Pro adjuster - Study guides, Class notes & Summaries

INDIANA PRO ADJUSTER EXAM 2024 | ACCURATE CURRENTLY TESTING EXAM QUESTIONS AND ANSWERS | VERIFIED AND ACCURATE FOR GUARANTEED PASS | LATEST UPDATE WITH A STUDY GUIDE AT THE END

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 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...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

INDIANA PRO ADJUSTER EXAM 2024 | ACCURATE CURRENTLY TESTING EXAM QUESTIONS AND ANSWERS | VERIFIED AND ACCURATE FOR GUARANTEED PASS | LATEST UPDATE WITH A STUDY GUIDE AT THE END

Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS | 2024

INDIANA PRO ADJUSTER ACTUAL EXAM TEST BANK , PRACTICE EXAM AND STUDY GUIDE ALL QUESTION AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED HIGHLY RECOMMENDED BY EXPERTS | NEW AND REVISED

INDIANA PRO ADJUSTER ACTUAL EXAM TEST BANK , PRACTICE EXAM AND STUDY GUIDE ALL QUESTION AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED HIGHLY RECOMMENDED BY EXPERTS | NEW AND REVISED

Florida Claims Adjuster Exam Questions with Correct Answers 1 / 36 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy.The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is ma...

ADJUSTER PRO EXAM WITH REVISED ANSWERS || 2024