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TX ADJUSTER TEST (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score
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TX ADJUSTER TEST.pdf file:///C:/Users/HP/Desktop/New%20fl/TX%20ADJUSTER%20TESTTX ADJUSTER TEST Actual Questions & Answers
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1. While investigating a claim, you determine that the loss was caused by a
defective mechanism in the dishwasher.You would attempt
to ?
Answer Subrogate Subrogation is the right for an insur- er to legally pursue a third party that
caused an insurance loss to the insured. This is done as a means of recovering the amount of
the claim paid by the insurance carrier to the insured for the loss.
2. What is the process when an insurer and an insured have a dispute regard- ing the
amount of damage?
Answer Appraisal
3. is a significant
misstatement in an application form. If a company had access to the correct information
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at the time of application, the company might not have agreed to accept the application.
Answer Material Misrepresentation
4. As an adjuster, you should base depreciation on these three factors?
Answer Age, Condition and Life Expectancy
5. An is a person hired by the property owner to settle the claim
with insurance company on their behalf.
Answer Umpire
6. This type of policy provides coverage only for those perils that are listed in the policy?
Answer HO-A
7. are extra charges covered by homeowner's policies
over and above the policyholder's customary living expenses.
Answer Addi- tional Living Expenses
8. is an event that results in an insured loss/dam- ages?
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Answer Occurrence
9. What is value of your property, based on the current cost to replace it, minus
depreciation?
Answer Actual Cash Value
10. Expenses that have already sustained and that have not yet been paid are known as .
Answer Incurred Expenses
11. is the part of the written insurance policy
that states all the policy's specific's, including the name of the policy- holder, the type of
property insured, the premiums, and the term limits for the coverage.
Answer Declarations Page
12. What is the failure to use that degree of care which an ordinary person of reasonable
prudence would use under similar circumstances?
Answer Negligence
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