Adjuster Pro Exam Questions and Answer | 100% Verified and Updated 2024

Adjuster Pro Exam Questions and Answer | 100% Verified and Updated 2024 What type of insurer sell shares to the public and is owned by its share holders? - Answer-stock insurance company Ronald always drives with his windows rolled down because he loves the feeling of the wind in his hair however he often forgets to roll his windows up when he gets out of the car of course this behavior makes it easier for thieves to steal his belongings from the car but Ronald can't help from being forgetful Ronald's behavior would be considered a -Answer-morale hazard Which one of the following is not an essential section that's included in every insurance policy -Answer-Endorsements Donovan is f filling out an application for health insurance and he comes to a question about his use of tobacco products. Why does his insurance company want to know about Donovan's tobacco use -Answer-Tobacco use is a hazard As Jonathan was driving through an intersection and another driver ran a red light and crashed into the side of Jonathan's car which calls significant physical damage Jonathan must now rent a car while his is being repaired the collision with the other driver would be considered a/an -Answer-peril A hell storm moves over Aaron's restaurant large hail stones break through a skylight and water pours and damaging the floor in the restaurant additionally the electrical system shorts Alan Aaron has the clothes for three days the hail would be considered - Answer-The proximate cause of the loss A predefined monetary portion of an insurance claim paid by a policyholder is a - Answer-Deductible Flora is driving in the rain when she skids off the road and slams into cams billboard totaling her car and causing 2000 in damage to the billboard flora has an auto policy with ABC insurance cam files a third-party claim and ABC insurance pays him 1500 for the billboard which of the following is true -Answer-Cam may sue Flora for $500 Francis lives in a nice house valued at $300,000 he is fully insured and his homeowners policy has a $500 fix deductible for fire and hail damage and a 3% deductible for all other perils including wind damage one evening a massive storm hits and blows the roof off Francis home the cost to repair the roof will be $22,000 how much of the cost will the insurer cover -Answer-13,000 Frank purchases a homeowners policy worth $700,000 with a 4% deductible a few months later a heavy hell storm destroys his roof porch and windows causing 50,000 in damages frank should expect __________ from the insurance company to pay for the damages -Answer-22,000 Marcel's home is valued at $495,000 and he carries a homeowners policy with a limit of $400,000 in a 2% deductible during an ice storm the weight of the ice on a tree in Marcel's front yard caused a large limb to break off and fall on his house causing $27,200 in damage how much for Marcel receiving his settlement for this claim - Answer-19,200 Which of the following statements about insurable interest is false -Answer-Dean has insurable interest in the cities power transformer that supplies power to the homes on history because the damage to the transformer would leave Dean without power. Linda's home is worth $525,000 she has a homeowners policy with a $500,000 limit and a 1.5% deductible when Linda's husband says their kitchen on fire while frying a turkey he accidentally causes $36,000 in damages how much can Linda and her husband expect to receive in their settlement -Answer-28,500 Which of the following is the easiest and least costly option Litigation, mediation, adjuster/claimant negotiation, arbiration -Answer-adjuster/claimant negotiation A hell storm damage Jim's roof and windows the adjuster find the total and cover damages to be $13,000 but James is convinced that he should be covered up to $25,000 direct adjuster/climate negotiation will probably not be possible in this situation because -Answer-Difference between the two dollar amounts is