Package deal for Insurance Adjuster Test Questions with 100% Correct Answers 2023

Multi Peril-Package - Correct answer-Any policy which provides property & liability coverage (not homeowner) ISO policy - Correct answer-Sold in Texas, but not Texas form Only Texas DP 1 - Correct answer-Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Co...

Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? Coverage B Coverage A Coverage D Coverage C - Correct answer-Cov B The unfair trade practice of offering inducements for the purchase of insurance is called? controlled business ...

Actual Cash Value (ACV) - Correct answer-Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct answer-One limit per occurrence is what we pay up to Split limit - Correct answer-What we pay up to per person and per occurrence Deduct...

Insurance - Correct answer--an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Correct answer--the fee paid by the insured in exchange for insurance Principle of Indemnity - Correct answer--the insurer should be restored ...

Insurance adjuster - Correct answer-Any person who, as an independent contractor, or as an employee of an independent contractor, adjustment bureau, association, insurance company or corporation, local recording agent, managing general agent, or self-insured, investigates or adjusts losses on beh...

ACV - Correct answer-Actual Cash Value ALE - Correct answer-Additional Living Expense CE - Correct answer-Continuing Education CGL - Correct answer-Commercial General Liability CIM - Correct answer-Commercial Inland Marine COM - Correct answer-Commercial Ocean Marine CPP - Correct answer-Comme...

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 recipie...