Claims Adjuster (ClaimsAdjuster)

Which kind of losses are covered under a standard fire policy? Correct Answer: Direct All fires are not covered by the Standard Fire policies, only those that: Correct Answer: are hostile and have a flame or glow At what time does a fire policy go into affect? Correct Answer: 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insured may col...

What is an eligible building for flood insurance? Correct Answer: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? Correct Answer: Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? Correct Answer: No, HO-4 (Renters personal property)...