All Lines Adjuster Exam Questions and Answers 100% Pass

All Lines Adjuster Exam Questions and
Answers 100% Pass


The insured has filed a claim under the "Business Income Department

Properties - Broad Form" because the primary buyer of products and

services from the business has filed for bankruptcy under this form the

primary buyers business would be known as -

CORRECT ANSWER: A recipient location




QUESTION: recipient location -

CORRECT ANSWER: Businesses who support insured by being the

primary buyer for their products




QUESTION: HO-3 (special form) -

CORRECT ANSWER: covers the dwelling and other structures on a

risk-of-direct-physical loss basis. All direct physical losses are covered

,except those losses specifically excluded. Personal property is covered

on a named perils basis




QUESTION: HO-5 Comprehensive Form -

CORRECT ANSWER: provides open perils coverage ("all-risks

coverage") on the dwelling, other structures and personal property.




QUESTION: HO-2 (broad form) -

CORRECT ANSWER: covers the dwelling, other structures, and

personal property on a named perils basis




QUESTION: HO-4 (contents broad form) -

CORRECT ANSWER: Only covers a tenant's personal property on a

named perils basis




QUESTION: The dwelling is insured for 200,000 under DP-2 dwelling

policy how much coverage applies to the barn? -

,CORRECT ANSWER: Nothing farm property are not eligible under

the dwelling policy.




QUESTION: A Covered Auto includes those vehicle(s) listed on the

Declarations, plus any trailers or wagons owned by the Named Insured,

any newly acquired vehicles, and any vehicle used as a _________. -

CORRECT ANSWER: Temporary Substitute Auto




QUESTION: The covered auto is defined in the policy as all of the

following EXCEPT:




A) any additional auto acquired in the past 30 days.

B) any auto shown in the declarations.

C) any auto used as a temporary substitute while an insured auto is being

repaired.

D) any trailer owned by the insured or spouse. -

CORRECT ANSWER: Answer: A

, An additional auto acquired during the policy period is considered a

covered auto. However, some restrictions do apply. For example, if the

newly acquired auto is in addition to any vehicle shown on the

declarations, it must be insured within 14 days of the purchase date. If it

replaces one of the cars, the insured does not need to add it during that

policy period.




QUESTION: Coverage F on homeowners policy provides -

CORRECT ANSWER: Medical payments to others; pays all necessary

medical expenses for up to three years after an accident.




QUESTION: Coverage F: Medical Payments to Others -

CORRECT ANSWER: Does not apply to the insured or members of

the insured's household

Not liability coverage and is not base on fault