NJ Claims Adjuster Exam 100 Questions and Answers, Exams of Science
education
Multi Peril-Package - ANSWERAny policy which provides property & liability
coverage (not homeowner)
ISO policy - ANSWERSold in Texas, but not Texas form
Only Texas DP 1 - ANSWERMainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - ANSWERGranddaddy of all Texas property policies
Business auto coverage e.g. - ANSWEROwner of a taxi to cover collision
damage
Inland Marine (build milk policy) would cover e.g. - ANSWER3k gallons of milk
in tanker truck
, Texas Standard, Standard Fire & Business Owner - ANSWERWould all cover
damage to something like a gift card shop fire
Tx Personal Auto Policy e.g. - ANSWEROwner of family far, for potential injury
to other people
Trucker's policy - ANSWERTrucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - ANSWERReplacement cost less depreciation
Garage Liability e.g. - ANSWERFor valet parking service to have appropriate
liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - ANSWERTypes of
casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - ANSWERWould have to be written for an
insured to cover potential collision damage to insured's ship
Covered (if it's not written) - ANSWERIt's safe to assume that if something is
not excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - ANSWER15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
education
Multi Peril-Package - ANSWERAny policy which provides property & liability
coverage (not homeowner)
ISO policy - ANSWERSold in Texas, but not Texas form
Only Texas DP 1 - ANSWERMainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - ANSWERGranddaddy of all Texas property policies
Business auto coverage e.g. - ANSWEROwner of a taxi to cover collision
damage
Inland Marine (build milk policy) would cover e.g. - ANSWER3k gallons of milk
in tanker truck
, Texas Standard, Standard Fire & Business Owner - ANSWERWould all cover
damage to something like a gift card shop fire
Tx Personal Auto Policy e.g. - ANSWEROwner of family far, for potential injury
to other people
Trucker's policy - ANSWERTrucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - ANSWERReplacement cost less depreciation
Garage Liability e.g. - ANSWERFor valet parking service to have appropriate
liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - ANSWERTypes of
casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - ANSWERWould have to be written for an
insured to cover potential collision damage to insured's ship
Covered (if it's not written) - ANSWERIt's safe to assume that if something is
not excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - ANSWER15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
