Public Adjuster Class
Public Adjuster Class
Study online at https://quizlet.com/_5ytir0
1. Which of the following is an insurable loss? Water damage from acci-
dental discharge of an ap-
pliance.
2. Mr Smith applies for homeowners insurance and lies Misrepresentation
about the size of his home the number of relatives
living there and about his prior loss history which of
the following has he committed?
3. Which of the following most likely a moral hazard? An insureds reckless atti-
tude which increases the
chance of loss.
4. What section of an insurance policy contains the in- The conditions
sureds duties ?
5. Which of the following statements about a proof a loss It is often a sworn state-
is true ? ment by the insured.
6. What is the best answer ? Vacant means no furnish-
ings or habitation by peo-
ple & Unoccupied means
furnishing, but no habita-
tion.
7. Which of the following is not bailment situation? You borrow your neigh-
bors lawnmower.
8. A building valued at 500,000 is insured at 300,000 on 150,000
a policy containing an 80% coinsurance clause. How
much would be paid on a covered $200,000 loss?
9. Never
, Public Adjuster Class
Public Adjuster Class
Study online at https://quizlet.com/_5ytir0
When is abandonment of insured property allowed in
a policy?
10. What is concurrent causation ? Two or more perils act to
cause a direct loss.
11. Nonconcurrency is when two policies ? Do not have the same cov-
erage terms and provi-
sions.
12. What is a direct loss? Damage by a peril insured
against.
13. Which of the following may an insured not do? Abandon property to the
insurance company.
14. When applying for the homeowners insurance an ap- It will void the policy due
plicant stated that no business operations took place to material misrepresen-
at the residence . When adjusting a claim for wind- tation.
storm damage the insurer discovered that the insured
had been conducting a dynamite manufacturing op-
eration in the house. How will the insurer most likely
respond to this discovery?
15. An insured has 3 buildings insured. At the policy in- $375,000
ception building 1 had a value of $150,000 building 2
has valued at $125,000 and building 3 had a value of
$100,000. The policy has a blanket limit of $375,000.
What is the most available for loss to any one building?
16. X and Y each own 50% of some property. Only X buys X will receive $20,000 and
insurance with a limit of $20,000 and a deductible of Y will receive nothing.
$1000. If a total loss $25,000 occurs while the property
Public Adjuster Class
Study online at https://quizlet.com/_5ytir0
1. Which of the following is an insurable loss? Water damage from acci-
dental discharge of an ap-
pliance.
2. Mr Smith applies for homeowners insurance and lies Misrepresentation
about the size of his home the number of relatives
living there and about his prior loss history which of
the following has he committed?
3. Which of the following most likely a moral hazard? An insureds reckless atti-
tude which increases the
chance of loss.
4. What section of an insurance policy contains the in- The conditions
sureds duties ?
5. Which of the following statements about a proof a loss It is often a sworn state-
is true ? ment by the insured.
6. What is the best answer ? Vacant means no furnish-
ings or habitation by peo-
ple & Unoccupied means
furnishing, but no habita-
tion.
7. Which of the following is not bailment situation? You borrow your neigh-
bors lawnmower.
8. A building valued at 500,000 is insured at 300,000 on 150,000
a policy containing an 80% coinsurance clause. How
much would be paid on a covered $200,000 loss?
9. Never
, Public Adjuster Class
Public Adjuster Class
Study online at https://quizlet.com/_5ytir0
When is abandonment of insured property allowed in
a policy?
10. What is concurrent causation ? Two or more perils act to
cause a direct loss.
11. Nonconcurrency is when two policies ? Do not have the same cov-
erage terms and provi-
sions.
12. What is a direct loss? Damage by a peril insured
against.
13. Which of the following may an insured not do? Abandon property to the
insurance company.
14. When applying for the homeowners insurance an ap- It will void the policy due
plicant stated that no business operations took place to material misrepresen-
at the residence . When adjusting a claim for wind- tation.
storm damage the insurer discovered that the insured
had been conducting a dynamite manufacturing op-
eration in the house. How will the insurer most likely
respond to this discovery?
15. An insured has 3 buildings insured. At the policy in- $375,000
ception building 1 had a value of $150,000 building 2
has valued at $125,000 and building 3 had a value of
$100,000. The policy has a blanket limit of $375,000.
What is the most available for loss to any one building?
16. X and Y each own 50% of some property. Only X buys X will receive $20,000 and
insurance with a limit of $20,000 and a deductible of Y will receive nothing.
$1000. If a total loss $25,000 occurs while the property
