ADJUSTER PRO INSURANCE ADJUSTER
PRACTICE TEST 2026 QUESTIONS WITH
ANSWERS GRADED A+
●● Stu has a collection or rare comic books. He wants to purchase theft
insurance for his collection, separate from his home and other property.
What term most accurately describes the type of policy Stu would
purchase?
A. Actual cash value policy
B. Valuable papers policy
C. Monoline policy
D. Standard fire policy.
Answer: C. Monoline policy
●● Stan built a porch for his home three years ago at a cost of $10,000.
The value of the porch has depreciated by $6,000, and it would cost
$12,000 to replace it today. After Stan's porch burnt down during a BBQ
today, how much would a standard fire policy indemnify Stan for his
porch?
A. $10,000
B. $12,000
,C. $6,000
D. $4,000.
Answer: C. $6,000
●● There are several terms that are often interchangeable with
"endorsements." Which of the following is NOT one of these terms?
A. Binders
B. Addendums
C. Riders
D. Attachments.
Answer: A. Binders
●● Under the requirements in case loss occurs provision, the insurer
typically requires that the claimant make a claim inventory form:
A. At the end of the settlement process
B. When he files a property claim
C. Only in the case of total loss
D. IN a commercial policy.
Answer: B. When he files a property claim
,●● Which of the following statements does NOT apply to the standard
fire policy?
A. It automatically covers wind and vandalism
B. It is a named peril policy
C. It pays actual cash value
D. It is the basis for all homeowners policies.
Answer: A. It automatically covers wind and vandalism
●● Which of the following statements about the standard fire policy is
TRUE?
A. It is an open peril policy
B. It is the basis of all property insurance policies
C. It offers coverage against wind and hail damage
D. It offers replacement cost valuations.
Answer: B. It is the basis of all property insurance policies
●● The standard fire policy divides a basic property insurance policy
into _____ parts.
A. Four
B. Two
, C. Three
D. Five.
Answer: A. Four
●● Which of the following statements does NOT apply to the standard
fire policy?
A. It automatically covers wind and vandalism
B. It is the basis for all homeowners policies
C. It is a named peril policy
D. It pays actual cash value.
Answer: A. It automatically covers wind and vandalism
●● Which of the following statements is NOT true of endorsements?
A. An endorsed policy will always provide more coverage than an
unendorsed policy
B. An endorsed policy has been changed from the original version
C. Endorsements may be added to a policy at any time during the policy
period
D. Endorsements may be added to a policy at the time of purchase and at
renewal.
PRACTICE TEST 2026 QUESTIONS WITH
ANSWERS GRADED A+
●● Stu has a collection or rare comic books. He wants to purchase theft
insurance for his collection, separate from his home and other property.
What term most accurately describes the type of policy Stu would
purchase?
A. Actual cash value policy
B. Valuable papers policy
C. Monoline policy
D. Standard fire policy.
Answer: C. Monoline policy
●● Stan built a porch for his home three years ago at a cost of $10,000.
The value of the porch has depreciated by $6,000, and it would cost
$12,000 to replace it today. After Stan's porch burnt down during a BBQ
today, how much would a standard fire policy indemnify Stan for his
porch?
A. $10,000
B. $12,000
,C. $6,000
D. $4,000.
Answer: C. $6,000
●● There are several terms that are often interchangeable with
"endorsements." Which of the following is NOT one of these terms?
A. Binders
B. Addendums
C. Riders
D. Attachments.
Answer: A. Binders
●● Under the requirements in case loss occurs provision, the insurer
typically requires that the claimant make a claim inventory form:
A. At the end of the settlement process
B. When he files a property claim
C. Only in the case of total loss
D. IN a commercial policy.
Answer: B. When he files a property claim
,●● Which of the following statements does NOT apply to the standard
fire policy?
A. It automatically covers wind and vandalism
B. It is a named peril policy
C. It pays actual cash value
D. It is the basis for all homeowners policies.
Answer: A. It automatically covers wind and vandalism
●● Which of the following statements about the standard fire policy is
TRUE?
A. It is an open peril policy
B. It is the basis of all property insurance policies
C. It offers coverage against wind and hail damage
D. It offers replacement cost valuations.
Answer: B. It is the basis of all property insurance policies
●● The standard fire policy divides a basic property insurance policy
into _____ parts.
A. Four
B. Two
, C. Three
D. Five.
Answer: A. Four
●● Which of the following statements does NOT apply to the standard
fire policy?
A. It automatically covers wind and vandalism
B. It is the basis for all homeowners policies
C. It is a named peril policy
D. It pays actual cash value.
Answer: A. It automatically covers wind and vandalism
●● Which of the following statements is NOT true of endorsements?
A. An endorsed policy will always provide more coverage than an
unendorsed policy
B. An endorsed policy has been changed from the original version
C. Endorsements may be added to a policy at any time during the policy
period
D. Endorsements may be added to a policy at the time of purchase and at
renewal.
