Texas All Lines Adjuster Exam Solved 100%

DP - valuation - Answer DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - Answer 20% of A DP - coverages (A-E) - Answer A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - Answer DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - Answer DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shrubs - Answer 5% of A $500 per tree/shrub/plant DP - fire department service charge - Answer $500 DP - extended coverages - Answer windstorm, civil commotion, hail, aircraft, vehicles, volcanic eruption, explosion, riot DP - broad perils - Answer burglary damage, ice/snow weight, glass, accidental discharge of water/steam, falling objects, freezing, electrical, collapse, tearing apart/bulging/cracking DP-3 perils covered (dwelling & contents) - Answer dwelling - open contents - broad (DP-2 perils) Explain the difference between DP & HO policies. - Answer DP does not automatically cover theft or include liability coverage. DP - Explain the difference between limited/broad theft endorsement. - Answer limited - on premises only broad - on & off premises HO-2 perils (dwelling & contents) - Answer dwelling - named/broad contents - named/broad HO-3 perils (dwelling & contents) - Answer dwelling - open contents - named/broad HO-4 perils (dwelling & contents) - Answer dwelling - NO COVERAGE contents - named/broad HO-5 perils (dwelling & contents) - Answer dwelling - open contents - open HO-6 perils (dwelling & contents) - Answer dwelling - LIMITED named/broad contents - named/broad HO-8 perils (dwelling & contents) - Answer dwelling - named/basic & extended contents - named/basic & extended HO - valuation - Answer RCV dwelling ACV content (unless endorsed) EXCEPT HO-8 - ACV dwelling & contents HO - coverages (A-F) - Answer A - dwelling B - other structures - 10% of A C - personal property - 50% of A D - loss of use - 30% of A E - medical payments F - liability HO - limit for personal property in self-storage - Answer 10% of C HO - money limit - Answer $200 HO - securities limit - Answer $1,500 HO - watercraft limit (including trailers) - Answer $1,500 HO - trailers limit (except watercraft trailers) - Answer $1,500 - ON PREMISES ONLY HO - THEFT of jewelry/furs limit - Answer $1,500 HO - THEFT of firearms limit - Answer $2,500 HO - THEFT of silverware limit - Answer $2,500 HO - business personal property on premises limit - Answer $2,500 HO - business personal property off premises limit - Answer $1,500 HO - electronic vehicle equipment limit - Answer $1,500 HO - tapes/discs in vehicle limit - Answer $250 HO - standard deductible - Answer $500 HO - trees/shrubs/plants limit - Answer 5% of A $500 per tree/shrub/plant HO - Property removed is covered for ___ days. - Answer 30 HO - credit card forgery limit - Answer $500 HO - gravemarkers limit - Answer $5,000 HO - landlord's furnishings limit - Answer $2,500 (EXCLUDES THEFT) HO - liability minimum limit - Answer $100,000 HO - minimum medical payments limit - Answer $1,000 HO - Medical payments claim must be filed within ___. - Answer 3 years HO - lost wages supplemental payment - Answer $250/day HO - limit for damage to property of others - Answer $1,000 HO - All tremors within ___ are one earthquake. - Answer 72 hours HO - sewer backup limit - Answer $5,000 (with special $250 deductible) Texas HO - coverages (A-D) - Answer A - dwelling/other structures B - personal property C - personal liability D - medical payments Farm - coverages (A-J) - Answer A - private dwellings B - private other structures C - household personal property D - loss of use E - scheduled farm property F - unscheduled farm property G - barns/silos/outbuildings H - BI/PD liability I - personal/adveritising injury J - medical payments Farm - limit for business personal property on premises - Answer $2,500 Farm - limit for business personal property off premises - Answer $500 Farm - THEFT of jewelry/furs limit - Answer $2,500 Farm - THEFT of firearms limit - Answer $3,000 Farm - livestock blanket limit per animal - Answer $2,000/head $1,000/half head Farm - Basic form includes ___ & ___ damage to livestock. - Answer earthquake/flood Farm - Broad form adds what livestock coverages? (5) - Answer electrocution attacks by dogs/wild animals drowning accidents while loading/unloading accidental shooting Farm - Mobile agricultural machinery equipment covers what perils? - Answer open Farm - Mobile agricultural equipment can be covered on blanket basis, except for ___ & ___ which must be scheduled. - Answer combines cotton pickers Farm - Custom farming with receipts over ___ is EXCLUDED. - Answer $5,000 Flood - policy term - Answer one year Flood - waiting period - Answer 30 days (except for loan closing) Flood - Building & contents have separate ___. - Answer deductibles Flood - emergency program limits (residential & commercial) - Answer residential: dwelling $35,000/contents $10,000 commercial: dwelling $100,000/contents $100,000 Flood - regular program limits (residential & commercial) - Answer residential: dwelling $250,000/contents $100,000 commercial: dwelling $500,000/contents $500,000 Flood - standard deductible (emergency & regular) - Answer emergency - $2,000 regular - $1,000 Flood - limit for loss avoidance measures - Answer $1,000 Flood - Property removed is covered for $___ for ___ days. - Answer $1,000 45 days Flood - limit for loss of use - Answer NO COVERAGE Flood - limit for increased cost of compliance with flood ordinance/law - Answer $30,000 Personal Inland Marine - perils covered - Answer open peril Personal Inland Marine - coverage territory - Answer worldwide (except for fine arts) The personal property floater is commonly written for insureds without ___. - Answer a HO policy The personal effects floater provides coverage only when insured is ___. - Answer traveling The personal effects floater EXCLUDES ___. (5) - Answer passports tickets money contacts artificial limbs Personal Inland Marine - standard deductible - Answer NONE Personal Inland Marine - fine arts coverage territory - Answer US US territories/possessions Puerto Rico Canada Explain the difference between excess & umbrella policies. - Answer excess - higher limits umbrella - higher limits AND broadened coverage Umbrealla - The aggregate limit does not apply to ___ losses. - Answer commercial auto PAP - eligibility - Answer FOUR wheels owned or leased for more than 6 months not over 10,000 GVW no business use (incidental/farming/ranching OK) PAP - rating factors - Answer garaging territory use age/sex/marital status driving record year/make/model of vehicle PAP - For liability, additional vehicles must be insured within ___ . Replacement vehicles are ___. - Answer 14 days insured automatically PAP - For physical damage, addition vehicles must be added within ___ days if physical damage is on policy. If not, it must be added within ___ days (coverage provided with ___ deductible. - Answer 14 4 $500 PAP - lost wages supplemental payment - Answer $200/day Insurance follows the ___. - Answer vehicle The PAP EXCLUDES damage to property ___ by or ___ by insured. - Answer owned transported PAP - Medical payments must be reported within ___. - Answer 3 standard UMPD deductible - Answer $250 PAP provides coverage for damage to non-owned auto covered on ___ basis. - Answer excess PAP - limit for transportation expenses - Answer $20/day up to $600 PAP - waiting period for transportation expenses - Answer theft - 48 hours all other losses - 24 hours PAP - coverages (A-D) - Answer A - liability B - medical payments C - UM/UIM D - physical damage PAP - limit for non-owned trailers - Answer $1,500 PAP - Assigned risk must provide coverage for ___ years. - Answer 3 PAP - Extended Non-owned Liability covers ___. - Answer excess for company car PAP - Limited Mexico Coverage endorsement covers within ___ miles of border on ___ basis. - Answer 25 excess PAP - Named Non-owned provides coverage for ___. - Answer rented/borrowed vehicles for those who don't have a personal auto Commerical Property - coverages (A-C) - Answer A - building B - business personal property C - property of others in care/custody/control Commerical Property - limit for personal property of others in care/custody/control - Answer $2,500 Commerical Property - BPP covered within ___ feet of premises. - Answer 100 Commerical Property - Property removed covered for ___ days. - Answer 30 Commerical Property - fire department service charge - Answer $1,000 Commerical Property - Pollutant clean-up & removal limit is ___ but must be reported within ___ days. - Answer $10,000 180 Commerical Property - limit for electronic data - Answer $2,500 Commerical Property - Newly acquired building limit is ___, and newly aquired BPP limit is ___. Coverage is provided for ___ days. - Answer $250,000 $100,000 30 Commerical Property - limit for property off premises - Answer $10,000 Commerical Property - limit for trees/plants/shrubs - Answer $1,000 $250 per tree/shrub/plant Commerical Property - limit for non-owned detached trailers - Answer $5,000 Commerical Property - outdoor signs limit - Answer $2,500 Commerical Property - mold limit - Answer $15,000 Commerical Property - standard deductible - Answer $500 Commerical Property - valuation - Answer ACV Commerical Property - Building cannot be vacant for ___ days. - Answer 60