Texas All Lines Adjuster Quiz [QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS 2024/2025 Texas All Lines Adjuster Qui
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Texas All Lines Adjuster
Institution
Texas All Lines Adjuster
Texas All Lines Adjuster Quiz
[QUESTIONS AND CORRECT
ANSWERS) VERIFIED ANSWERS
2024/2025 Texas All Lines Adjuster Quiz
____________ a security that obligates the issuer to pay interest
at specific intervals and to repay the principle amount of the loan
at maturity. - CORRECT ANSWER Bond
...
Texas All Lines Adjuster Quiz
[QUESTIONS AND CORRECT
ANSWERS) VERIFIED ANSWERS
2024/2025 Texas All Lines Adjuster Quiz
____________ a security that obligates the issuer to pay interest
at specific intervals and to repay the principle amount of the loan
at maturity. - CORRECT ANSWER Bond
What is a surety bond? - CORRECT ANSWER Guarantees or
makes sure an obligation is met.
_____________ _______________ offers protection for losses
resulting from fraudulent acts by specified individuals including
employees. - CORRECT ANSWER Fidelity Bond
What percent of property that is away from a residence is only
insured under Coverage B? - CORRECT ANSWER 10%
What does coverage A cover on HO-A? - CORRECT ANSWER
dwelling and separate structures
What is not covered under HO-A coverage A? - CORRECT
ANSWER land business, rental, warranty
What is covered under HO-A coverage B? - CORRECT
ANSWER personal property owned anywhere in the world
Do you pay additional for endorsements? - CORRECT ANSWER
Yes
, What value does Fire pay for? - CORRECT ANSWER Fire pay
ACV
What is an agreement? - CORRECT ANSWER
Acceptance/Contract
What is ACV Actual Cash Value? - CORRECT ANSWER
replacement cost of the property at time of loss minus
depreciation.
What is bodily injury? - CORRECT ANSWER physical harm to
the body, sickness or disease
Does homeowners cover business? - CORRECT ANSWER No
What is insured? - CORRECT ANSWER Policy holder
What is insurer - CORRECT ANSWER Insurance company
What is dwelling? - CORRECT ANSWER primary building
structure located on residence premises . Dwelling does not
include separate structures.
Is a motor vehicle covered by HO? - CORRECT ANSWER No
What is occurance? - CORRECT ANSWER The reason you file
a claim
What is a stated limit? - CORRECT ANSWER The most the
insurance will pay.
What is additional living expense ALE? - CORRECT ANSWER If
house is uninhabitable, cannot exceed living expense. If you live
in a trailer, the insurance company will not put you into a mansion.
They will move you into a like place.
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