Named driver exclusion - Study guides, Class notes & Summaries

Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit correct answers One limit per occurrence is what we pay up to Split limit correct answers What we pay up to per person and per occurrence Deductible correct answers What the customer will have to pay; we cover everything else Declarations Page (Dec Page) correct answers The basic information about a policy: Who - names of insurer and in...

100% CORRECT QUESTIONS AND ANSWERS FOR CLAIMS ADJUSTER Actual Cash Value (ACV) - CORRECT ANSWER-Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - CORRECT ANSWER-One limit per occurrence is what we pay up to Split limit - CORRECT ANSWER-What we pay up to per person and per occurrence Deductible - CORRECT ANSWER-What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - CORRECT ANSWER-The...

1 PROPERTY AND CASUALTY REVIEW EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A unique exclusion that is found only in the Fine Art Floater is: Correct Answer: Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? Correct Answer: Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the ...

Actual Cash Value (ACV) - Correct Answer Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct Answer One limit per occurrence is what we pay up to Split limit - Correct Answer What we pay up to per person and per occurrence Deductible - Correct Answer What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Correct Answer The basic information about a policy: Who - names of insurer a...

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit One limit per occurrence is what we pay up to Split limit What we pay up to per person and per occurrence Deductible What the customer will have to pay; we cover everything else Declarations Page (Dec Page) The basic information about a policy: Who - names of insurer and insured What - description of insured...

Florida Claims Adjuster Exam Review (6-20 All Lines Adjuster) 2023 EXAM QUESTIONS AND ANSWERS LATEST UPDATE Peril (Ans- Something that causes a loss. Hazard (Ans- Something that increases the probability that a loss will occur. Warranty (Ans- A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation (Ans- An untrue statement by the insured, made in an application for insurance but which d...

PROPERTY AND CASUALTY INSURANCE EXAM WITH VERIFIED ANSWERS 1. Specific insur- ance 2. Blanket insur- ance This type of insurance designates a particular item to be insured This type of insurance covers more than one item of property at a single location or one more items of prop- erty at multiple locations. 3. Speculative possibility of both gain and loss. Not insurable. 4. Pure only the possibility of loss. Insurable. 5. What are the 5 methods of man- aging or handling risk? avo...

Claims Adjuster Exam 1 With 100% Correct And Verified Answers

1 AIC 302 SIMULATED EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include Correct Answer: A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in ch...