From Tami Practice Test
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1. Which of the following people does NOT have an insurable interest in an
insured property?: A homeowner's interest in the local town water pipes that
deliver water to his home.
2. Insurable interest allows Rick to take out an insurance policy on all of the
following except:: his favorite restaurant.
3. Which of the following refers to being restored to the financial condition you
were in before a loss?: Indemnification
4. In an insurance policy, the Abandonment Clause:: states that the insured is
prohibited from forcing the insurer to take possession of damaged property.
5. Which of the following is not a common settlement payment option for
property damage claims?: Pay salvage value
6. Which of the following is true about insurance policies?: The insured may
cancel the policy at any time, without notice.
7. Which of the following is NOT one of the insured's duties after a loss?: Act
as a liaison between the insurer and the law enforcement personnel
8. When a repair shop uses LKQ parts, they are using:: usable parts that come
from a salvage yard.
9. R&I refers to:: the process of removing a part in order to gain access to another
part that needs to be repaired or
replaced, and then reinstalling it.
10. In the number system that appraisers use to indicate the location of the
point of impact in a collision, #7
stands for:: left rear
11. Ajax the mechanic needs to remove a vehicle's radiator grille, fix the
radiator hoses, and then put the grille
back on the car. This is an example of:: R&I
12. An appraiser's damage estimate:: should include the name and phone num-
ber of the insurance company and the appraiser.
13. Car fires that begin in the passenger compartment are often caused by:: -
electrical short-circuit.
14. What might the very first position in a vehicle's VIN number tell you about
the vehicle?: The vehicle was made in North America
15. Inspecting which of the following parts of the vehicle wouldn't be an
immediate priority after a front-end
collision?: Quarter panels
16. George is inspecting a car as part of the appraisal process. He notices that
the gaps between the rear doors
and the quarter panels are uneven. This tells George that:: the vehicle is distort-
ed.
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17. A VIN can tell an appraiser:: a vehicle's serial number.
18. Andrea is negotiating a settlement with a claimant after a collision. The
claimant and Andrea have agreed on
a $15,000 indemnification for the damage to the vehicle. The claimant is also
requesting $20,000 in punitive
damages, since the at-fault driver used excessive profanity and threats at the
scene of the accident. Andrea
can't negotiate with the claimant in this situation because:: punitive damages
are only awarded in a court of law.
19. What happens when additional, hidden damage is found, once the apprais-
er has completed the estimate
and repairs have begun?: The appraiser prepares a new estimate to include the
additional damage.
20. When documenting her appraisal estimate, which number would Pat use
to indicate that the point of impact
is the both the front and rear of the vehicle?: 18
21. The VIN number for a car manufactured after 1981 will have ________
characters.: 17
22. Georgia is preparing an estimate for a rare Saab 9-4X which has such
extensive damage that it is a total loss.
She can't find the value in the official Used Car Guide. How can Georgia help
provide the claimant with a fair
settlement?: Consult several dealers or other experts about what similar cars might
sell for.
23. MCAngela is driving home from work one evening when she is rear-ended
by another driver who promptly flees
the scene. Which of the following statements is TRUE in this scenario?: Angela
must report the hit-and-run accident to the police, or else her insurer may refuse to
cover the loss.
24. After a covered loss to a motor vehicle, who prepares the claimant's
statement?: The adjuster
25. Which of the following vehicles could be considered non-driveable?: A car
with a broken or missing passenger seatbelt
26. When settling total losses of current model vehicles:: the insurer can offer
a cash settlement or replace the vehicle, but it must offer the settlement that is most
favorable to the insured.
27. The abbreviation "S" on an appraiser's damage estimate means that the
pertinent part is:: structural
, From Tami Practice Test
Study online at https://quizlet.com/_fgug9b
28. An insured's Designated Representative:: may not receive any sort of com-
pensation.
29. R&R refers to:: when a damaged part or assembly needs to be removed from
a vehicle, have new parts put into it, and
then installed back onto the vehicle and aligned.
30. When an insurer takes deductions from a settlement for previous damage
to the vehicle, it must:: show the claimant how the deduction was calculated.
31. A conventional full frame is often used on:: trucks
32. Insurers will pay to repair damage caused by:: Submersion in salt water
33. When an insurance company declares a damaged vehicle a total loss, what
are the two ways it might settle
the claim?: Either with a cash settlement, or by replacing the damaged vehicle
34. What is the formula used to find a vehicle's annual depreciation?: The
replacement cost divided by the number of years of its expected or useful life
35. Edwin is appraising a vehicle that was damaged in a violent hailstorm.
Which of the following should he NOT
include in his list of damages for the insurer to fix?: cigarette burns on the
passenger seat
36. A policyholder has several duties that he must fulfill after a loss. Which of
the following is NOT one of them?: Submit to a polygraph test.
37. What is the formula used to find a vehicle's accumulated depreciation?: -
The annual depreciation multiplied by the vehicle's age
38. OEM Parts" refers to:: brand new parts made by vehicle's manufacturer.
39. Which of the following is NOT one of the functions of the floor pan?: It
keeps the wheels of the car in place
40. A Substantially Similar Vehicle:: means a vehicle of the same year, make, and
model, and similar condition to the insured vehicle.
41. When settling total losses of current model vehicles:: the insurer can take
a deduction for depreciation.
42. NICs are:: tasks that are necessary in order to complete a repair, but are not
included in the labor allowance.
43. The difference between Included Operations and Not Included Operations
is:: not included operations are necessary but are not included in the labor al-
lowance.
44. Which of the following would probably NOT appear on an appraiser's
estimate?: Length of time since policyholder's last claim, if applicable
45. Which of the following would probably NOT appear on an appraiser's
estimate?: The age of the claimant
Study online at https://quizlet.com/_fgug9b
1. Which of the following people does NOT have an insurable interest in an
insured property?: A homeowner's interest in the local town water pipes that
deliver water to his home.
