Adjuster pro p - Study guides, Class notes & Summaries

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 Practice Exam The source of the adjusters authority - CORRECT ANSWER-In the context of insurance adjusting, who is the principal? Coverage is not negotiable - CORRECT ANSWER-When Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True - CORRECT ANSWER-True or false: assuring a claimant a policy is covered without determining the cause of loss is c...

Florida Claims Adjuster Exam QUESTIONS WITH VERIFIED 100% ANSWERS Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, TD Bank B. The Insured C. Jointly to TD Bank and Bank of America D. All listed interests - ANSWER D. All listed interests Insurance applies separately to each insured as if other insureds did not exis...

Insurers usually send denial letters Select one: A. By email to ensure prompt receipt by the insured. B. By certified mail with a return receipt requested. C. By overnight courier. D. By registered mail. -:- B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. As methods of communication evolve, it's important for claims professionals to remember that any written claims communication may be Se...

USAA P&C Insurance Adjuster Exam With 100% Correct Answers Perils - answerCauses of loss identified in the policy (Fire, lightening, internal explosion ,Wind, Hail, Collision) Hazard - answerCondition that create or increases the chance or loss or contributes to the loss Physical Hazard - answerVisible ( operational features of a risk) Moral Hazard - answerIntentional dishonesty or illegal actions of a person (arson) Morale Hazard - answerCarelessness or indifference ( attitude). Takes a...

Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - ANSWER-Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - ANSWER-It automatically covers wind and vandalism. Which of the following refers to being restored to the financial condition you were in before a loss? - ANSWER-Indemnifi...

Adjuster Pro Practice Exam

Adjuster Pro Practice Exam Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - Answer-Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - Answer-It automatically covers wind and vandalism. Which of the following refers to being restored to the financial condition you were in b...

Adjuster Pro Practice Exam Questions And Answers Well Illustrated.

USAA P&C Insurance Adjuster Exam Questions with Correct Answers Last Clear Chance Defense - Answer-If the injured party had the last clear chance to avoid the cause of a loss and did not exercise that chance his loss was caused by his own failure to act Direct Liability - Answer-Insured is the wrong door (tortforsear) Vicarious Liability - Answer-You are responsible for the actions of another causing damages to a third party Contractual Liability - Answer-L.E.A.S.E insured assumes a...