Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
1. Commercial Au- Similarly, high-risk commercial consumers who have trouble finding automobile
tomobile Insur- insurance in the voluntary market may find coverage through the Commercial
ance Procedure Automobile Insurance Plan (CAIP). Coverages available under CAIP are more
(Arizona) limited than those available to drivers of private passenger vehicles. Under this
plan, commercial consumers may only obtain Bodily Injury and Property Dam-
age Liability with basic limits, unless higher limits are required by law. Physical
Damage Coverage is only available for light pick-up trucks and motorcycles. Like
private drivers, commercial drivers apply for this coverage through the WAAIP.
2. Coverage E (HO) Personal Liability-
Pays for bodily injury and property damage to third party.
Applies even if the insured property causes a third party damages. never pays the
insured.
100,000 min coverage.
3. Coverage F (HO) Medical Payments- No fault coverage.
Medical expenses incurred by third party due to an accident on insured premises.
Only necessary, reasonable medical charges.
1000 minimum limit.
4. Additional Cover- Property to others
ages section 2 First Aid
(HO) Claim Expenses
Loss Assessment
5. Limited Fungi, This endorsement defines fungi as "any type or form of fungus, including mold or
Wet or Dry Rot, mildew, and any mycotoxins, spores, scents or byproducts produced or released
or Bacteria Cov- by fungi."
erage It also provides a specified amount of additional coverage for loss caused by
fungi.
This liability coverage has its own sub-limit within the total Coverage E limit.
6. Home Day Care
1 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
This endorsement may provide both property and liability coverage as long as the
business is conducted by the insured on their residence premises and scheduled
in the endorsement.
7. Watercraft Liabil- Specifically, this endorsement is intended for watercraft powered by motors with
ity more than 25 horsepower and sailing vessels 26 feet or more in length.
This coverage does not apply to watercraft being operated in racing activities
(except for sailing vessels), craft that are being rented to others, or to craft used
to carry people for a fee
8. Dwelling policy Is for people and business who are not eligible for homeowners insurance.
Covers property only, not liability
9. Dwelling vs homeowners insurance requires someone to reside at the property.
Homeowners Homeowners requires the owner be an actual person.
Dwelling does not require someone to reside
Dwellings can be held by businesses or companies.
Farms are not eligible for either- they must be covered by a farm policy
10. Dwelling cover- DP-1: basic form
age forms DP-2: broad form
DP-3: special form
11. DP-1 Basic form
named peril coverage:
covers only fire, lightning, and internal explosions.
Endorsements:
VMM (Vandalism and malicious mischief)
Extended coverage endorsement : WCSHAVVER
12. WCSHAVVER W- windstorm
C- civil Commotion
S- smoke
2 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
H- hail
A- aircraft
V- vehicles
V- volcanic eruption
E- external explosion
R- riot
13. DP-2 Same perils as a basic form, with more.
extended form perils (WCHAVVER)
broad form perils such as vandalism, damage by burglars, glass breakage, falling
objects, weight of ice, collapse of building, sudden and accidental tearing apart,
freezing, artificial electrical currents, accidental discharge or overflow of water.
14. DP-3 Special Form
if a peril is not excluded, its is covered. ( long list of exclusions- settling, cracking,
shrinking, bulging of patios, foundations, etc.
damage from birds or bugs.
Damage from domestic animals
theft
etc)
15. Dwelling Cover- Principle Dwelling- attached structures, service machinery, building materials on
age A or next to the dwelling. (not tools or damage to the land itself)
16. Dwelling Cover- Other structures-
age B APS ( appurtenant physical structures), detached garage, guesthouse, shed,
mailbox.
Limit 10% is included as part of coverage A limit.
17. Dwelling Cover- Personal property-
age C listed property on the policy.
Limit is 10% of coverage C limit.
No additional insurance
3 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
Exclusions:
Animals
Vehicles
aircraft
boats
paper and electronic data
credit and debit cards
money
grave markers
water or steam
18. Dwelling Cover- Covers direct loss
age A B C
19. Dwelling Cover- Covers indirect losses
age D E
20. Dwelling Cover- Fair rental value
age D
21. Dwelling Cover- Additional living expenses
age E
22. Dwelling En- Coverage L - Personal liability
dorsements Coverage M- Medical payments to others
23. Newly Acquired Any new or used vehicle that the insured gets during the current policy period.
Auto Must weigh less than 10,000 lbs
May not be covered under another insurance policy
May not be used for the transportation of goods or materials.
Automatically gets the broadest coverage provided to any one car listed in policy.
