CA ADJUSTERS LICENSE QUESTIONS WITH CORRECT ANSWERS 2025

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CA ADJUSTERS LICENSE QUESTIONS WITH CORRECT ANSWERS 2025

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2024/2025

Institution CA ADJUSTERS LICENSE PSI

Course CA ADJUSTERS LICENSE PSI

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CA ADJUSTERS LICENSE QUESTIONS WITH CORRECT ANSWERS 2025

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CA ADJUSTERS LICENSE QUESTIONS
WITH CORRECT ANSWERS 2025
WhichQofQtheQfollowingQisQnotQaQdutyQofQanQinsurerQinQcaseQofQaQloss?

ConductQaQthoroughQinvestigationQ

EstablishQclaimQproceduresQandQmethodsQofQdocumentationQ

AcknowledgeQreceiptQofQaQclaimQinQaQtimelyQfashionQ

SeparateQtheQdamagedQpropertyQfromQtheQundamagedQpropertyQandQprotectQtheQpropertyQfromQ
furtherQlossQ-QCORRECTQANSWERQ-
TheQcorrectQanswerQis:QSeparateQtheQdamagedQpropertyQfromQtheQundamagedQpropertyQandQpro
tectQtheQpropertyQfromQfurtherQloss.

EXPLANATION:

TheQinsuranceQcompanyQisQnotQrequiredQtoQseparateQtheQdamagedQpropertyQfromQtheQundamage
dQpropertyQnorQtoQprotectQtheQpropertyQfromQfurtherQloss.QThisQisQtheQresponsibilityQofQtheQinsur
ed.

WhichQofQtheQfollowingQstatementsQisQtrueQaboutQ"additionalQcoverages"QinQmostQinsuranceQpolic
ies?

TheyQareQincludedQatQnoQextraQcost.Q

TheyQareQautomaticallyQincludedQonlyQwhenQtheQlossQisQlessQthanQaQdeductible.Q

TheyQareQincludedQforQaQminimumQpremium.Q

TheyQareQoptionalQonQtheQpartQofQtheQinsured.Q-QCORRECTQANSWERQ-
TheQcorrectQanswerQis:QTheyQareQincludedQatQnoQextraQcost.Q

EXPLANATION:

,ExamplesQofQ"additionalQcoverages"QwouldQbeQdebrisQremovalQandQreasonableQrepairsQwhichQare
QautomaticallyQincludedQinQmostQpropertyQforms.

WhichQofQtheQfollowingQareQareQessentialQifQaQsalvageQawardQisQtoQbeQmade?

I.QTheQpropertyQinvolvedQmustQbeQinQperilQfromQsomeQhazard.

II.QTheQsalvageQserviceQmustQbeQvoluntary.

III.QTheQeffortQmustQbeQsuccessful.

IQandQIIIQonlyQ

IQandQIIQonlyQ

I,QIIQandQIIIQ

IIQandQIIIQonlyQ-QCORRECTQANSWERQ-TheQcorrectQanswerQis:QI,QIIQandQIII

EXPLANATION:

AllQofQtheseQareQessentialQifQaQsalvageQawardQisQtoQbeQmade.

TheQendorsementQforQwaterQthatQbacksQupQthroughQaQsewerQorQdrainQincludingQmechanicalQbrea
kdownQofQaQsumpQpumpQcontainsQwhichQofQtheQfollowing?

AQseparateQstatedQlimitQofQcoverageQ

AQseparateQstatedQdeductibleQforQcoveredQlossesQ

BothQanswersQareQcorrectQ

NeitherQanswerQisQcorrectQ-QCORRECTQANSWERQ-
TheQcorrectQanswerQis:QBothQanswersQareQcorrect.

EXPLANATION:

,TheQendorsementQwillQsetQaQlimitQofQcoverageQperQoccurrenceQforQtheseQlossesQandQalsoQimposeQ
aQstatedQdeductible,QwhichQcouldQbeQlessQthanQorQgreaterQthanQtheQstandardQdeductibleQforQprop
ertyQlossesQstatedQonQtheQdeclarationsQpage.QBothQtheQcoverageQlimitQandQtheQdeductibleQvaryQb
asedQonQeachQinsurer'sQunderwritingQguidelines.

AllQofQtheQfollowingQareQdutiesQofQanQinsuredQwhenQfilingQaQclaim,QEXCEPT:

ProvidingQanQadjusterQtoQinvestigateQtheQclaim.Q

ProvidingQaQproofQofQlossQstatement.Q

PreservingQtheQundamagedQpropertyQtoQtheQbestQofQhis/herQabilityQtoQavoidQadditionalQloss.Q

FullQcooperationQinQprovidingQtheQinsuranceQcompanyQwithQallQrelevantQbooksQandQrecords.Q-
QCORRECTQANSWERQ-TheQcorrectQanswerQis:QProvidingQanQadjusterQtoQinvestigateQtheQclaim.Q

EXPLANATION:

ItQisQtheQdutyQofQtheQinsurerQtoQinvestigateQtheQclaim.QTheQinsuredQisQnotQobligatedQtoQobtainQanQ
adjuster.QIfQthereQisQaQdispute,QtheQinsuredQhasQtheQoptionQofQretainingQanQattorneyQorQhiringQaQp
ublicQadjuster.

IfQaQcontractorQdoesQnotQproperlyQprotectQaQjobQsite,QanotherQpersonQcouldQbeQinjured.QThisQisQan
QexampleQof:

NegligenceQ

AQtortQ

AQcivilQwrongQ

AllQofQtheQresponsesQareQcorrectQ-QCORRECTQANSWERQ-
TheQcorrectQanswerQis:QAllQofQtheQresponsesQareQcorrect

EXPLANATION:

, AllQofQtheQresponsesQareQcorrectQandQisQtheQpurposeQofQtheQcoverageQprovidedQbyQtheQCGLQpolicy
.

UnderQtheQ"regularQprogram"QaQfloodQinsuranceQpolicyQwillQinsureQaQsingleQfamilyQresidenceQforQu
pQto:

$250,000.Q

$35,000.Q

$100,000.Q

$185,000.Q-QCORRECTQANSWERQ-TheQcorrectQanswerQis:Q$250,000.Q

EXPLANATION:

TheQlimitQunderQtheQregularQfloodQprogramQisQ$250,000.QUnderQtheQemergencyQfloodQprogramQth
eQdwellingQisQcoveredQforQonlyQ$35,000.

TheQBOPQisQdesignedQtoQcoverQallQofQtheQfollowing,QEXCEPT:

AnQofficeQcomplexQwithQ7,500QsquareQfeetQinQtotalQfloorQarea.Q

SmallQapartmentQhouses.Q

MediumQsizeQclothingQstores.Q

GasQstations.Q-QCORRECTQANSWERQ-TheQcorrectQanswerQis:QGasQstations.

EXPLANATION:

TheQlistQofQeligibleQrisksQforQtheQBOPQisQratherQnarrow.QGasQstations,QgaragesQandQrepairQshopsQw
ouldQnotQqualify.

WhenQisQaQself-insuredQretentionQappliedQinQanQumbrellaQpolicy?

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Uploaded on: March 25, 2025
Number of pages: 65
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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