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Adjusterpro Exam Questions And Answers With Verified Solutions Latest Updated 2024
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Adjusterpro Exam Questions And Answers With Verified Solutions Latest Updated 2024
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Adjusterpro Exam Questions AndAnswers With Verified Solutions Latest
Updated 2024
An insurer can rescind a policy at the policyholder does any of the following
except - ANSWER✔✔ Fails to pay premium
Frank purchased a $150,000 insurance policy for his home, which is valued at
$125,000 with the hopes of making a $25,000 profit in event his home is
destroyed. After Frank burns his house down, he falls a claim against his
homeowners policy. Assuming that Frank's policy includes an over insurance
provision, how much will his ensure indemnify Frank for his loss? - ANSWER✔✔
$0
A lightning strike causes one of the storage buildings on John's farm to burn to the
ground, headed by the fuel tanks he kept in the building. John knows he wasn't
supposed to store in if you're in the building, so he keeps that piece of information
to himself when he found a claim. John's insurer may his claim based on his: -
ANSWER✔✔ Concealment
The cancellation/non-renewal provision: - ANSWER✔✔ Why is the insurer to
provide notice before canceling your policy
The liberalization clause in an insurance policy: - ANSWER✔✔ states that any
change to a policy form that broadens coverage without increasing the premium
will automatically apply to existing policies.
Jim has to policies that cover the same risk, but they respond differently: policy X
is primary and Policy Z is excess. Policy X has a limit of $50,000 in policy Z have
a limit of $25,000. When Jim suffers an insured lost totaling $62,000, how what
each policy respond? - ANSWER✔✔
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