Adjuster pro exam - Study guides, Class notes & Summaries

Adjuster Pro Exam 2024

Adjuster Pro Exam Prep With 100% Correct Answers 2024 Common law is based upon court decisions and customs. cause of loss or damage peril Jim owns a home valued at $187,500, but he only has a $100,000 homeowner's policy and is underinsured. During a storm, lightning strikes Jim's home causing $45,000 in damages. The insurer decides to invoke a coinsurance penalty. How much will Jim be required to pay for the penalty? The coinsurance requirement of 80% means that Jim should have maintai...

John is doing some lawn maintenance using a steel blade on his weed-whacker. He fails to properly tighten the blade and it comes loose while he is trimming some tall grass at the edge of his property. The blade flies off towards his neighbor's house and crashes into the HVAC unit, severing the lines and effectively destroying the unit. Which coverage in John's homeowners policy might pay for the damage he caused to his neighbor's HVAC system? A. Coverage E - Personal Liability B. Coverage...

Insurance Correct Answer transfer of risk Insurance Correct Answer transfer of risk Accident Insurance Correct Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation Correct Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation...

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ADJUSTER PRO EXAM 2024 UPDATE: QUESTIONS WITH CORRECT SOLUTIONS

Adjuster PRO Exam Questions and Answers 2024 The term "jurisdiction" means: A. The body of law that addresses and provides remedies for any civil wrongdoing performed on another party B. The authority of a court or judge to hear a case and to make a judgment C. The designation of a geographic area over which a particular court has jurisdiction D. When all the facts of a civil case are heard, and a judge makes the final decision about the court case -Answer-B. The authority of a court or...

ADJUSTER Pro Exam With Revised Answers 100% Correct!! Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - -Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - - It automatically covers wind and vandalism. Which of the following refers to being restored to the financial condition yo...