Claims Adjuster Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Questions and Answers Rated A+ Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Answer ️️ -D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment...

PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS Program Trigger for terrorist acts must cause a collective damage in excess of? - Answer ️️ -• $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - Answer ️️ -• F General Average - Answer ️️ -• Loss shared by all parties Particular Average - Answer ️️ -• Only one party shares in the loss. In a home owner policy there is no deductible for - Answer ️️ -• Liability Coverag...

Claims Adjuster Questions and Answers 100% Pass Insurance - Answer ️️ --an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Answer ️️ --the fee paid by the insured in exchange for insurance Principle of Indemnity - Answer ️️ --the insurer should be restored to where they were before the incident -no profit can be made Idemnification - Answer ️️ --to compensate for loss or damage; to provide security ...

Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? - Answer ️️ -Direct All fires are not covered by the Standard Fire policies, only those that: - Answer ️️ -are hostile and have a flame or glow At what time does a fire policy go into affect? - 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 causes $10,000...

TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer ️️ -While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - An...

Claims Adjuster Exam Questions and Answers Already Passed Multi Peril-Package - Answer ️️ -Any policy which provides property & liability coverage (not homeowner) ISO policy - Answer ️️ -Sold in Texas, but not Texas form Only Texas DP 1 - Answer ️️ -Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Answer ️️ -Granddaddy of all Texas property policies Business auto coverage e.g. - Answer ️️ -Owner of a taxi to cover collision damage...

CLAIMS ADJUSTER FINAL (MULTIPLE CHOICE QUESTIONS)

Florida Test Study Guide - Public Adjusting 3-20 (Set 1)

Florida 3-20 Public Adjusters State Exam (Set 1)

Florida 6-20 All Lines Adjuster Test