Insurance adjuster Questions and Answers (100% Pass)
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Module
Insurance Adjuster
Institution
Insurance Adjuster
Contributory Negligence
Insurer refuses to pay anything if the clamant was even partially liable
Which of the following incidents would be a liability insurance policy cover?
A man slips inside a grocery store and injuries himself
While driving, sue looks down to adjust the radio and crashes ...
ABC Masonry, Inc has an aggregate liability policy with limits of 100,
000/300,000. One day, an accident at a construction site leads to 150,000 in
damage to public property. Assuming the cause of the loss is covered under
ABC Masonry's liability policy, how will this claim be paid.
✓ Since the per-occurrence limit is only 100,000 that's all the insurer will
pay. This payment reduces the aggregate to 2000,000 and leaves
50,000 that ABC Masonary is responsible for paying
Split Limits
✓ Establishes the 3 different limits on how much the policy will pay out.
(Body injury, body injury for each person, and property damage)
Aggregate limits
✓ Typically found in commercial liability policies. Establishes 2 liability
limits; max payout per occurrence. Maximum payout per policy period
Joe's homeowners policy has a single limit of 150,000 for bodily injury liability
coverage. One day, joes friend was injured in an accident on Joes property
and the medical billls came to 15,000, which were covered by Joe's
homeowners policy. Which of the following is true?
Master01 | October, 2024/2025 | Latest update
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