Additional living expense - Study guides, Class notes & Summaries

What is a peril? - Answer A Peril is a cause of loss What is a hazard? - Answer Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Answer Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Answer Retention (loss or portion of loss) If a fire causes damage to a building, what is the fire considered? - Answer A Peril What are the ele...

2022/2023 Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS 1. PERILS: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CON- TRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILD- ING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 2. LAW OF LARGE NUMBERS: A FUNDAMENTAL CONCEPT IN STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOM- LY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RE- LIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PRE- DICTAB...

Texas All Lines Adjuster ExamDP - valuation - correct answer DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - correct answer 20% of A DP - coverages (A-E) - correct answer A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - correct answer DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - correct an...

Texas All Lines Adjuster Exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ DP - valuation - CORRECT ANSWER DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - CORRECT ANSWER 20% of A DP - coverages (A-E) - CORRECT ANSWER A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - CORRECT ANSWER DP-...

One of the following policies covers Mobile Homes: a. Dp-1 b. Dp-2 c. Dp-3 d. Ho-4 - Answer a. Dp-1 On a dwelling policy, personal property would be covered at: a. ACV b. Replacement Cost c. Not covered d. 80% of Value - Answer a. ACV DP-1 would cover all of the following without endorsement except: a. other structures b. personal property c. rental value d. additional living expense - Answer d. additional living expense One of the following would be covered on...

state farm property exam (Mamas Test)| Answered 100% Correctly| Updated under an FP-7955 policy, deductibles apply to which of the following types of losses. B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? B. False Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...

Property Insurance Practice Exam Questions and Answers 100% Pass One of the following policies covers Mobile Homes: a. Dp-1 b. Dp-2 c. Dp-3 d. Ho-4 - Correct Answer ️️ -a. Dp-1 On a dwelling policy, personal property would be covered at: a. ACV b. Replacement Cost c. Not covered d. 80% of Value - Correct Answer ️️ -a. ACV DP-1 would cover all of the following without endorsement except: a. other structures b. personal property c. rental value d. additional living expense ...

Mary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. The damage is significant and Mary will have to move out while it is being repaired. Which tenants policy section will cover the cost of providing her with a temporary place to live? Select one: a. Property contents b. Additional living expenses c. Accident benefits d. Liability insurance - Answer-b. Additional living expenses. Similar to homeowners' insurance, a tenants policy carries...

Texas All Lines Adjuster Exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ DP - valuation - CORRECT ANSWER DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - CORRECT ANSWER 20% of A DP - coverages (A-E) - CORRECT ANSWER A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - CORRECT ANSWER DP-...

bioethics correct answer: The study of ethics related to issues that arise in health care. ethics correct answer: sustained and intentional reflection on morality and the moral life with analysis, discontent, reasoning, and arguments moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their custom utilitarianism correct answer: 1 fundamental moral good-to maximize outcomes of ...