2. Insurable interest allows Rick to take out an insurance policy on all of the
following except:: his favorite restaurant.
3. Which of the following refers to being restored to the financial condition you
were in before a loss?: Indemnification
4. In an insurance policy, the Abandonment Clause:: states that the insured is
prohibited from forcing the insurer to take possession of damaged property.
5. Which of the following is not a common settlement payment option for
property damage claims?: Pay salvage value
6. Which of the following is true about insurance policies?: The insured may
cancel the policy at any time, without notice.
7. Which of the following is NOT one of the insured's duties after a loss?: Act
as a liaison between the insurer and the law enforcement personnel
8. When a repair shop uses LKQ parts, they are using:: usable parts that come
from a salvage yard.
9. R&I refers to:: the process of removing a part in order to gain access to another
part that needs to be repaired or
replaced, and then reinstalling it.
10. In the number system that appraisers use to indicate the location of the
point of impact in a collision, #7
stands for:: left rear
11. Ajax the mechanic needs to remove a vehicle's radiator grille, fix the
radiator hoses, and then put the grille
back on the car. This is an example of:: R&I
12. An appraiser's damage estimate:: should include the name and phone num-
ber of the insurance company and the appraiser.
13. Car fires that begin in the passenger compartment are often caused by:: -
electrical short-circuit.
14. What might the very first position in a vehicle's VIN number tell you about
the vehicle?: The vehicle was made in North America
15. Inspecting which of the following parts of the vehicle wouldn't be an
immediate priority after a front-end
collision?: Quarter panels
16. George is inspecting a car as part of the appraisal process. He notices that
the gaps between the rear doors
and the quarter panels are uneven. This tells George that:: the vehicle is distort-
ed.
, From Tami Practice Test
Study online at https://quizlet.com/_fgug9b
17. A VIN can tell an appraiser:: a vehicle's serial number.
18. Andrea is negotiating a settlement with a claimant after a collision. The
claimant and Andrea have agreed on
a $15,000 indemnification for the damage to the vehicle. The claimant is also
requesting $20,000 in punitive
damages, since the at-fault driver used excessive profanity and threats at the
scene of the accident. Andrea
can't negotiate with the claimant in this situation because:: punitive damages
are only awarded in a court of law.
19. What happens when additional, hidden damage is found, once the apprais-
er has completed the estimate
and repairs have begun?: The appraiser prepares a new estimate to include the
additional damage.
20. When documenting her appraisal estimate, which number would Pat use
to indicate that the point of impact
is the both the front and rear of the vehicle?: 18
21. The VIN number for a car manufactured after 1981 will have ________
characters.: 17
22. Georgia is preparing an estimate for a rare Saab 9-4X which has such
extensive damage that it is a total loss.
She can't find the value in the official Used Car Guide. How can Georgia help
provide the claimant with a fair
settlement?: Consult several dealers or other experts about what similar cars might
sell for.
23. MCAngela is driving home from work one evening when she is rear-ended
by another driver who promptly flees
the scene. Which of the following statements is TRUE in this scenario?: Angela
must report the hit-and-run accident to the police, or else her insurer may refuse to
cover the loss.
24. After a covered loss to a motor vehicle, who prepares the claimant's
statement?: The adjuster
25. Which of the following vehicles could be considered non-driveable?: A car
with a broken or missing passenger seatbelt
26. When settling total losses of current model vehicles:: the insurer can offer
a cash settlement or replace the vehicle, but it must offer the settlement that is most
favorable to the insured.
27. The abbreviation "S" on an appraiser's damage estimate means that the
pertinent part is:: structural
, From Tami Practice Test
Study online at https://quizlet.com/_fgug9b
28. An insured's Designated Representative:: may not receive any sort of com-
pensation.
29. R&R refers to:: when a damaged part or assembly needs to be removed from
a vehicle, have new parts put into it, and
then installed back onto the vehicle and aligned.
30. When an insurer takes deductions from a settlement for previous damage
to the vehicle, it must:: show the claimant how the deduction was calculated.
31. A conventional full frame is often used on:: trucks
32. Insurers will pay to repair damage caused by:: Submersion in salt water
33. When an insurance company declares a damaged vehicle a total loss, what
are the two ways it might settle
the claim?: Either with a cash settlement, or by replacing the damaged vehicle
34. What is the formula used to find a vehicle's annual depreciation?: The
replacement cost divided by the number of years of its expected or useful life
35. Edwin is appraising a vehicle that was damaged in a violent hailstorm.
Which of the following should he NOT
include in his list of damages for the insurer to fix?: cigarette burns on the
passenger seat
36. A policyholder has several duties that he must fulfill after a loss. Which of
the following is NOT one of them?: Submit to a polygraph test.
37. What is the formula used to find a vehicle's accumulated depreciation?: -
The annual depreciation multiplied by the vehicle's age
38. OEM Parts" refers to:: brand new parts made by vehicle's manufacturer.
39. Which of the following is NOT one of the functions of the floor pan?: It
keeps the wheels of the car in place
40. A Substantially Similar Vehicle:: means a vehicle of the same year, make, and
model, and similar condition to the insured vehicle.
41. When settling total losses of current model vehicles:: the insurer can take
a deduction for depreciation.
42. NICs are:: tasks that are necessary in order to complete a repair, but are not
included in the labor allowance.
43. The difference between Included Operations and Not Included Operations
is:: not included operations are necessary but are not included in the labor al-
lowance.
44. Which of the following would probably NOT appear on an appraiser's
estimate?: Length of time since policyholder's last claim, if applicable
45. Which of the following would probably NOT appear on an appraiser's
estimate?: The age of the claimant
