Texas All Lines Adjuster Ch 1 questions well answered rated A+

Texas All Lines Adjuster Ch 1Punitive Damage - correct answer Amount awarded by the court to the defendant in order to deter them from engaging in similar conduct in the future. Comparative Negligence - correct answer Partial legal defense that reduces the amount of damages that a person can recover because their own negligence contributed to the loss. Contributory Negligence - correct answer A law defense where a person's own negligence contributed to the harm that he or she had. Assumption of Risk - correct answer Voluntarily and knowingly subjecting oneself to danger. Act of God - correct answer A natural and unavoidable catastrophe. Floods, windstorms, hurricanes, etc. Additional Living Expenses - correct answer A coverage designed to reimburse the insured for an increase in living expenses necessitated by loss to the dwelling. This Indirect Loss must be the result of Direct Loss by a covered Peril. ALE only pays for expenses that are over and above the normal expenses of the policyholder. Adverse Selection - correct answer A high-risk person benefits more from insurance, so is more likely to purchase it. All Risk Insurance - correct answer A type of coverage that provides protection against loss or damage to property arising from *any* causes, except those listed in the Exclusions section. Appraisal - correct answer Form of dispute resolution if the insured and insurance company cannot come to an agreement on the amount of the claim -- both parties will hire an appraiser to represent them and attempt to settle the dispute.