California Adjuster PSI Exam Questions
and Answers 2025 Expert Verified | Ace
the Test
Duty of an insurer in case of a loss - 🧠 ANSWER ✔✔The insurer is required
to conduct a thorough investigation, establish claim procedures and
methods of documentation, and acknowledge receipt of a claim in a timely
fashion.
Responsibility of an insured in case of a loss - 🧠 ANSWER ✔✔The insured
must separate the damaged property from the undamaged property and
protect the property from further loss.
Definition of 'additional coverages' in insurance policies - 🧠 ANSWER
✔✔Additional coverages are included in insurance policies at no extra cost.
Examples of additional coverages include debris removal and reasonable
repairs.
, Essential conditions for a salvage award - 🧠 ANSWER ✔✔To be eligible for
a salvage award, the property involved must be in peril from some hazard,
the salvage service must be voluntary, and the salvage effort must be
successful.
Contents of an endorsement for water backup through a sewer or drain - 🧠
ANSWER ✔✔An endorsement for water backup through a sewer or drain
includes a separate stated limit of coverage and a separate stated
deductible for covered losses.
Duties of an insured when filing a claim - 🧠 ANSWER ✔✔When filing a
claim, the insured is responsible for providing a proof of loss statement,
preserving the undamaged property, and fully cooperating in providing
relevant books and records.
Example of an act that could lead to injury - 🧠 ANSWER ✔✔An example of
an act that could lead to injury is the improper protection of a job site by a
contractor.
Coverage limit for a single-family residence under the regular flood
program - 🧠 ANSWER ✔✔The coverage limit for a single-family residence
under the regular flood program is $250,000.
and Answers 2025 Expert Verified | Ace
the Test
Duty of an insurer in case of a loss - 🧠 ANSWER ✔✔The insurer is required
to conduct a thorough investigation, establish claim procedures and
methods of documentation, and acknowledge receipt of a claim in a timely
fashion.
Responsibility of an insured in case of a loss - 🧠 ANSWER ✔✔The insured
must separate the damaged property from the undamaged property and
protect the property from further loss.
Definition of 'additional coverages' in insurance policies - 🧠 ANSWER
✔✔Additional coverages are included in insurance policies at no extra cost.
Examples of additional coverages include debris removal and reasonable
repairs.
, Essential conditions for a salvage award - 🧠 ANSWER ✔✔To be eligible for
a salvage award, the property involved must be in peril from some hazard,
the salvage service must be voluntary, and the salvage effort must be
successful.
Contents of an endorsement for water backup through a sewer or drain - 🧠
ANSWER ✔✔An endorsement for water backup through a sewer or drain
includes a separate stated limit of coverage and a separate stated
deductible for covered losses.
Duties of an insured when filing a claim - 🧠 ANSWER ✔✔When filing a
claim, the insured is responsible for providing a proof of loss statement,
preserving the undamaged property, and fully cooperating in providing
relevant books and records.
Example of an act that could lead to injury - 🧠 ANSWER ✔✔An example of
an act that could lead to injury is the improper protection of a job site by a
contractor.
Coverage limit for a single-family residence under the regular flood
program - 🧠 ANSWER ✔✔The coverage limit for a single-family residence
under the regular flood program is $250,000.
