Texas All Lines Adjuster Exam Questions and 100% Correct Answers

DP - valuation - DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - 20% of A DP - coverages (A-E) - A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shrubs - 5% of A $500 per tree/shrub/plant DP - fire department service charge - $500 DP - extended coverages - windstorm, civil commotion, hail, aircraft, vehicles, volcanic eruption, explosion, riot DP - broad perils - burglary damage, ice/snow weight, glass, accidental discharge of water/steam, falling objects, freezing, electrical, collapse, tearing apart/bulging/cracking DP-3 perils covered (dwelling & contents) - dwelling - open contents - broad (DP-2 perils) Explain the difference between DP & HO policies. - DP does not automatically cover theft or include liability coverage. DP - Explain the difference between limited/broad theft endorsement. - limited - on premises only broad - on & off premises HO-2 perils (dwelling & contents) - dwelling - named/broad contents - named/broad HO-3 perils (dwelling & contents) - dwelling - open contents - named/broad HO-4 perils (dwelling & contents) - dwelling - NO COVERAGE contents - named/broad HO-5 perils (dwelling & contents) - dwelling - open contents - open HO-6 perils (dwelling & contents) - dwelling - LIMITED named/broad contents - named/broad HO-8 perils (dwelling & contents) - dwelling - named/basic & extended contents - named/basic & extended HO - valuation - RCV dwelling ACV content (unless endorsed) EXCEPT HO-8 - ACV dwelling & contents HO - coverages (A-F) - A - dwelling B - other structures - 10% of A C - personal property - 50% of A D - loss of use - 30% of A E - medical payments F - liability HO - limit for personal property in self-storage - 10% of C HO - money limit - $200 HO - securities limit - $1,500 HO - watercraft limit (including trailers) - $1,500 HO - trailers limit (except watercraft trailers) - $1,500 - ON PREMISES ONLY HO - THEFT of jewelry/furs limit - $1,500 HO - THEFT of firearms limit - $2,500 HO - THEFT of silverware limit - $2,500 HO - business personal property on premises limit - $2,500 HO - business personal property off premises limit - $1,500 HO - electronic vehicle equipment limit - $1,500 HO - tapes/discs in vehicle limit - $250 HO - standard deductible - $500 HO - trees/shrubs/plants limit - 5% of A $500 per tree/shrub/plant HO - Property removed is covered for ___ days. - 30 HO - credit card forgery limit - $500 HO - gravemarkers limit - $5,000 HO - landlord's furnishings limit - $2,500 (EXCLUDES THEFT) HO - liability minimum limit - $100,000 HO - minimum medical payments limit - $1,000 HO - Medical payments claim must be filed within ___. - 3 years HO - lost wages supplemental payment - $250/day HO - limit for damage to property of others - $1,000 HO - All tremors within ___ are one earthquake. - 72 hours HO - sewer backup limit - $5,000 (with special $250 deductible) Texas HO - coverages (A-D) - A - dwelling/other structures B - personal property C - personal liability D - medical payments Farm - coverages (A-J) - A - private dwellings B - private other structures C - household personal property D - loss of use E - scheduled farm property F - unscheduled farm property G - barns/silos/outbuildings H - BI/PD liability I - personal/adveritising injury J - medical payments Farm - limit for business personal property on premises - $2,500 Farm - limit for business personal property off premises - $500