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USAA P&C Insurance Adjuster EXAM QUESTIONS CORRECTLY ANSWERED Perils - ANSWER Causes of loss identified in the policy (Fire, lightening, internal explosion ,Wind, Hail, Collision) Hazard - ANSWER Condition that create or increases the chance or loss or contributes to the loss Physical Hazard - ANSWER Visible ( operational features of a risk) Moral Hazard - ANSWER Intentional dishonesty or illegal actions of a person (arson) Morale Hazard - ANSWER Carelessness or indifference ( attitud...

USAA Auto Insurance Terms EXAM QUESTIONS CORRECTLY ANSWERED New York USAA EXAM QUESTIONS CORRECTLY ANSWERED Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - ANSWER I only is correct. Explanation: Watercraft policies are designed to cover boats used primarily on fresh water streams and lakes. It is a package policy providing several coverages including hull, mo...

Insurance - Transfer of risk from one person or organization to an insurance company Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance Binder - Temporary insurance contr...

Chapter 2 USAA Exam Questions and Answers (Graded A) Chapter 2 USAA Exam Questions and Answers (Graded A) Chapter 2 USAA Exam Questions and Answers (Graded A) Chapter 2 USAA Exam Questions and Answers (Graded A) Accident - ANSWER-A sudden unforeseen, unintended and unplanned event from which loss or damage results. occurance - ANSWER-An accident includes continuous or repeated exposure to the same general harmful conditions. Cancellation - ANSWER-Termination of a policy, by...

USAA Exam Questions and Answers (Graded A)USAA Exam Questions and Answers (Graded A)USAA Exam Questions and Answers (Graded A)USAA Exam Questions and Answers (Graded A) 3 basic steps of claims investigation - ANSWER-verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports - ANSWER-initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report w...

USAA Exam Questions With 100% Correct Answers 2024

USAA Exam Questions with Correct Answers 3 basic steps of claims investigation - Answer-verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports - Answer-initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims - Answer-Time and Material method Unit cost method In Texas, the signed ...