Insurance adjuster - Study guides, Class notes & Summaries

INSURANCE ADJUSTER EXAM 2024 WITH 100% ACCURATE SOLUTIONS Which kind of losses are covered under a standard fire policy? - correct answer Direct All fires are not covered by the Standard Fire policies, only those that: - correct answer are hostile and have a flame or glow At what time does a fire policy go into affect? - correct answer 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire cau...

INSURANCE ADJUSTER EXAM 2024 WITH 100% ACCURATE SOLUTIONS Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? Coverage B Coverage A Coverage D

Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged ...

Adjuster Pro - Insurance Adjuster Test Questions and Answers Already Passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims ...

Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers What is insurance? - Correct Answer protection against financial loss what is a premium - Correct Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Correct Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Correct Answer the insurer collect...

Insurance Adjuster Exam Questions and Answers Already Passed Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the max...

Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...

UTAH Property Casualty Insurance Adjuster Exam Questions And Answers UTAH Property Casualty Insurance Adjuster Exam Questions And Answers

NY Insurance Adjuster Verified Questions And Answers With Complete Quiz NY Insurance Adjuster Verified Questions And Answers With Complete Quiz