All Lines Adjuster Exam Questions and Answers

All Lines Adjuster Exam Questions and Answers The Commercial Building & Personal Property coverage form includes an Additional Coverage for property removed from the premises because of being endangered by an insured peril. The coverage applies for - Answer-30 days after the property is first moved. . An insured with auto limits of 10/20/10 causes bodily injuries to a third party of $8,000. After losing in court he has defense costs of $5,000. What is the insurance company's responsibility to pay? - Answer-$13,000 Bob and Pete's Used Cars has purchased a Garage policy with dealer's physical damage coverage on the cars owned by the dealership at its location. Pete goes to an auto auction 150 miles away, purchases a vehicle and drives it back to the dealership. If Pete suffers a physical damage loss during this trip: - Answer-Coverage will apply only if the "Dealers Drive Away Collision" endorsement is attached to the Garage policy.. The duties of the insured after a loss are included in insurance policy language to - Answer-Assist in the adjuster's investigation of the claim.. Part One of the standard workers' compensation policy describes: - Answer-The insurer's duty to pay promptly, when due, the benefits required of the employer by the workers compensation statute.. Nina has the "Preservation of Property" additional coverage included in her standard Businessowners policy. How long does coverage apply while the property is being stored at another location? - Answer-30 days from the day the property was first moved