Public Adjuster Illinois Exam 2025/2026 Actual Complete Real
Exam Questions & Correct Answers | 100% Verified solutions |
Already Graded A+ / 2025 latest Exam Version!!
what 2 broad principles form the legal foundation - ANSWER--
The doctrine of
utmost good
faith
-the doctrine of reasonable
expectation
what is the SFP? when was it created? and what perils are
covered? - ANSWER-A standard fire policy (SFP) is a basic
insurance contract that covers losses from fire and other perils
1800's
fire, lightning, removal
what is the mine subsidence insurance? - ANSWER-Mine
subsidence insurance covers damage to property caused by
,the sinking or collapsing of the ground due to an underground
mine:
what is dwelling insurance? - ANSWER-designed to insure
dwelling to insureds
that do not qualify for more extensive home owner and/r
used for vacation
houses/
rentals
4 main differences between dwelling and homeowner
policy? - ANSWER--
dwelling policy does not require "owner
occupied"
-limits of liability are
lower
-no liability
coverage
-easier to qualify
than HOI
What are the coverages in the dwelling policy? - ANSWER-COV
A- dwelling
COV B-other structure
COV C- personal property
, COV D-fair rental value
bonus:
DP2 AND 3
have
COV E- additional living
expense
what are the requirements in order to be eligible for HOI? -
ANSWER--name
insured must be owner
occupied
-1 to 4 family residential
dwelling
-dwelling must be
residence
what are the coverages in Homeowners policy? - ANSWER-COV
A- Dwelling
COVB-other structire
COV C- personal Property
COV D-loss of use
COV E- Personal Liability
COV F- Medical Payment
Exam Questions & Correct Answers | 100% Verified solutions |
Already Graded A+ / 2025 latest Exam Version!!
what 2 broad principles form the legal foundation - ANSWER--
The doctrine of
utmost good
faith
-the doctrine of reasonable
expectation
what is the SFP? when was it created? and what perils are
covered? - ANSWER-A standard fire policy (SFP) is a basic
insurance contract that covers losses from fire and other perils
1800's
fire, lightning, removal
what is the mine subsidence insurance? - ANSWER-Mine
subsidence insurance covers damage to property caused by
,the sinking or collapsing of the ground due to an underground
mine:
what is dwelling insurance? - ANSWER-designed to insure
dwelling to insureds
that do not qualify for more extensive home owner and/r
used for vacation
houses/
rentals
4 main differences between dwelling and homeowner
policy? - ANSWER--
dwelling policy does not require "owner
occupied"
-limits of liability are
lower
-no liability
coverage
-easier to qualify
than HOI
What are the coverages in the dwelling policy? - ANSWER-COV
A- dwelling
COV B-other structure
COV C- personal property
, COV D-fair rental value
bonus:
DP2 AND 3
have
COV E- additional living
expense
what are the requirements in order to be eligible for HOI? -
ANSWER--name
insured must be owner
occupied
-1 to 4 family residential
dwelling
-dwelling must be
residence
what are the coverages in Homeowners policy? - ANSWER-COV
A- Dwelling
COVB-other structire
COV C- personal Property
COV D-loss of use
COV E- Personal Liability
COV F- Medical Payment
