Rhode Island Adjuster Practice Exam Questions and Answers Rated A+

Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners C. Boat owners D. Yacht C Which of the following perils is covered by Broad Form perils but not covered by the Basic Form? A. Vandalism B. Weight of ice and snow C. Riot D. Sinkhole collapse B G insures G's television repair shop under a Building and Personal Property Coverage Form with limits of $100,000 on the building and $50,000 on business personal property. A fire causes $10,000 in damage to the building and $20,000 in losses to the contents. G also has to pay $1,000 for debris removal. If the policy has as deductible of $250, G will receive a MAXIMUM of which of the following amounts from the insurer? A. $29,750 B. $30,000 C. $30,750 D. $31,000 C