Texas All Lines Insurance Adjuster Knowledge check with correct solutions | Latest 2023/2024

Texas All Lines Insurance Adjuster Knowledge check with correct solutions | Latest 2023/2024 Define Accident --An unforeseen, unintended even; something unexpected Define Additional Living Expenses --Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uninhabitable. Define Actual Cash Value --The value of your property, based on the current cost to replace it minus depreciation. Define Adjuster --A person who investigates and settles insurance claims. Define Continuing Education Requirement --State level requirement that insurance licensees periodically complete a minimum number of house of insurance related education in order to be eligible for license renewal. How many hours of CE and how often does Texas require? --30 hours every 2 years. Depreciation is based on what three things? --Age, Condition and Life Expectancy Define Exclusion --Provision in an insurance policy that indicates what is denied coverage