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Here are the best resources to pass Claims Adjuster (ClaimsAdjuster). Find Claims Adjuster (ClaimsAdjuster) study guides, notes, assignments, and much more.
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Insurance Adjuster Exam| 203 QUESTIONS| 16 PAGES| WELL ANSWERED
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...
Insurance Adjuster Exam| 203 QUESTIONS| 16 PAGES| WELL ANSWERED
Last document update:
ago
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)...
FL All Lines Claims Adjuster QUESTIONS AND ANSWERS RATED A
Last document update:
ago
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)...
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity...
Adjuster Pro - Insurance adjuster test| 154 QUESTIONS(WELL ANSWERED)
Last document update:
ago
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity...
Adjuster Pro - Insurance adjuster test| 154 QUESTIONS(WELL ANSWERED)
Last document update:
ago
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity...
A claim in the property/casualty industry Is defined as: Correct Answer: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: Correct Answer: peace of mind that if an insured event does occur, that the insurance company will keep its promise and provide the financial protection that you purchased in today's society, the most important factor...
Florida Adjuster Licensing Practice Exam QUESTIONS AND ANSWERS ALL CORRECT
Last document update:
ago
A claim in the property/casualty industry Is defined as: Correct Answer: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: Correct Answer: peace of mind that if an insured event does occur, that the insurance company will keep its promise and provide the financial protection that you purchased in today's society, the most important factor...
A claim in the property/casualty industry Is defined as: Correct Answer: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: Correct Answer: peace of mind that if an insured event does occur, that the insurance company will keep its promise and provide the financial protection that you purchased in today's society, the most important factor...
Florida Adjuster Licensing Practice Exam QUESTIONS AND ANSWERS ALL CORRECT
Last document update:
ago
A claim in the property/casualty industry Is defined as: Correct Answer: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: Correct Answer: peace of mind that if an insured event does occur, that the insurance company will keep its promise and provide the financial protection that you purchased in today's society, the most important factor...
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