Insurance adjuste - Study guides, Class notes & Summaries

Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers What is insurance? - Correct Answer protection against financial loss what is a premium - Correct Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Correct Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Correct Answer the insurer collect...

Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies ...

Insurance Adjuster Exam Questions and Answers Already Passed Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the max...

Alabama Insurance Adjuster Exam Questions and Answers Already Passed Which of the following is NOT a requirement for a legally binding contract ? It must be a notarized document Greg plays trombone in his school band during football games . During a rally song in the stands one day , Greg annoys one of the opposing team's fans , who grabs his $ 400 trombone and hurls it down the bleachers , completely destroying it . Greg's insurance pays him $ 400 to replace the trombone , but then...

GA Insurance Adjuster Course Exam Questions and Answers 100% Pass Six Special Characteristic of Insurance Contracts - Correct Answer ️️ -Personal, Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition Coverage F - Correct Answer ️️ -Medical Payments Umbrella - Correct Answer ️️ -An umbrella policy provided liability coverage over and above the normal or base limits of liability in a policy. An umbrella policy is a type of excess policy Risk Transference - Correct Answe...

What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity Master01 | October, 2024/2025 | Latest...

UTAH Property Casualty Insurance Adjuster Exam Questions And Answers UTAH Property Casualty Insurance Adjuster Exam Questions And Answers

What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. w...

NY Insurance Adjuster Verified Questions And Answers With Complete Quiz NY Insurance Adjuster Verified Questions And Answers With Complete Quiz

Contributory Negligence Insurer refuses to pay anything if the clamant was even partially liable Which of the following incidents would be a liability insurance policy cover? A man slips inside a grocery store and injuries himself While driving, sue looks down to adjust the radio and crashes the car into Jane's car, damaging both cars and injuring herself. Which of the following statements applies to sue? Sue is legally liable for the damages to Jane's car. Jim is out turkey h...