Exam (elaborations)
ADJUSTERPRO EXAM QUESTIONS AND ANSWERS 2024
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ADJUSTERPRO EXAM QUESTIONS AND ANSWERS 2024
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ADJUSTERPRO EXAMDiana is insured under a DP-2 policy with the following coverage limits: Coverage
A - $150,000, Coverage B - $15,000, and Coverage C - $25,000. She and her fiancé
have planned a destination wedding, but their hotel catches fire shortly after their
arrival. Smoke from the fire damages all of their belongings, including Diana's
$4,000 wedding dress. Diana's loss totals $5,200. When she files a claim with her
insurance company, how much can she expect to receive for this loss under her
DP-2 (ignoring any deductible)? - ANSWERS-A. $5,200
B. $0
C. $2,500
D. $1,500
Answer: C
Which of the following is NOT eligible for Dwelling coverage? - ANSWERS-A. A
single-family home that is wholly rented out
B. A mobile home on a permanent foundation
C. A duplex owned by a corporation
D. An 8-unit apartment building in which the owner resides
Answer: D
,Stephanie owns a house that she rents out for $2,500 a month. A massive kitchen
fire forces her tenants to move out while the interior is overhauled. After two
months, the repairs are complete, and Stephanie contacts her tenants, only to
find that they've found a new place to live. It takes Stephanie another month and
a half to find new tenants. Assuming that Stephanie had a $100,000 DP-2 policy,
what is the maximum amount she could receive for lost rental income under
Coverage D? - ANSWERS-A. $8,750
B. $2,500
C. $7,500
D. $5,000
Answer: D
Bonnie's PAP includes Comprehensive coverage. Which of the following losses
could this coverage pay for? - ANSWERS-A. Bonnie rear-ends another vehicle.
B. Bonnie's car catches fire.
C. Bonnie rolls her vehicle in a one-car accident.
D. Bonnie's car breaks down due to an engine malfunction.
Answer: B
Under which circumstances may an insurer cancel a policy after 60 days with
sufficient notice? - ANSWERS-A. If the policyholder causes an accident
B. If the policyholder files 2 or more claims within 30 days
,C. If the policyholder has his driver's license suspended or revoked
D. If the policyholder receives a speeding ticket
Answer: C
In a Personal Auto Policy, deductibles are applied on a/an ________ basis. -
ANSWERS-A. per insured
B. per claim
C. aggregate
D. per vehicle
Answer: B
Hank has collision coverage with a $2,000 deductible on his 2010 truck. One dark,
rainy night, Hank's truck slips off the road and rolls over down the embankment.
The truck sustains $45,000 in damages, but the actual cash value of the vehicle is
only $25,000. Which of the following statements is TRUE? - ANSWERS-A. Hank will
be indemnified by his insurer for $25,000.
B. Hank will be indemnified by his insurer for $43,000.
C. Collision coverage will not indemnify Hank for this accident.
D. Hank will be indemnified by his insurer for $23,000.
Answer: D
, UM/UIM coverage excludes: - ANSWERS-A. government vehicles.
B. any auto with liability insurance.
C. hit-and-run accidents.
D. pedestrians.
Answer: A
Matthew works for Barry John Coal Company. One day, when all the work trucks
are busy, Matthew's boss asks him to use his own truck to deliver a load of coal to
a customer. On the way, Matt gets distracted looking at directions and swerves
into oncoming traffic, causing a serious accident. Why might Matt's PAP liability
insurer deny coverage for the damage Matt caused? - ANSWERS-A. Matt's
accident occurred during employment-related activities, so it will be covered by
the employer's liability policy.
B. Matt didn't have the commercial license necessary to use his truck for work
purposes.
C. Matt's accident occurred while he was hauling a heavy load, thereby excluding
it from coverage.
D. Matt broke the law when he drove distracted, making him at fault for the
accident.
Answer: A
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