Named driver exclusion - Study guides, Class notes & Summaries

Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit correct answers One limit per occurrence is what we pay up to Split limit correct answers What we pay up to per person and per occurrence Deductible correct answers What the customer will have to pay; we cover everything else Declarations Page (Dec Page) correct answers The basic information about a policy: Who - names of insurer and in...

Smart Exam Assignment 1 Questions & Answers 2023/2024 Eddie and Janet Orr are married and have a Personal Auto Policy (PAP). Eddie's name is the only one listed on the declarations page of the policy. Janet is concerned because she thinks both their names should appear since they each own vehicles. Which one of the following is true? - ANSWER-The policy can be written in Eddie's name, Janet's name, or both Eddie's and Janet's names. Liana insured her car with a Personal Auto Policy ...

1 PROPERTY AND CASUALTY REVIEW EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A unique exclusion that is found only in the Fine Art Floater is: Correct Answer: Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? Correct Answer: Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the ...

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...

100% CORRECT QUESTIONS AND ANSWERS FOR CLAIMS ADJUSTER 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 Deductible - CORRECT ANSWER-What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - CORRECT ANSWER-The...

Claims Adjuster Exam 1 With 100% Correct And Verified Answers

Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit One limit per occurrence is what we pay up to Split limit What we pay up to per person and per occurrence Deductible What the customer will have to pay; we cover everything else Declarations Page (Dec Page) The basic information about a policy: Who - names of insurer and insured What - description of insured property Where - address and legal description...

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 Deductible - Correct answer-What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Correct answer-The basic information about a policy: Who - names of insurer and ins...

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 Deductible Correct Answer: What the customer will have to pay; we cover everything else Declarations Page (Dec Page) Correct Answer: The basic information about a policy: Who - names of insurer and insured ...

1 AIC 302 SIMULATED EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include Correct Answer: A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in ch...