Adjuster pro in - Study guides, Class notes & Summaries

Florida Claims Adjuster Multiple choice questions Exam | 206 Questions with 100% Correct Answers 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 lo...

Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages 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 - Correct Answer D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of...

Adjuster Pro - Insurance Adjusting Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!> 1) Ron works from home. After a kitchen fire renders his home uninhabitable, he is forced to rent an apartment in town while the repairs are made. Which type of coverage could help Ron pay the cost of renting the apartment? A. Coverage B - Other Structures B. Coverage A - Dwelling C. None D. Coverage D - Loss of Use - ANSWER D 2) John's hom...

1 FLORIDA CLAIMS ADJUSTER EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ 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 p...

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 contract. Means that one party (the insurer) sets the terms, and the other ...

ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED. Accumulated Depreciation 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) 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 One of the characteristics of an insurance contract. Means that one party (th...

ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED. Accumulated Depreciation 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) 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 One of the characteristics of an insurance contract. Means that one party (th...

USAA P&C Insurance Adjuster Exam Already Passed Perils Causes of loss identified in the policy (Fire, lightening, internal explosion ,Wind, Hail, Collision) Hazard Condition that create or increases the chance or loss or contributes to the loss Physical Hazard Visible ( operational features of a risk) Moral Hazard Intentional dishonesty or illegal actions of a person (arson) Morale Hazard Carelessness or indifference ( attitude). Takes additional risks (negligence) Pure Ris...

ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Accumulated Depreciation 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) 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 One of the characteristics of an insurance contra...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Questions with Correct Answers Commercial Property Floater - Answer-A means of protecting a business' property that is not in one fixed location. Common Law - Answer-Based on court decisions and customs when statutory law does not provide an answer; creates precedent. Compensatory Damages - Answer-Money awarded in civil court for tangible and intangible damages caused by a policyholder Compensatory damages -Special - Answer-Mon...