GEORGIA CLAIMS ADJUSTER LICENSING EXAM
2024 / GA CLAIMS ADJUSTER EXAM 130
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES
Practice questions for this set
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Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of
Dwelling limit. ***It is an extension of coverage, NOT the $250K limit so any
coverage needed here will reduce the amount able to go to the dwelling.
Give this one a try later!
What's the difference between
Dwelling coverage extension for
Emergency Program and Regular
flood insurance covers what? How 2
Program in the National Flood
much is it?
Insurance Program?
Standard deductible on flood What kind of property is not
3 4
insurance covered by flood insurance?
Don't know?
,Terms in this set (129)
What coverage does Flood insurance through FEMA
Community Eligibility apply
to?
What's the difference Emergency applies to homes in communities that are a
between Emergency normally not a flood hazard. Regular programs are
Program and Regular awarded to an entire community that is eligible due to
Program in the National flood hazard.
Flood Insurance Program?
What is the flood coverage $250,000
on a regular program in a 1-
4 Family Dwelling?
On what policy can you None! It has its own policy through the Federal
add the Flood Program Government.
endorsement?
A separate insurance policy that provides open-perils
Difference in Conditions coverage to fill in the gaps left by flood coverage if a
(DIC) Insurance home is worth over $250K. Coverage is produced
through Excess/Surplus Lines.
What is the waiting period 30 days after policy purchase
on NFIP coverage?
What is the coverage 5 days
change waiting period for
the NFIP?
- an overflow of inland or tidal waters
- unusual or rapid accumulation or runoff of surface
Give examples of the flood waters
peril -Mudflow or Mudslide
- Collapse of land along the shore of a lake as a result of
erosion
, What kinds of things does Your house and your things (dwelling and personal
flood insurance cover? property). No indirect charges.
Dwelling coverage Structures not attached to dwelling (O.S. or Appurtenant
extension for flood structures). 10% of Dwelling limit. ***It is an extension of
insurance covers what? coverage, NOT the $250K limit so any coverage needed
How much is it? here will reduce the amount able to go to the dwelling.
Personal property damaged or destroyed by the flood
Contents coverage of flood itself and belongs to insured and resident
insurance is limited to what? spouse/relatives. The insured is liable for content of
others.
What are the coverages of Dwelling, Contents, Debris Removal
flood insurance?
How are damaged items Dwelling - replacement cost
valued in flood coverage? Contents - Actual Cash Value
Basements and underground structure (ex. septic tanks),
What kind of property is not
animals, money/accounts/bills, land, anything else
covered by flood
covered by other policies (motor vehicles, aircraft,
insurance?
watercraft)
Loss Valuation on flood (amount of insurance purchased/80% Dwellings Total
insurance replacement cost) x Loss Amount
Standard deductible on $1K for Dwelling and $1K for Content
flood insurance
Personal Inland Marine Floaters or policies for world-wide coverage of personal
Insurance property on an open-peril basis.
Is flood excluded from NOPE. It's covered!
Personal Inland Marine
Insurance?
What are the floaters Personal Articles Floaters, Personal Property Floaters,
available on Personal Inland and Personal Effects Floaters
Marine Insurance?
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