8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
Adjuster Pro Exam Prep 2025 COMPLETE EXAM
QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!!
Save
Terms in this set (188)
Common law is based court decisions and customs.
upon
cause of loss or damage peril
Jim owns a home valued at The coinsurance requirement of 80% means that Jim
$187,500, but he only has a should have maintained a minimum policy of $150,000
$100,000 homeowner's in coverage. Instead, Jim maintained a $100,000 policy,
policy and is under-insuring himself by a third. When the insurer
underinsured. During a invokes the coinsurance penalty, Jim is then
storm, lightning strikes responsible for a third of the damages, which in this
Jim's home causing case totaled $45,000. So, Jim must pay $15,000.
$45,000 in damages. The
insurer decides to invoke a
coinsurance penalty. How
much will Jim be required
to pay for the penalty?
In the context of insurance The source of the adjuster's authority
adjusting, who is the
principal?
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 1/83
,8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
What document do Reservation of Rights letter
insurance companies give
to claimants when they
think something in the
claim is not covered by
the policy, but they are
not sure yet?
Which of the following is A. To fully comply with the Conditions section of the
NOT a reason why an insurance policy
adjuster would collect
written or recorded
witness statements during
a claim investigation?
A. To fully comply with the
Conditions section of the
insurance policy
B. To dispute an account
provided by the claimant
or another witness
C. To impeach a witness's
credibility if he changes
his story when the claim
goes to court
D. To expose data that
may have been
overlooked in the claim
handling process
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 2/83
,8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
Nichole's car was B. No Benefit to Bailee
damaged while it was
being serviced at Don's
Auto Shop. Nichole's auto
insurance policy covers
physical damage to her
vehicle, but it will not
cover the damage that
occurred while the vehicle
was under the control of
Don's Auto Shop. Which
provision in her policy
states this?
A. Control of Property
B. No Benefit to Bailee
C. Assignment
D. Severability of Interests
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 3/83
, 8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
Which of the following C. The two-bedroom house that Shannon owns in
would NOT fall under the town, which she rents out to four college students
definition of "Residence
Premises" in Shannon's
homeowners policy?
A. The beach house that
Shannon and her family
rent for a weekend
getaway each month
B. Shannon's detached 4-
car garage
C. The two-bedroom
house that Shannon owns
in town, which she rents
out to four college
students
D. The vacant lot that
Shannon owns, located
right next to her own
house
With a ____ deductible, the franchise
policyholder only pays for
damages that are less than
his deductible. If the cost
of damages equals or
exceeds his deductible,
the insurer pays the full
amount and the
policyholder pays nothing.
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 4/83
Adjuster Pro Exam Prep 2025 COMPLETE EXAM
QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!!
Save
Terms in this set (188)
Common law is based court decisions and customs.
upon
cause of loss or damage peril
Jim owns a home valued at The coinsurance requirement of 80% means that Jim
$187,500, but he only has a should have maintained a minimum policy of $150,000
$100,000 homeowner's in coverage. Instead, Jim maintained a $100,000 policy,
policy and is under-insuring himself by a third. When the insurer
underinsured. During a invokes the coinsurance penalty, Jim is then
storm, lightning strikes responsible for a third of the damages, which in this
Jim's home causing case totaled $45,000. So, Jim must pay $15,000.
$45,000 in damages. The
insurer decides to invoke a
coinsurance penalty. How
much will Jim be required
to pay for the penalty?
In the context of insurance The source of the adjuster's authority
adjusting, who is the
principal?
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 1/83
,8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
What document do Reservation of Rights letter
insurance companies give
to claimants when they
think something in the
claim is not covered by
the policy, but they are
not sure yet?
Which of the following is A. To fully comply with the Conditions section of the
NOT a reason why an insurance policy
adjuster would collect
written or recorded
witness statements during
a claim investigation?
A. To fully comply with the
Conditions section of the
insurance policy
B. To dispute an account
provided by the claimant
or another witness
C. To impeach a witness's
credibility if he changes
his story when the claim
goes to court
D. To expose data that
may have been
overlooked in the claim
handling process
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 2/83
,8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
Nichole's car was B. No Benefit to Bailee
damaged while it was
being serviced at Don's
Auto Shop. Nichole's auto
insurance policy covers
physical damage to her
vehicle, but it will not
cover the damage that
occurred while the vehicle
was under the control of
Don's Auto Shop. Which
provision in her policy
states this?
A. Control of Property
B. No Benefit to Bailee
C. Assignment
D. Severability of Interests
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 3/83
, 8/4/25, 11:58 AM Adjuster Pro Exam Prep 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashcards | …
Which of the following C. The two-bedroom house that Shannon owns in
would NOT fall under the town, which she rents out to four college students
definition of "Residence
Premises" in Shannon's
homeowners policy?
A. The beach house that
Shannon and her family
rent for a weekend
getaway each month
B. Shannon's detached 4-
car garage
C. The two-bedroom
house that Shannon owns
in town, which she rents
out to four college
students
D. The vacant lot that
Shannon owns, located
right next to her own
house
With a ____ deductible, the franchise
policyholder only pays for
damages that are less than
his deductible. If the cost
of damages equals or
exceeds his deductible,
the insurer pays the full
amount and the
policyholder pays nothing.
https://quizlet.com/1063797206/adjuster-pro-exam-prep-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/?new 4/83
