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Exam (elaborations)
USAA P&C Insurance Adjuster Exam with Complete Solutions
Preview 2 out of 8 pages
USAA P&C Insurance Adjuster Exam with Complete Solutions 3rd party Damages - Compensatory- To compensate 3rd party Punitive- To punish the wrongdoers Absolute Liability - Exposure that could cause 3rd parties to suffer damages/losses ACV - Replacement cost value - depreciation= Actual cash value Adhesion - Take it or leave it Aggregate Limit - The maximum amount of coverage available during the policy period
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