Adjuster Pro: Indiana Adjuster's License - Practice Exam Questions And Answers
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Adjuster Pro: Indiana Adjuster's License -
Practice Exam Questions And Answers
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does ...
Adjuster Pro: Indiana Adjuster's License -
Practice Exam Questions And Answers
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant D
Frank owns a bakery specializing in authentic French bread. He uses two specialty ovens for his
daily production of French bread. If one of these giant ovens were to break down, it would cost
Frank's bakery a lot of money to repair, not to mention the loss of revenue caused by lower
production. On his Equipment Breakdown Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability." B
A dwelling policy would NOT be appropriate for:
, Adjuster Pro: Indiana Adjuster's License -
Practice Exam Questions And Answers
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. D
*Jane has a $150,000 homeowners policy with a 3% percentage deductible. One night, an oven
fire destroys her kitchen, causing $50,000 in damage. How much of the damage falls under
Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500 A
All of the following pieces of information can be found in the Conditions section of an insurance
policy, EXCEPT:
A. anything the insured must do for coverage to remain in effect.
B. what the insured must do in the event of a lawsuit.
, Adjuster Pro: Indiana Adjuster's License -
Practice Exam Questions And Answers
C. the insured's duties after a loss.
D. causes of loss that are not covered. D
A few weeks ago Christopher's garage was destroyed by an out-of-control motorist. Fortunately,
the motorist had sufficient liability insurance to cover the damages. However, the insurer insists
that Christopher's garage is worth far less than the appraisals he has received from contractors.
Christopher and the insurer have gone back and forth in negotiations for weeks, making little
headway. Christopher decides it's time to:
A. issue an answer for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights. C
Which of the following may be covered under an Equipment Breakdown Protection Coverage
Form?
A. Self-propelled equipment
B. Dragline, excavation, and construction equipment
C. Equipment built to operate under internal pressure or vacuum
D. Equipment used solely for therapeutic or surgical purposes C
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