Texas All Lines Adjuster Quiz LATEST
2023-2024 ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Animals or birds owned or kept by an insured or occupants of
the premises are covered under
_______________________________________. - CORRECT
ANSWER Exclusions (birds and animals are not covered)
Fire, Hurricane, Wind storm, theft are examples of what? -
CORRECT ANSWER Peril
What part of the policy do you find a persons name and
locations? - CORRECT ANSWER Dec page
Ending a policy before a renewal date is known as
______________________. - CORRECT ANSWER Cancellation
Special limit only applies to ______________________? -
CORRECT ANSWER Theft
Guarantee and makes sure an obligation is met is what? -
CORRECT ANSWER Surety Bond
What do endorsements do on a policy? - CORRECT ANSWER
Add coverage to the policy
, What is indemnity? - CORRECT ANSWER To hold harmless.
Transferring your risk to an insurance policy.
What are losses:
1. Direct loss
2. Indirect loss
3. Consequential loss
4. Liability loss - CORRECT ANSWER 1. Direct Loss: actual
physical loss
2. Indirect loss: cannot use property due to loss.
3. Loss due to spoilage such as food.
4. loss to a 3rd party
What is additional living expense ALE? - CORRECT ANSWER If
residence premises wholly or partially uninhabitable then ALE
meaning increase in living expenses. Limits of liability for ALE
is 20% of Coverage A.
Max coverage for trees, shrubs, etc? - CORRECT ANSWER Max
coverage limit is 5% of coverage A subject also to $1000 per
tree, shrub and plant. Loss due to fire, lightning, explosion,
aircraft, vehicles not owned by residents, vandalism mischief,
riot, theft, etc.
Are trees blown down by windstorm covered? - CORRECT
ANSWER No coverage for loss by windstorm unless it's
covered under perils caused by loss.
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