Claim Adjuster Test || with 100% Verified Solutions.

Maybe be awarded to punish the defendant correct answers Punitive Damages Intangible such as pain suffering and mental anguish correct answers General Damages Pays for medical lost wages and other losses that sire from injury. correct answers Special Damages The plaintiff is the party bringing the claim, has to provide the evidence. correct answers Burden of proof Third person responsible for negligence acts of another correct answers Imputed or Vacarious Negligence failure to exercise the degree of care a reasonable person would use to protect other from risk. correct answers Negligence Its a civil wrong arising from a contract for which money damages may be had correct answers Tort person seeking money for damages or other legal relief correct answers Civil Liability That the Insure should not profit from the payment made for loss. Ex: Cannot sue yourself. correct answers Principles of Indemnity Economic loss that results from direct loss. Ex: While out of business due to direct loss. correct answers Indirect Loss Physical harm or damage to tangible property correct answers Direct Loss Increases the loss of peril. Ex: broken fire alarm correct answers Hazard Is the event that might cause loss. Ex: windstorm and earthquake. correct answers Peril Defined land an anything permanently to the land correct answers Real Property Proportion that limits bears to all limits that apply to the loss. correct answers Pro rata policies Pay equal pays share of loss but will not pay more than its policy limits correct answers Equal share policies Will not pay until all other policies that apply are exhausted correct answers Excess policy Payment by the insurance company is made to the insured or others with an interest similar to the insured correct answers Property Insurance