Property Certification Exam AD Banker Questions and Answers 100% Solved

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Property Certification Exam AD Banker

Questions and Answers 100% Solved


For insurance purposes, an unfurnished beach house in which no one lives

is considered:

1.Empty

2.Vacant

3.Unused

4.Unoccupied - ✔✔Vacant

Which peril is covered under the DP-1?

1.Freezing

2.Weight of ice, snow, or sleet

3.Falling objects

4.Lightning - ✔✔Lightning

An insured and insurer will utilize which of the following when they are

unable to agree on the amount of a property claim to be paid?

1.Appraisal

2.Assignment

, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.

3.Recession

4.Subrogation - ✔✔Appraisal

Which term describes the cost to replace property with a deduction for

depreciation?

1.Fair market value

2.Actual cash value

3.Replacement cost

4.Stated value - ✔✔Actual cash value

What is another name for the Homeowners form HO-4?

1.Broad Form

2.Tenant's Form

3.Special Form

4.Modified Coverage Form - ✔✔Tenant's Form

Which Homeowners policy form is for dwelling owners who cannot insure

their older homes for replacement cost?

HO-8

HO-2

HO-3

НО-6 - ✔✔HO-8