CALIFORNIA INSURANCE ADJUSTER
EXAM 2024 ACTUAL EXAM
COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY
GRADED A+
VERSION A
when a loss is settled on a replacement cost basis,
the insured receives: - ....ANSWER...the replacement
cost of the property with no deduction for
depreciation
The condominium form HO-6 provides no dwelling
coverage but provides the same coverage as what
other form for personal property? - ....ANSWER...HO-
2 (they're both Broad Form named perils)
Which is excluded under a homeowner's policy?
,a) earthquake
b) a dwelling insured under the HO-5 form and
damage in a flood
c) accidental and sudden discharge of water from
plumbing system
d) meat which spoils when refrigerator motor
breaks down after many years of service -
....ANSWER...a, b, and d
Coverage E of the Homeowner's Policy has a
minimum limit of: - ....ANSWER...$100,000
How much coverage is applied to contents away
from the premises under the dwelling building and
contents broad form? - ....ANSWER...10% of contents
coverage
Homeowner's insurance is a package policy
combining two or more separate coverages into one
policy. Which of the following are advantages of a
package policy? - ....ANSWER...Efficiency, fewer gaps
in coverage
,To obtain coverage for the dwelling under a
homeowners contract, the insured must: -
....ANSWER...be the owner occupant
All of the following types of personal property on
each homeowner form are subject to a special limit
of liability of $1,500, except:
a) watercraft
b) trailers
c) securities, accounts, deeds
d) firearms - ....ANSWER...d) firearms ($2500)
in the homeowners policy, personal property used
for business purposes: - ....ANSWER...is covered for
up to $2,500 on the premises and up to $500 off the
premises
All of the following are additional coverages
provided in addition to the stated limits of liability in
a homeowners policy, except:
a) claims expenses
b) first aid to others
c) loss assessment coverages
, d) personal injuries - ....ANSWER...d) personal injury
All of the following risks would be eligible for
coverage under a homeowner policy, except:
a) a four family dwelling under construction which
will be occupied by the owner
b) an apartment rented by a tenant non-owner
c) a small family farm
d) a mobile home - ....ANSWER...c) a small family
farm
Replacement cost coverage for dwellings is
available under: - ....ANSWER...DP-2 and DP-3 only
HO-8 Basic Form of homeowner's policy is the only
one that lets you: - ....ANSWER...insure a house for
market value
Which HO Form has the least named perils? -
....ANSWER...HO-8 Basic
Which HO Form is for older houses? -
....ANSWER...HO-8 Basic
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