PUBLIC ADJUSTER EXAM QUESTIONS BANK
NEWEST ACTUAL EXAM COMPLETE 139 QUESTIONS
AND CORRECT ANSWERS / 2025
Terms in this set (139)
Program Trigger for terrorist • $100,000,000
acts must cause a collective
damage in excess of?
TF A public adjuster may •F
own no more than 50% in a
salvage or similar business?
General Average • Loss shared by all parties
Particular Average • Only one party shares in the loss.
In a home owner policy • Liability Coverage
there is no deductible for
In BOP covered property is • Declarations page
listed and described in what
part of the contract?
What is not eligible for Poultry
coverage under a
livestock floater?
What type of carrier must Common carriers
assume the broadest
liability under common law?
Named insured is never a
Lien Holder. Must have insurable interest in the property.
_______?
,How much extra coverage $10,000
does the BOP allow for
building code updates on a
loss?
HO-3 only covers Actual Cash Value
___________ for jewelry?
Promise by one party that is Aleatory
conditioned on an uncertain
event and where the value
given by each party is
unequal is called?
An insurer has ________ 30 days
days to complete their
investigation of a claim?
Farm insurance coverage G Silos
covers?
Under equipment breakdown 24 months.
coverage, the full
replacement cost will be
provided if the equipment is
repaired in what time period
after a loss?
In the newest edition of the Vegetated roofs
commercial property form,
what is now considered part
of the building?
DP-2 and DP-3
Which Dwelling forms
provide broad form coverage
for personal property?
, The homeowner personal Used clothing
property replacement cost
endorsement would pay
replacement cost for
___________?
An insurer must 10
acknowledge receipt of a
claim within _______
working days?
An insurance contract is Aleatory
considered 4 things Unilateral
Adhesive
Conditional
Admitted insurers must be 5 years.
financially examined by the
Pennsylvania
Department of insurance at
least once every _______
years?
A leased building has to be 31%
____% unoccupied to be
considered vacant under the
COMMERCIAL
PROPERTY policy?
What about for BOP? A 65%
building must be _______
% vacant to be considered
vacant?
BOP additional limit for • 25,000
debris removal is?
NEWEST ACTUAL EXAM COMPLETE 139 QUESTIONS
AND CORRECT ANSWERS / 2025
Terms in this set (139)
Program Trigger for terrorist • $100,000,000
acts must cause a collective
damage in excess of?
TF A public adjuster may •F
own no more than 50% in a
salvage or similar business?
General Average • Loss shared by all parties
Particular Average • Only one party shares in the loss.
In a home owner policy • Liability Coverage
there is no deductible for
In BOP covered property is • Declarations page
listed and described in what
part of the contract?
What is not eligible for Poultry
coverage under a
livestock floater?
What type of carrier must Common carriers
assume the broadest
liability under common law?
Named insured is never a
Lien Holder. Must have insurable interest in the property.
_______?
,How much extra coverage $10,000
does the BOP allow for
building code updates on a
loss?
HO-3 only covers Actual Cash Value
___________ for jewelry?
Promise by one party that is Aleatory
conditioned on an uncertain
event and where the value
given by each party is
unequal is called?
An insurer has ________ 30 days
days to complete their
investigation of a claim?
Farm insurance coverage G Silos
covers?
Under equipment breakdown 24 months.
coverage, the full
replacement cost will be
provided if the equipment is
repaired in what time period
after a loss?
In the newest edition of the Vegetated roofs
commercial property form,
what is now considered part
of the building?
DP-2 and DP-3
Which Dwelling forms
provide broad form coverage
for personal property?
, The homeowner personal Used clothing
property replacement cost
endorsement would pay
replacement cost for
___________?
An insurer must 10
acknowledge receipt of a
claim within _______
working days?
An insurance contract is Aleatory
considered 4 things Unilateral
Adhesive
Conditional
Admitted insurers must be 5 years.
financially examined by the
Pennsylvania
Department of insurance at
least once every _______
years?
A leased building has to be 31%
____% unoccupied to be
considered vacant under the
COMMERCIAL
PROPERTY policy?
What about for BOP? A 65%
building must be _______
% vacant to be considered
vacant?
BOP additional limit for • 25,000
debris removal is?
