1
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New York adjuster Questions and Answers
(100% Correct Answers) Already Graded
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Alien insurer [ANS:] Obeys the laws of a country other than the US.
Hazard [ANS:] Somthing that increases the likelihood of loss.
Business income coverage [ANS:] Has a valuation condition that
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requires the insured to give the insurance company a yearly report
detailing the value of covered equipment.
All New York drivers must carry liability coverage of [ANS:] At least
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(25/50/10). No-fault $50,000. Uninsured motorist (25/50).
Hospital indemnity insurance [ANS:] Is the coverage that provides
a flat amount of indemnification per day for hospitalization.
Subrogation [ANS:] Transfers certain rights of the policyholder to
the insurer. (Designed to keep people from collecting twice for the
same damages.)
Non-waiver of agreement [ANS:] Adjuster can investigate the loss
but only the insurer can make decisions on the claim.
Miscellaneous vehicle coverage [ANS:] Can add coverage for
motorcycles and motor homes.
Utility service - Time element [ANS:] Offers business income and
extra expense coverage for the loss of utility services.
#Symbol 8 [ANS:] Hired autos
, 2
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Aviation insurance [ANS:] Hull coverage and liability coverage.
Private insurers [ANS:] Insurance company that are in business to
make a profit as opposed to government insurers.
Uncontrolled line floaters [ANS:] To meet the needs of individual
clients
Accounts receivable floater [ANS:] Reimburses the insured for
money that cannot be collected from clients because company
records are destroyed.
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Endorsements [ANS:] Can add or change policy coverage.
The insuring agreement [ANS:] Explains what losses are covered
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under the policy as well as what the insurer has agreed to provide
in exchange for premiums
HO-2 "broad form" [ANS:] Named peril policy.
Insured against all 17 broad perils.
Covers the insured's house and personal property.
HO-4 "contents broad form" [ANS:] Renters insurance
Known as renters insurance.
Insurance against all 17 broad form peril.
Only covers personal property.
Does not ensure house and other structures.
For Expert help and assignment solutions, +254707240657
New York adjuster Questions and Answers
(100% Correct Answers) Already Graded
A+
Alien insurer [ANS:] Obeys the laws of a country other than the US.
Hazard [ANS:] Somthing that increases the likelihood of loss.
Business income coverage [ANS:] Has a valuation condition that
© 2025 Assignment Expert
requires the insured to give the insurance company a yearly report
detailing the value of covered equipment.
All New York drivers must carry liability coverage of [ANS:] At least
Guru01 - Stuvia
(25/50/10). No-fault $50,000. Uninsured motorist (25/50).
Hospital indemnity insurance [ANS:] Is the coverage that provides
a flat amount of indemnification per day for hospitalization.
Subrogation [ANS:] Transfers certain rights of the policyholder to
the insurer. (Designed to keep people from collecting twice for the
same damages.)
Non-waiver of agreement [ANS:] Adjuster can investigate the loss
but only the insurer can make decisions on the claim.
Miscellaneous vehicle coverage [ANS:] Can add coverage for
motorcycles and motor homes.
Utility service - Time element [ANS:] Offers business income and
extra expense coverage for the loss of utility services.
#Symbol 8 [ANS:] Hired autos
, 2
For Expert help and assignment solutions, +254707240657
Aviation insurance [ANS:] Hull coverage and liability coverage.
Private insurers [ANS:] Insurance company that are in business to
make a profit as opposed to government insurers.
Uncontrolled line floaters [ANS:] To meet the needs of individual
clients
Accounts receivable floater [ANS:] Reimburses the insured for
money that cannot be collected from clients because company
records are destroyed.
© 2025 Assignment Expert
Endorsements [ANS:] Can add or change policy coverage.
The insuring agreement [ANS:] Explains what losses are covered
Guru01 - Stuvia
under the policy as well as what the insurer has agreed to provide
in exchange for premiums
HO-2 "broad form" [ANS:] Named peril policy.
Insured against all 17 broad perils.
Covers the insured's house and personal property.
HO-4 "contents broad form" [ANS:] Renters insurance
Known as renters insurance.
Insurance against all 17 broad form peril.
Only covers personal property.
Does not ensure house and other structures.
