- Study guides, Class notes & Summaries

Insurance Adjuster Exam | 200+ Questions and Answers Verified 100% | Latest Update

Insurance Adjuster Exam | Questions and Answers Verified 100%

Insurance Adjuster Test Questions With 100% Verified Correct Answers 2024/2025 Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? Coverage B Coverage A Coverage D Coverage C - Correct Answer Cov B The unfair trade practice of offering inducements for the purchase of insurance is called? controlled business rebating misrepresentation false advertising - Correct Answer rebating In which type of group life...

Claims Adjuster Exam Study Guide with Complete Solutions 100% Verified 2024/2025 Insurance - Correct Answer -an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Correct Answer -the fee paid by the insured in exchange for insurance Principle of Indemnity - Correct Answer -the insurer should be restored to where they were before the incident -no profit can be made Idemnification - Correct Answer -to compensate f...

Insurance Adjuster Exam Questions with 100% Verified Correct Answers 2024/2025 Which kind of losses are covered under a standard fire policy? - Correct Answer Direct All fires are not covered by the Standard Fire policies, only those that: - Correct Answer are hostile and have a flame or glow At what time does a fire policy go into affect? - Correct Answer 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000...

Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers What is insurance? - Correct Answer protection against financial loss what is a premium - Correct Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Correct Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Correct Answer the insurer collect...

INSURANCE ADJUSTER EXAM 2024 WITH 100% ACCURATE ANSWERS

INSURANCE ADJUSTER EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. INSURANCE ADJUSTER EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. INSURANCE ADJUSTER EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. INSURANCE ADJUSTER EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. INSURANCE ADJUSTER EXAM |AC...

Which kind of losses are covered under a standard fire policy? - ANSWER Direct All fires are not covered by the Standard Fire policies, only those that: - ANSWER are hostile and have a flame or glow At what time does a fire policy go into affect? - ANSWER 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insured may collect under e...

INSURANCE ADJUSTER FINAL PRACTICE QUESTIONS AND ANSWERS Lloyds of London was most known for insuring what product? - CORRECT ANSWER-Tobacco Shipments How did the Chinese families use the concept of pooling to protect their crops? - CORRECT ANSWER-Divided shipments to multiple ships The chinese were credited with being the first to create the concept of insurance. The main method used was to ship their goods on multiple ships instead of on one single vessel. What concept of insu...