All Lines Adjuster Exam Questions & Answers 2025

What is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? - Negligence What is a situation involving a person other than an insured? - Third Party Loss What is the responsibility to another for one's negligence? - Liability Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her deductible? - $5,000 The part of the insurance policy that details the rights and duties of the insured and the insurance company in the policy? - Conditions What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss? - Comparative Negligence Value of property based on the current cost to replace it minus depreciation? - Actual Cash Vale This type of Auto Coverage pays for your damages if you were involved in a hit and run: - Uninsured Motorist What is the cost associated with replacing property at current market prices