New york auto - Study guides, Class notes & Summaries

NEW YORK AUTO APPRAISERS PRACTICE TEST 100 QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK|NEW|REVISED

All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: - To produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim. When a homeowners policy has been in effect for 60 days in New York, an insurer...

New York Auto Adjuster Prep Questions And Answers With Latest Quiz New York Auto Adjuster Prep Questions And Answers With Latest Quiz

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

NEW YORK AUTO EXAM 17-66 STUDY GUIDE WITH 100% CORRECT ANSWERS All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: - answer to produce notes that will support a fraudulent denial of claims. The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim.

New York Auto Appraisers Practice Test with 100% Verified Correct Answers Total losses are reported to : - Correct Answer NICB What does LKQ stand for? - Correct Answer Parts of Like Kind and Quality What is meant by the term non-OEM - Correct Answer Parts that were not made by the original manufacturer. If parties are in disagreement regarding a claim, how it is settled? - Correct Answer With an umpire and/or through the courts. What is an appraiser prohibited from performing? - Co...

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trunk floor The quarter panels The frame rails The frame rails In auto p...

In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and other pertinent information for a period of: - The law requires that these records be maintained for inspection and/or review for at least six years. Which of the following relieves the financial burden on the claimant by making certain payments to the claimant even before the claim is negotiated? - Advance Payment. EXPLANATION: Most adjusters are given the authority to make advance paymen...

In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and other pertinent information for a period of: - The law requires that these records be maintained for inspection and/or review for at least six years. Which of the following relieves the financial burden on the claimant by making certain payments to the claimant even before the claim is negotiated? - Advance Payment. EXPLANATION: Most adjusters are given the authority to make advance paymen...

New York Auto Exam 17-66 Study Questions With 100% Correct Answers.