Auto Claims Adjusting Questions and Correct Answers/ Latest Update / Already Graded

Page |1


Auto Claims Adjusting Questions and
Correct Answers/ Latest Update / Already
Graded
HO-2

Ans: "Broad" Named-peril form; covers the insureds house and
personal property.


HO-4

Ans: "Contents Broad Form" Named Peril Form; Renters
insurance; covers personal property but not house and other
structures.


HO-6

Ans: "Unit Owners form" Named Peril Form; Condo Form;
Covers owner's belongings and all finished surfaces of the
individual condominium unit.


HO-8

Ans: "Modified Coverage Form" Named Peril Form; Covers
property at ACV, advantage: it's cheaper




All rights reserved © 2025/ 2026 |

, Page |2

HO-3

Ans: "Special Form" Open-Peril coverage for dwelling and
other structures; Named peril coverage for personal
property(all Broad Form perils)


HO-5

Ans: "Comprehensive Form" Open-peril coverage for structures
and personal property; most comprehensive coverage available.


Coverage A

Ans: Dwelling; structure attached to dwelling


Coverage B

Ans: Designed for detached structures; Pays in addition to
coverage A limit.


Coverage C

Ans: Personal Property; all property that does not qualify as
real property; covered anywhere in the world. (Full coverage on
premises, varies elsewhere)




All rights reserved © 2025/ 2026 |

, Page |3

Coverage D

Ans: For indirect losses; Additional Living Expenses, Fair
Rental Value, Prohibited Use(civil authority); measures in time
rather than dollars(pays as long as needed)


Coverage E

Ans: Personal Liability; pays for bodily injury and property
damage to third party if insured is found negligent. Never pays
insured.


Coverage F

Ans: Medical Payments; no fault coverage, med expenses
incurred by 3rd party due to accident on INSD premises.


DP-1

Ans: Basic Form; named-peril coverage; only covers fire,
lightning, and internal explosion.


DP-2

Ans: Broad Form; extended form perils(windstorm, civil
commotion, smoke, hail, aircraft, vehicles, volcanic eruption,
external explosion, and riot)

All rights reserved © 2025/ 2026 |

, Page |4



DP-3

Ans: Special Form; open-peril coverage to structures, named
peril coverage to personal property.


A dwelling policy has no liability

Ans: What is a major difference between a Homeowner's policy
as a dwelling policy?


10/20/10

Ans: What is the current minimum amount of liability coverage
required by the state of Florida for a driver who is found to b e
at fault in an accident?


$10,000

Ans: Anyone who registers or drives a car in Florida must have
PIP coverage of at least:


$25,000




All rights reserved © 2025/ 2026 |