Who is ho 6 designed for - Study guides, Class notes & Summaries

TEXAS ALL LINES ADJUSTER EXAM 2023/2024 LATEST!! (More than 250 QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS 1. Which of the following protects against legal liability for loss or damage to baggage? ~ Answer: Cargo Liability coverage. 2. Which of the following coverages is included as "no-fault" coverage on the standardized Personal Auto policy? ~ Answer: Medical Payments and Physical Damage. 3. Which of the following types of insurance companies is a non-pro...

Under Section 1, homeowners insurance must include A. Liability coverage B. Immediate coverage C. Negligence coverage D. Property Coverage D. Property coverage An insured has a personal property replacement cost endorsement under her homeowners policy. If an expensive painting and an antique chair are stolen from the insured's home, what will the insured receive on the claim under that endorsement? A. 70% of the replacement cost B. 80% of the replacement cost C. 100% of the actual ...

What types of business are excluded from a BOP? - ANSWER-banks, auto dealers, and bars Which of the following risks is eligible for coverage under a businessowners policy? - ANSWER-Condos The authority granted to an agent through the agent's contract is referred to as - ANSWER-Express authority Which of the following dwelling policy forms primarily insures a structure on an actual cash value basis? - ANSWER-DP-1 Under the workers compensation system, who is responsible for the expen...

Florida Claims Adjuster Exam Review (6-20 All Lines Adjuster) 2023 EXAM QUESTIONS AND ANSWERS LATEST UPDATE Peril (Ans- Something that causes a loss. Hazard (Ans- Something that increases the probability that a loss will occur. Warranty (Ans- A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation (Ans- An untrue statement by the insured, made in an application for insurance but which d...

Bailee - Answer An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - Answer Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - Answer A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, according to the price a willing buye...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster-Florida Exams Questions & Answers 2023 The successful adjuster/negotiator should understand that communication includes all of thefollowing EXCEPT? Select one: A. Verbal and non-verbal messages B. Questioning C. Listening D. Decision-making - Decision-making Which of the following is not a duty of the claims adjuster? Select one: A. Investigating B. Evaluating C. Negotiating D. Counseling - Counseling The adjuster's duty to ...

Loss Sustained Form - Answer- Form that covers losses actually sustained during the policy period and discovered no later than one year after policy expiration. Fiduciary Responsibility - Answer- The legal duty of a representative to manage property in the interest of the owner. Directors and Officers Liability Insurance - Answer- This insurance is designed to pay for damages arising from wrongful acts that do not lead to property damage, bodily injury, advertising injury, or personal inju...

Bailee - Answer An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - Answer Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - Answer A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, according to the price a willing buye...

CHPA Industry Terms Exam 107 Questions with Verified Answers Additional Living Expense (ALE) Coverage - CORRECT ANSWER A type of insurance included within homeowners' policies. ALE coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses prior to the loss. For example, additional living expense insurance would cover an insured's motel bill while fire damage to the home is being repaired, ...

AINS 102 Questions & Answers 2023 HO-2 - ANS-Broad Form- Provides named perils coverage for dwellings and personal property and provides liability coverage H0-3 - ANS-Special Form- Provides open peril coverage for dwellings, named perils for personal property and liability coverage HO-4 - ANS-Contents Broad Form- Often called renters insurance, it's designed for tenants and other occupants of dwelling or apartments. It provides no dwelling coverage, but it covers personal property on...