ILLINIOS PUBLIC ADJUSTER EXAM
QUESTIONS AND CORRECT ANSWERS
HO-3 policy provides replacement cost protection for which property
below?
A. Personal property
B. Animals and birds
C. Dwellings and other structures
D. All of Above - ✔✔✔ Correct Answer > All of the above
How many days does an insured have to complete a signed, sworn
proof of loss? - ✔✔✔ Correct Answer > 60 days after the Insurer
request it
Which of the following is not a prohibited action of a public
adjuster - ✔✔✔ Correct Answer > Commencing repairs
pending adjustment of a claim
A windstorm that leads to interior damage of a home would only be
covered if... - ✔✔✔ Correct Answer > The wind storm first
causing opening in the walls or the roof
Which of the following would be covered on a home owners policy? -
✔✔✔ Correct Answer > Damage to floors caused by
,Busting pipes inside the house
Which of the following is covered under a homeowners policy -
✔✔✔ Correct Answer > Hostile fire
A homeowner must replace or repair property in order to receive
replacement cost settlement. However, the Insurer will pay
replacement cost in a covered loss to buildings or other structures
prior to repair or replacement if the loss is less than
$2500 and.. - ✔✔✔ Correct Answer > The loss is also less than
5% of the limit on the building
Which of the following home owners forms does not cover buildings -
✔✔✔ Correct Answer > HO-4 ex. Covers pets
Under a farm owners policy, which would be the most appropriate
coverage for a farm tractor? - ✔✔✔ Correct Answer > Coverage
E
What kind of losses can a commercial property insurance cover?
- ✔✔✔ Correct Answer > Direct and indirect losses
Commercial property policy with basic causes of laws which exclude
which of the following acts of vandalism?
A. An antenna on top of the building
B. chemicals through onto a buildings roof
C. Spray painting on a building walls
, D. All of Above - ✔✔✔ Correct Answer > D. All of above
An insured commercial building is vandalized, which of the
following damage would be covered? - ✔✔✔ Correct Answer >
An antenna on top of the building
A commercial building insured added replacement cost, is destroyed
doing the rebuilding. It is discovered that a sprinkler system would
need to be installed due to a change in building codes. Which is
correct - ✔✔✔ Correct Answer > The sprinkler system will be
covered up to $10,000 or 5% of the building limit, which ever is less
If an insured commercial building insured for $500,000 sustains a
$100,000 in fire damage. Which of the following could not also be
automatically covered - ✔✔✔ Correct Answer > $850 fire department
charge for water in for overtime pay to firefighters
In a commercial property policy, when will the insurer pay for a
covered loss? - ✔✔✔ Correct Answer > Within 30 days after the
appraisal is completed
Business income coverage form, pays extra expenses when? -
✔✔✔ Correct Answer > The installation of the building value
exceeds 4% in one year
Which property coverage form should be used for a building under
construction? - ✔✔✔ Correct Answer > A builders risk form
Which commercial form policy provides the brightest coverage -
QUESTIONS AND CORRECT ANSWERS
HO-3 policy provides replacement cost protection for which property
below?
A. Personal property
B. Animals and birds
C. Dwellings and other structures
D. All of Above - ✔✔✔ Correct Answer > All of the above
How many days does an insured have to complete a signed, sworn
proof of loss? - ✔✔✔ Correct Answer > 60 days after the Insurer
request it
Which of the following is not a prohibited action of a public
adjuster - ✔✔✔ Correct Answer > Commencing repairs
pending adjustment of a claim
A windstorm that leads to interior damage of a home would only be
covered if... - ✔✔✔ Correct Answer > The wind storm first
causing opening in the walls or the roof
Which of the following would be covered on a home owners policy? -
✔✔✔ Correct Answer > Damage to floors caused by
,Busting pipes inside the house
Which of the following is covered under a homeowners policy -
✔✔✔ Correct Answer > Hostile fire
A homeowner must replace or repair property in order to receive
replacement cost settlement. However, the Insurer will pay
replacement cost in a covered loss to buildings or other structures
prior to repair or replacement if the loss is less than
$2500 and.. - ✔✔✔ Correct Answer > The loss is also less than
5% of the limit on the building
Which of the following home owners forms does not cover buildings -
✔✔✔ Correct Answer > HO-4 ex. Covers pets
Under a farm owners policy, which would be the most appropriate
coverage for a farm tractor? - ✔✔✔ Correct Answer > Coverage
E
What kind of losses can a commercial property insurance cover?
- ✔✔✔ Correct Answer > Direct and indirect losses
Commercial property policy with basic causes of laws which exclude
which of the following acts of vandalism?
A. An antenna on top of the building
B. chemicals through onto a buildings roof
C. Spray painting on a building walls
, D. All of Above - ✔✔✔ Correct Answer > D. All of above
An insured commercial building is vandalized, which of the
following damage would be covered? - ✔✔✔ Correct Answer >
An antenna on top of the building
A commercial building insured added replacement cost, is destroyed
doing the rebuilding. It is discovered that a sprinkler system would
need to be installed due to a change in building codes. Which is
correct - ✔✔✔ Correct Answer > The sprinkler system will be
covered up to $10,000 or 5% of the building limit, which ever is less
If an insured commercial building insured for $500,000 sustains a
$100,000 in fire damage. Which of the following could not also be
automatically covered - ✔✔✔ Correct Answer > $850 fire department
charge for water in for overtime pay to firefighters
In a commercial property policy, when will the insurer pay for a
covered loss? - ✔✔✔ Correct Answer > Within 30 days after the
appraisal is completed
Business income coverage form, pays extra expenses when? -
✔✔✔ Correct Answer > The installation of the building value
exceeds 4% in one year
Which property coverage form should be used for a building under
construction? - ✔✔✔ Correct Answer > A builders risk form
Which commercial form policy provides the brightest coverage -