24. 25/50/15
4 of 47
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
1. Commercial Au- Similarly, high-risk commercial consumers who have trouble finding automobile
tomobile Insur- insurance in the voluntary market may find coverage through the Commercial
ance Procedure Automobile Insurance Plan (CAIP). Coverages available under CAIP are more
(Arizona) limited than those available to drivers of private passenger vehicles. Under this
plan, commercial consumers may only obtain Bodily Injury and Property Dam-
age Liability with basic limits, unless higher limits are required by law. Physical
Damage Coverage is only available for light pick-up trucks and motorcycles. Like
private drivers, commercial drivers apply for this coverage through the WAAIP.
2. Coverage E (HO) Personal Liability-
Pays for bodily injury and property damage to third party.
Applies even if the insured property causes a third party damages. never pays the
insured.
100,000 min coverage.
3. Coverage F (HO) Medical Payments- No fault coverage.
Medical expenses incurred by third party due to an accident on insured premises.
Only necessary, reasonable medical charges.
1000 minimum limit.
4. Additional Cover- Property to others
ages section 2 First Aid
(HO) Claim Expenses
Loss Assessment
5. Limited Fungi, This endorsement defines fungi as "any type or form of fungus, including mold or
Wet or Dry Rot, mildew, and any mycotoxins, spores, scents or byproducts produced or released
or Bacteria Cov- by fungi."
erage It also provides a specified amount of additional coverage for loss caused by
fungi.
This liability coverage has its own sub-limit within the total Coverage E limit.
6. Home Day Care
1 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
This endorsement may provide both property and liability coverage as long as the
business is conducted by the insured on their residence premises and scheduled
in the endorsement.
7. Watercraft Liabil- Specifically, this endorsement is intended for watercraft powered by motors with
ity more than 25 horsepower and sailing vessels 26 feet or more in length.
This coverage does not apply to watercraft being operated in racing activities
(except for sailing vessels), craft that are being rented to others, or to craft used
to carry people for a fee
8. Dwelling policy Is for people and business who are not eligible for homeowners insurance.
Covers property only, not liability
9. Dwelling vs homeowners insurance requires someone to reside at the property.
Homeowners Homeowners requires the owner be an actual person.
Dwelling does not require someone to reside
Dwellings can be held by businesses or companies.
Farms are not eligible for either- they must be covered by a farm policy
10. Dwelling cover- DP-1: basic form
age forms DP-2: broad form
DP-3: special form
11. DP-1 Basic form
named peril coverage:
covers only fire, lightning, and internal explosions.
Endorsements:
VMM (Vandalism and malicious mischief)
Extended coverage endorsement : WCSHAVVER
12. WCSHAVVER W- windstorm
C- civil Commotion
S- smoke
2 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
H- hail
A- aircraft
V- vehicles
V- volcanic eruption
E- external explosion
R- riot
13. DP-2 Same perils as a basic form, with more.
extended form perils (WCHAVVER)
broad form perils such as vandalism, damage by burglars, glass breakage, falling
objects, weight of ice, collapse of building, sudden and accidental tearing apart,
freezing, artificial electrical currents, accidental discharge or overflow of water.
14. DP-3 Special Form
if a peril is not excluded, its is covered. ( long list of exclusions- settling, cracking,
shrinking, bulging of patios, foundations, etc.
damage from birds or bugs.
Damage from domestic animals
theft
etc)
15. Dwelling Cover- Principle Dwelling- attached structures, service machinery, building materials on
age A or next to the dwelling. (not tools or damage to the land itself)
16. Dwelling Cover- Other structures-
age B APS ( appurtenant physical structures), detached garage, guesthouse, shed,
mailbox.
Limit 10% is included as part of coverage A limit.
17. Dwelling Cover- Personal property-
age C listed property on the policy.
Limit is 10% of coverage C limit.
No additional insurance
3 of 47
, Adjuster Exam (Arizona)
Adjuster Exam (Arizona)
Study online at https://quizlet.com/_a2lzfd
Exclusions:
Animals
Vehicles
aircraft
boats
paper and electronic data
credit and debit cards
money
grave markers
water or steam
18. Dwelling Cover- Covers direct loss
age A B C
19. Dwelling Cover- Covers indirect losses
age D E
20. Dwelling Cover- Fair rental value
age D
21. Dwelling Cover- Additional living expenses
age E
22. Dwelling En- Coverage L - Personal liability
dorsements Coverage M- Medical payments to others
23. Newly Acquired Any new or used vehicle that the insured gets during the current policy period.
Auto Must weigh less than 10,000 lbs
May not be covered under another insurance policy
May not be used for the transportation of goods or materials.
Automatically gets the broadest coverage provided to any one car listed in policy.
24. 25/50/15
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