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Exam (elaborations)

TEXAS All Lines Adjuster 100% SOLUTIONS #1

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TEXAS All Lines Adjuster 100% SOLUTIONS #1 What is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? - ANSWER Negligence What is a situation involving a person other than an insured? - ANSWER Third Party Loss What is the responsibility to another for one's negligence? - ANSWER Liability Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her deductible? - ANSWER $5,000 The part of the insurance policy that details the rights and duties of the insured and the insurance company in the policy? - ANSWER Conditions What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss? - ANSWER Comparative Negligence Value of property based on the current cost to replace it minus depreciation? - ANSWER Actual Cash Vale This type of Auto Coverage pays for your damages if you were involved in a hit and run: - ANSWER Uninsured Motorist What is the cost associated with replacing property at current market prices? - ANSWER Replacement Cost

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Texas All-Lines Adjusting
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Texas All-Lines Adjusting








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Texas All-Lines Adjusting

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