Adjusting- Policy Study Guide Exam
Questions And Actual Answers.
An FP-7955 homeowners policy with a $250 deductibles is in force. Policy limits for coverage A & B are
adequate, with loss settlement provision A1 and B1. During a windstorm, the following property was
damaged
Item: RCV ACV
Wood Fence $1600 $850
Gas Grill $300 $250
Outdoor Antenna $500 $400
All items have been replaced. How much do you owe?
A. $1400
B. $2400
C. $2700 - Answer $850 Wood Fence
$300 Gas Grill
$500 Outdoor Antenna
= 1650 Total
- 250 Deductible
= 1400 Total
An FP-7955 homeowner policy with a $500 deductible is in force. Policy limits for coverages A & B are
adequate, with loss settlement provisions A1 & B2. During a lightening storm, a tree was struck and fell
causing the following property damage.
Item: RCV ACV
Utility Trailer $1800 $1400
Wood Railing on tree $300 $250
Tree $900 $900
Tree removal from deck $200 $200
Tree debris removal $600 $600
Questions And Actual Answers.
An FP-7955 homeowners policy with a $250 deductibles is in force. Policy limits for coverage A & B are
adequate, with loss settlement provision A1 and B1. During a windstorm, the following property was
damaged
Item: RCV ACV
Wood Fence $1600 $850
Gas Grill $300 $250
Outdoor Antenna $500 $400
All items have been replaced. How much do you owe?
A. $1400
B. $2400
C. $2700 - Answer $850 Wood Fence
$300 Gas Grill
$500 Outdoor Antenna
= 1650 Total
- 250 Deductible
= 1400 Total
An FP-7955 homeowner policy with a $500 deductible is in force. Policy limits for coverages A & B are
adequate, with loss settlement provisions A1 & B2. During a lightening storm, a tree was struck and fell
causing the following property damage.
Item: RCV ACV
Utility Trailer $1800 $1400
Wood Railing on tree $300 $250
Tree $900 $900
Tree removal from deck $200 $200
Tree debris removal $600 $600
