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Adjuster Exam 2: Questions With Correct Solutions

Adjuster Exam With Questions and Answers ...

Adjuster Exam Simulator Questions with 100% Correct Answers Coverage F on HO-3 will pay medical expenses for - Answer- Anyone invited onto your property and injured while there not a resident "Medical Payments to Others" Negligence or a tort - Answer- A legal duty owed is proven and breach of legal duty owed is also present A common carrier is not liable for the loss of a shipper's goods when the loss results from - Answer- An act of God such as floods, hurricanes or negligence of the ...

Adjuster Exam Simulator Questions with 100% Correct Answers Coverage F on HO-3 will pay medical expenses for - Answer- Anyone invited onto your property and injured while there not a resident "Medical Payments to Others" Negligence or a tort - Answer- A legal duty owed is proven and breach of legal duty owed is also present A common carrier is not liable for the loss of a shipper's goods when the loss results from - Answer- An act of God such as floods, hurricanes or negligence of the ...

Accumulated Depreciation - CORRECT ANSWERThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANSWERA valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - CORRECT ANSWEROne of the characteristics of an insurance contract. Means that one party (the insurer) sets the ...

This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above - correct answerB. Waiver of Premium "premiums are waived" Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgage...

Adjuster Pro Exam 2024 Questions and Answers John is doing some lawn maintenance using a steel blade on his weed-whacker. He fails to properly tighten the blade and it comes loose while he is trimming some tall grass at the edge of his property. The blade flies off towards his neighbor's house and crashes into the HVAC unit, severing the lines and effectively destroying the unit. Which coverage in John's homeowners policy might pay for the damage he caused to his neighbor's HVAC system?...

Adjusters license Exam Questions and Answers 2024 An adjuster shall exercise _____ care when dealing with elderly clients -Answer- Extraordinary The cost of mediation is paid -Answer-Equally by both parties The settlement of a claim arising out of a contract of insurance is also known as - Answer-Transacting insurance An authorized insurer means one duty authorized by a -Answer-Certificate of authority Solicitation negotiation and effectuation of a contract of insurance are best described...

Adjuster Pro: Indiana Adjuster's License - Practice Exam 2024 On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies ...

Adjuster PRO Exam Questions and Answers 2024 The term "jurisdiction" means: A. The body of law that addresses and provides remedies for any civil wrongdoing performed on another party B. The authority of a court or judge to hear a case and to make a judgment C. The designation of a geographic area over which a particular court has jurisdiction D. When all the facts of a civil case are heard, and a judge makes the final decision about the court case -Answer-B. The authority of a court or...