NY Adjuster practice exam missed questions With Complete Solutions(Rated A)
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Course
NY Adjuster
Institution
NY Adjuster
What is the first step in any claims settlement process?
A. Establish lines of communication
B. Prepare the paperwork
C. Acknowledge the claim
D. Investigate the loss - ANSWER-C. Acknowledge the claim
Correct Answer
Robby carpools to school with his friends, and he enjoys racing the other c...
NY Adjuster practice exam missed questions
With Complete Solutions(Rated A)
What is the first step in any claims settlement process?
A. Establish lines of communication
B. Prepare the paperwork
C. Acknowledge the claim
D. Investigate the loss - ANSWER-C. Acknowledge the claim
Correct Answer
Robby carpools to school with his friends, and he enjoys racing the other cars on the
road whenever he can. His Dad lectures him about the dangers of speeding, but Robby
thinks his Dad is overreacting. He's been driving for two whole years, so he knows what
he's doing. And besides, they have good insurance, so it wouldn't be that big of a deal
even if Robby did damage his car. In insurance terms, Robby's behavior is:
A. a morale hazard.
B. a risk.
C. a peril.
D. a moral hazard. - ANSWER-A. a morale hazard.
Correct Answer
Homeowners policies that include the New York Special Provisions HO 01 31
endorsement stipulate that buildings vacant for ______ days are not eligible for
coverage.
A. 120
B. 60
C. 30
D. 90 - ANSWER-C. 30
Correct Answer
Terry is renting half of a duplex. During a severe storm, lightning strikes a tree in the
front yard and causes a large portion of the tree to fall on Terry's side of the duplex.
Which of the following losses will be covered by Terry's Homeowners 4 policy?
A. Removal of the tree and debris will cost hundreds of dollars.
B. Terry's roof and front wall were damaged when the tree fell on the house.
C. Terry's TV and entertainment system were damaged when the tree fell through the
roof.
, D. Terry's attached carport was damage when the tree ripped it from the side of the
house. - ANSWER-C. Terry's TV and entertainment system were damaged when the
tree fell through the roof.
Correct Answer
A windstorm causes damage on a property covered by a DP-2 form. There is downed
fencing, some furniture in the dwelling gets water damage from rainwater that entered
through a hole in the wind-damaged roof, and a tree is blown down. Aside from the
damaged roof, what, if anything, is covered?
A. The fencing and the furniture
B. The fencing, the furniture, and the tree
C. There is no coverage for a wind loss under a DP-2
D. The fencing only - ANSWER-A. The fencing and the furniture
Correct Answer
Coverage L in a Personal Liability Supplement provides:
A. coverage similar to Coverage E in a homeowners policy, but it doesn't cover the
insured's legal defense.
B. no-fault coverage for necessary, reasonable medical expenses for a third party
injured on the insured's premises.
C. at least $1,000 in loss assessment coverage.
D. coverage for both bodily injury and property damage to a third party for which the
insured is legally liable. - ANSWER-D. coverage for both bodily injury and property
damage to a third party for which the insured is legally liable. Correct Answer
Julia inherited a pair of antique pearl earrings from her great-grandmother. Each of the
earrings is worth $1,000, but together they are worth $5,000. If Julia were to lose one of
the earrings, what would be the MOST she could receive from her insurer under the
Pair and Set provision?
A. $2,000
B. $1,000
C. $4,000
D. $5,000 - ANSWER-C. $4,000
Correct Answer
What is the minimum limit for Coverage L of the Personal Liability Supplement in a
dwelling policy?
A. None
B. $1,000
C. $10,000
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