South carolina adjuster Study guides, Class notes & Summaries

Chrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer Joint Tortfeasor Which of the following would be considered a physical hazard? A. Candice who doesn't lock the door when she leaves the house B. Patrick who doesn't wear his seat belt in the ca...

During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - Answer- A Loss Which of the following best describes a "risk," according to the insurance definition? - Answer- A potential for financial loss A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron's lawyer could invoke the doctrine of: - Answer- Res I...

The Standard Fire policy has 4 main parts. They are: - ANSWER Declarations, Insuring Agreement, Conditions, and Exclusions Coverage L in a Personal Liability Supplement provides: - ANSWER coverage for both bodily injury and property damage to a third party for which the insured is legally liable. In which section of the Standard Fire Policy would one find the following subsection titled: "Duties of the Insured after an Occurrence"? - ANSWER Conditions An unendorsed Dwelling Policy is ...

Insured that faces a liability loss expected? - ANSWERSProvide prompt notification Promptly forward to the insurer any loss notice, demand, summons, or other legal process. Assist the insurer in making a settlement. Attend the trial or other proceedings, if requested. Provide witnesses information Assume no obligation and make no payments directly to claimants Do not admit to the claim Policy Limits - ANSWERSThe maximum amount an insured may collect, or for which an insured is protecte...

Chrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - ANSWER-Joint Tortfeasor Which of the following would be considered a physical hazard? A. Candice who doesn't lock the door when she leaves the house B. Patrick who doesn't wear his seat belt in the car. ...

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Chrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer Joint Tortfeasor Which of the following would be considered a physical hazard? A. Candice who doesn't lock the door when she leaves the house B. Patrick who doesn't wear his seat belt in the ca...