>Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run: - CORRECT
ANSWER>>Uninsured Motorist
What is the cost associated with replacing property at current market prices? - CORRECT
ANSWER>>Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage: -
CORRECT ANSWER>>Appraisal
The intentional misrepresentation of a material fact that may void a contract? - CORRECT
ANSWER>>Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining? - CORRECT
ANSWER>>Distributive
Texas All Lines Adjuster [QUESTIONS AND
CORRECT ANSWERS) VERIFIED ANSWERS
2024/2025
What is the failure to use that degree of care which n ordinary person of reasonable prudence would use
under similar circumstances? - CORRECT ANSWER>>Negligence
What is a situation involving a person other than an insured? - CORRECT ANSWER>>Third Party Loss
What is the responsibility to another for one's negligence? - CORRECT ANSWER>>Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit of
liability is $125,000. Her policy has a 2% deductible. What is her deductible? - CORRECT
ANSWER>>$5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy? - CORRECT ANSWER>>Conditions
What is a partial legal defense that reduces the amount of damages that a person can recover based
upon the amount that this person's own negligence contributed to the loss? - CORRECT
ANSWER>>Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? - CORRECT
ANSWER>>Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run: - CORRECT
ANSWER>>Uninsured Motorist
What is the cost associated with replacing property at current market prices? - CORRECT
ANSWER>>Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage: -
CORRECT ANSWER>>Appraisal
The intentional misrepresentation of a material fact that may void a contract? - CORRECT
ANSWER>>Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining? - CORRECT
ANSWER>>Distributive
