100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
All Lines Adjuster Exam Questions With A+ Grade Answers $10.89
Add to cart
Quickly navigate to
Preview
  2.  
  3. ALL LINES ADJUSTER
  4.  
  5. ALL LINES ADJUSTER

Exam (elaborations)

All Lines Adjuster Exam Questions With A+ Grade Answers
 0 purchase
  • Course
  • ALL LINES ADJUSTER
  • Institution
  • ALL LINES ADJUSTER

recipient location - ANSWER-Businesses who support insured by being the primary buyer for their products HO-3 (special form) - ANSWER-covers the dwelling and other structures on a risk-of-direct-physical loss basis. All direct physical losses are covered except those losses specifically excluded...

[Show more]

Preview 3 out of 20  pages

Document information

  • May 13, 2024
  • 20
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • all lines adjuster exam questions with a grade an
  • all lines adjuster exam questions with stuvia
  • the insured has filed a claim under the business

Written for

  • ALL LINES ADJUSTER
  • ALL LINES ADJUSTER

Seller

avatar-seller
IMORA

Reviews received

Content preview

All Lines Adjuster Exam Questions With
A+ Grade Answers

The insured has filed a claim under the "Business Income Department Properties -
Broad Form" because the primary buyer of products and services from the business has
filed for bankruptcy under this form the primary buyers business would be known as -
ANSWER-A recipient location



recipient location - ANSWER-Businesses who support insured by being the primary
buyer for their products



HO-3 (special form) - ANSWER-covers the dwelling and other structures on a risk-of-
direct-physical loss basis. All direct physical losses are covered except those losses
specifically excluded. Personal property is covered on a named perils basis



HO-5 Comprehensive Form - ANSWER-provides open perils coverage ("all-risks
coverage") on the dwelling, other structures and personal property.



HO-2 (broad form) - ANSWER-covers the dwelling, other structures, and personal
property on a named perils basis



HO-4 (contents broad form) - ANSWER-Only covers a tenant's personal property on a
named perils basis



The dwelling is insured for 200,000 under DP-2 dwelling policy how much coverage
applies to the barn? - ANSWER-Nothing farm property are not eligible under the
dwelling policy.



A Covered Auto includes those vehicle(s) listed on the Declarations, plus any trailers or
wagons owned by the Named Insured, any newly acquired vehicles, and any vehicle
used as a _________. - ANSWER-Temporary Substitute Auto



The covered auto is defined in the policy as all of the following EXCEPT:

,A) any additional auto acquired in the past 30 days.

B) any auto shown in the declarations.

C) any auto used as a temporary substitute while an insured auto is being repaired.

D) any trailer owned by the insured or spouse. - ANSWER-Answer: A




An additional auto acquired during the policy period is considered a covered auto.
However, some restrictions do apply. For example, if the newly acquired auto is in
addition to any vehicle shown on the declarations, it must be insured within 14 days of
the purchase date. If it replaces one of the cars, the insured does not need to add it
during that policy period.



Coverage F on homeowners policy provides - ANSWER-Medical payments to others;
pays all necessary medical expenses for up to three years after an accident.



Coverage F: Medical Payments to Others - ANSWER-Does not apply to the insured or
members of the insured's household

Not liability coverage and is not base on fault



An insured has taken inventory of his merchandise and discovers a substantial shortage
of valuable stock. He submits a claim to his insurance carrier that provides his coverage
under a Business Owners Policy. What coverage is provided by the BOP? - ANSWER-
No coverage would apply, there is no coverage for missing property when there is no
physical evidence to show cause of loss



Arbitration (ADR) - ANSWER-Neutral third party hears a dispute and makes a decision
both parties have agreed to follow.



Mediation - ANSWER-A method of settling disputes outside of court by using the
services of a neutral third party, called a mediator. The mediator acts as a
communicating agent between the parties and suggests ways in which the parties can
resolve their dispute. Not binding.

, Difference between Arbitration and Meditation? - ANSWER-Mediation is not binding,
Arbitration is.



Mediation-Arbitration - ANSWER-If the parties cannot reach a settlement through
mediation, an arbitrator will resolve the dispute.



The building and personal property coverage form provides coverage for outdoor signs -
ANSWER-Whether attached to the building or not for up to 2,500 if damaged by a peril
insured against.



Building and Personal Property Coverage Form - ANSWER-Commercial Property
coverage form that covers buildings, the insured's business personal property, and the
personal property of others located at the business premises



Foreseeability Test - ANSWER-To determine if the defendant's conduct was the
proximate cause of the plaintiff's injury, the court applies



Foreseeability - ANSWER-excludes liability for harms that were sufficiently
unforeseeable at the time of the defendant's tortious conduct.



Purpose of freight insurance - ANSWER-Covers shipper fees



Freight Insurance - ANSWER-indemnifies the ship owner for the loss of earnings if the
goods are damaged or lost and are not delivered. Shipper Fees.



Freight Insurance - ANSWER-insures that shipowner will receive payment for
transportation charges.



What perils are covered on the basic form peril of the Homeowners Policy - ANSWER-
fire, lightning, smoke, windstorm, hurricane, hail, explosion, aircraft and vehicles,
vandalism, riot and civil commotion, theft, and premises liability.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.89
  • (0)
Add to cart
Added