Dp valuation - Study guides, Class notes & Summaries

Alabama Property and Casualty Insurance Questions and Answers Graded A 2 reasons - No Flood Catastophic, adverse selection Watercraft Policy Open cockpit, 26 feet or less in length Absolute Liabilty Strong Liklihood of harming others Intervening Cause Disruption in chain of events Negligence LBPD - Legal Duty Owed, Breach of Legal Duty, Proximate Cause, and Damages. 25 mph What is the maximum horesepower a boat can have and be covered under a H.O. Policy Personal Liability Coverage Single ...

Protect the property from further loss - ANSWER Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. - ANSWER A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison? $50,000. - ANSWER If the New York Superintendent levies five civil penalties against a licensed ...

Missed PSI Exam - Property & Casualty Verified Answers Federal Crop Insurance is a type of insurance sometimes called which one of the following? residual market insurance Homeowner Form HO-2 provides coverage for loss of appliances, carpeting, and other household furnishings for a maximum of how much? $2,500 All of the following are the most commonly used personal inland marine forms EXCEPT builder's floater form. What is the purpose of the causes of loss form that lists specific...

Iowa Personal Lines Latest Update Graded A+ DP-1 Basic Form Dwelling Policy: Provides coverage on a named peril basis. DP-1 Losses are paid actual cash value Extended Coverage Perils W.C. SHAVVER: Wind, Civil Commotion, Smoke, Hail, Aircraft, Vehicles, Volcanic Eruption, Explosion, and Riot DP-2 Broad Form Dwelling Policy: Provides replacement cost coverage on dwellings & buildings on a "named peril" basis, contents are actual cash value Uninsurable (excluded) losses Under the open- peril ...

Protect the property from further loss Correct Answer Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. Correct Answer A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison? $50,000. Correct Answer If the New York Superintendent levies five civil penalties a...

Florida Claims Adjuster Exam 2 | 206 Questions with 100% Correct Answers already passed 2023/2024/2025 Severability - CORRECT ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - CORRECT ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - CORRECT ANSWER One wherein economic loss would be suffered f...

Florida Claims Adjuster Exam QUESTIONS WITH VERIFIED 100% ANSWERS Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization -...

Texas All Lines Adjuster Exam Questions with complete solutions /Latest Update 2024( A+ GRADED 100% VERIFIED).

Texas All Lines Adjuster Exam; Questions & Answers (Grade A+) DP - valuation Correct Answer-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value Correct Answer-20% of A DP - coverages (A-E) Correct Answer-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense

ADJUSTER PRO PRACTICE EXAM TEST DUE ON 2023-2024 John is doing some lawn maintenance using a steel blade on his weed-whacker. He fails to properly tighten the blade and it comes loose while he is trimming some tall grass at the edge of his property. The blade flies off towards his neighbor's house and crashes into the HVAC unit, severing the lines and effectively destroying the unit. Which coverage in John's homeowners policy might pay for the damage he caused to his neighbor's H...