Adjuster Pro - Insurance adjuster test 2025 COMPLETE EXAM QUESTIO
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
1. What is insur- protection against financial loss
ance?
2. what is a premi- a scheduled amount to be paid for an insurance policy.
um
3. What are premi- premiums are collected into a "pool" or "reserve to pay out claimants when
ums used for needed.
4. how can insur- the insurer collects premiums from all policy holders and uses them to pay out
ance companies the claims of a few.
afford to pay
for an individu-
als catastrophic
loss?
5. what is Indemni- payment for damages, that is not more or less than the amount caused by the
ty damage.
6. principle of idem- insurance will pay no more or less than the actual financial loss suffered
nity
7. indemnification repairs to property
may also include reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
8. 4 Parts of Legal 1. Agreement
Contract 2. Consideration
3. Competent Parties
4. Legal Purpose
, Adjuster Pro - Insurance adjuster test 2025 COMPLETE EXAM QUESTIO
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
9. legal contract - mutual intent by offeror and offeree
agreement
10. six special char- 1. Personal
acteristics of in- 2. adhesion
surance con- 3. utmost good faith
tracts 4. aleatory
5. unilateral
6. conditional
11. what kind of con- Personal contract
tract is an insur-
ance policy?
12. what is a contract the insured must accept the entire contract with all of its terms and conditions
of adhesion
13. Utmost Good An obligation to act in complete honesty and to disclose all relevant facts.
Faith
14. Aleatory Contract a contract where the values exchanged may not be equal but depend on an
uncertain event
15. Unilateral Con- insurance agrees that they must pay in event of a claim. the insured can stop
tract paying premiums at any point.
only the insurer has promised to perform an action.
16. Conditional Con- A type of an agreement in which both parties must perform certain duties and
tract follow rules of conduct to make the contract enforceable.
17. Acronym for the DICE
four sections of D - declarations page
, Adjuster Pro - Insurance adjuster test 2025 COMPLETE EXAM QUESTIO
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
an Insurance pol- I - Insuring Agreement
icy C- Conditions
E - Exclusions
18. Decelerations Always the first section - establishes the following
section Names of both parties
Policy number
Location and description of insured item
Dates of the policy
Amount and limit of coverage
Deductible
Premium
19. Definitions sec- Defines terms used to write policy including "collusion" "decay" "like kind and
tion quality"
Includes important language for adjusters to know
20. Insuring agree- What is covered and how
ment section Which causes of loss are covered
Any services provided
Any exclusions to coverage
The maximum limit of policy coverage in dollars
21. Conditions sec- Insurer specifies any limits or qualifications the policy holder must meet
tion
22. Exclusions sec- losses for which the insured is not covered for
tion
23. Endorsements
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
1. What is insur- protection against financial loss
ance?
2. what is a premi- a scheduled amount to be paid for an insurance policy.
um
3. What are premi- premiums are collected into a "pool" or "reserve to pay out claimants when
ums used for needed.
4. how can insur- the insurer collects premiums from all policy holders and uses them to pay out
ance companies the claims of a few.
afford to pay
for an individu-
als catastrophic
loss?
5. what is Indemni- payment for damages, that is not more or less than the amount caused by the
ty damage.
6. principle of idem- insurance will pay no more or less than the actual financial loss suffered
nity
7. indemnification repairs to property
may also include reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
8. 4 Parts of Legal 1. Agreement
Contract 2. Consideration
3. Competent Parties
4. Legal Purpose
, Adjuster Pro - Insurance adjuster test 2025 COMPLETE EXAM QUESTIO
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
9. legal contract - mutual intent by offeror and offeree
agreement
10. six special char- 1. Personal
acteristics of in- 2. adhesion
surance con- 3. utmost good faith
tracts 4. aleatory
5. unilateral
6. conditional
11. what kind of con- Personal contract
tract is an insur-
ance policy?
12. what is a contract the insured must accept the entire contract with all of its terms and conditions
of adhesion
13. Utmost Good An obligation to act in complete honesty and to disclose all relevant facts.
Faith
14. Aleatory Contract a contract where the values exchanged may not be equal but depend on an
uncertain event
15. Unilateral Con- insurance agrees that they must pay in event of a claim. the insured can stop
tract paying premiums at any point.
only the insurer has promised to perform an action.
16. Conditional Con- A type of an agreement in which both parties must perform certain duties and
tract follow rules of conduct to make the contract enforceable.
17. Acronym for the DICE
four sections of D - declarations page
, Adjuster Pro - Insurance adjuster test 2025 COMPLETE EXAM QUESTIO
AND VERIFIED ANSWERS |RECENTLY TESTING REAL EXAM QUESTIONS|
100% SOLVED!!
an Insurance pol- I - Insuring Agreement
icy C- Conditions
E - Exclusions
18. Decelerations Always the first section - establishes the following
section Names of both parties
Policy number
Location and description of insured item
Dates of the policy
Amount and limit of coverage
Deductible
Premium
19. Definitions sec- Defines terms used to write policy including "collusion" "decay" "like kind and
tion quality"
Includes important language for adjusters to know
20. Insuring agree- What is covered and how
ment section Which causes of loss are covered
Any services provided
Any exclusions to coverage
The maximum limit of policy coverage in dollars
21. Conditions sec- Insurer specifies any limits or qualifications the policy holder must meet
tion
22. Exclusions sec- losses for which the insured is not covered for
tion
23. Endorsements
