Texas Adjuster Exam Questions And Answers100%Solved Rated A+
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Texas all lines adjuster
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Texas All Lines Adjuster
Texas Adjuster Exam Questions And Answers100%Solved Rated A+
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer...$30,000
Which of the following statement...
All Lines Adjuster Exam Questions With
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The insured has filed a claim under the "Business Income Department Properties -
Broad Form" because the primary buyer of products and services from the business has
filed for bankruptcy under this form the primary buyers business would be known as -
correct answer...✔✔A recipient location
recipient location - correct answer...✔✔Businesses who support insured by being the
primary buyer for their products
HO-3 (special form) - correct answer...✔✔covers the dwelling and other structures on a
risk-of-direct-physical loss basis. All direct physical losses are covered except those
losses specifically excluded. Personal property is covered on a named perils basis
HO-5 Comprehensive Form - correct answer...✔✔provides open perils coverage ("all-
risks coverage") on the dwelling, other structures and personal property.
HO-2 (broad form) - correct answer...✔✔covers the dwelling, other structures, and
personal property on a named perils basis
HO-4 (contents broad form) - correct answer...✔✔Only covers a tenant's personal
property on a named perils basis
The dwelling is insured for 200,000 under DP-2 dwelling policy how much coverage
applies to the barn? - correct answer...✔✔Nothing farm property are not eligible under
the dwelling policy.
A Covered Auto includes those vehicle(s) listed on the Declarations, plus any trailers or
wagons owned by the Named Insured, any newly acquired vehicles, and any vehicle
used as a _________. - correct answer...✔✔Temporary Substitute Auto
The covered auto is defined in the policy as all of the following EXCEPT:
A) any additional auto acquired in the past 30 days.
B) any auto shown in the declarations.
C) any auto used as a temporary substitute while an insured auto is being repaired.
D) any trailer owned by the insured or spouse. - correct answer...✔✔Answer: A
AGRADESOLUTIONS
,An additional auto acquired during the policy period is considered a covered auto.
However, some restrictions do apply. For example, if the newly acquired auto is in
addition to any vehicle shown on the declarations, it must be insured within 14 days of
the purchase date. If it replaces one of the cars, the insured does not need to add it
during that policy period.
Coverage F on homeowners policy provides - correct answer...✔✔Medical payments to
others; pays all necessary medical expenses for up to three years after an accident.
Coverage F: Medical Payments to Others - correct answer...✔✔Does not apply to the
insured or members of the insured's household
Not liability coverage and is not base on fault
An insured has taken inventory of his merchandise and discovers a substantial shortage
of valuable stock. He submits a claim to his insurance carrier that provides his coverage
under a Business Owners Policy. What coverage is provided by the BOP? - correct
answer...✔✔No coverage would apply, there is no coverage for missing property when
there is no physical evidence to show cause of loss
Arbitration (ADR) - correct answer...✔✔Neutral third party hears a dispute and makes a
decision both parties have agreed to follow.
Mediation - correct answer...✔✔A method of settling disputes outside of court by using
the services of a neutral third party, called a mediator. The mediator acts as a
communicating agent between the parties and suggests ways in which the parties can
resolve their dispute. Not binding.
Difference between Arbitration and Meditation? - correct answer...✔✔Mediation is not
binding, Arbitration is.
Mediation-Arbitration - correct answer...✔✔If the parties cannot reach a settlement
through mediation, an arbitrator will resolve the dispute.
The building and personal property coverage form provides coverage for outdoor signs -
correct answer...✔✔Whether attached to the building or not for up to 2,500 if damaged
by a peril insured against.
Building and Personal Property Coverage Form - correct answer...✔✔Commercial
Property coverage form that covers buildings, the insured's business personal property,
and the personal property of others located at the business premises
Foreseeability Test - correct answer...✔✔To determine if the defendant's conduct was
the proximate cause of the plaintiff's injury, the court applies
AGRADESOLUTIONS
, Foreseeability - correct answer...✔✔excludes liability for harms that were sufficiently
unforeseeable at the time of the defendant's tortious conduct.
Purpose of freight insurance - correct answer...✔✔Covers shipper fees
Freight Insurance - correct answer...✔✔indemnifies the ship owner for the loss of
earnings if the goods are damaged or lost and are not delivered. Shipper Fees.
Freight Insurance - correct answer...✔✔insures that shipowner will receive payment for
transportation charges.
What perils are covered on the basic form peril of the Homeowners Policy - correct
answer...✔✔fire, lightning, smoke, windstorm, hurricane, hail, explosion, aircraft and
vehicles, vandalism, riot and civil commotion, theft, and premises liability.
What perils are covered under the broad from Homeowners Policy - correct answer...✔
✔include basic perils plus falling objects; weight of ice, sleet, or snow; freezing pipes;
and some coverage for sudden and accidental water discharge.
Exclusions to Homeowners policy - correct answer...✔✔earthquakes;
termites, rats;
freezing pipes while your house is unoccupied;
losses if your house is vacant for the number of days specified by your policy;
wear and tear or maintenance; wind or hail damage to trees and shrubs; mold, except
necessary costs to repair or replace property damage caused by a covered water loss;
and water damage resulting from continuous and repeated leakage or seepage.
Landlord's furnishing - correct answer...✔✔Is not additional coverage and doesn't
insurance the limits of the policy
Power to bind means - correct answer...✔✔The principal is bound to the decisions of
the adjuster
RVC (replacement cost value) - correct answer...✔✔The cost to replace the property
on the same premises with other property of comparable material and quality used for
the same purpose
DP-3 Special Form - correct answer...✔✔Under this Dwelling coverage form: dwelling
and other structures are covered for all direct physical damage (open peril), except for
perils specifically excluded..
In a surety bonding third-party contract, who is the principal? - correct answer...✔✔the
party whose performance is guaranteed by the obligor. in a contract between the surety
and the constructor [construction company], the principal is the constructor. in a contract
between the surety and a subcontractor, the principal is the subcontractor (#6, 16)
AGRADESOLUTIONS
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