Super-Duper Texas Adjuster License Test Review 3000
Questions and Answers
Homeowners Policy: What are the 7 types of personal property that are not
... [Show More] covered in
an unendorsed homeowners policy? - ANS-(1) Any articles separately described and
specifically insured by this or other insurance
(2) Animals, birds, or fish
(3) Money, coins, securities, credit cards
(4) Trailers, semi-trailers, or mobile homes
(5) aircraft & parts
(6) watercraft
(7) Property of roomers or tenants
Homeowners Policy: What are the coverage limits of "Loss of Use" coverage for a HO-A
policy? - ANS-10% of Coverage A - additional insurance
Homeowners Policy: What are the coverage limits of "loss of use" coverage for a HO-B
& HO-C policy? - ANS-20% of Coverage A -- additional insurance
Homeowners Policy: What are the covered perils in a HO-A policy - ANSWCSHAVVER, V/MM, Fire & Lightning and Theft
Homeowners Policy: What are the following coverages for a homeowners policy? -
ANS-Coverage A: Dwelling / Appurtenant Structures
Coverage B: Personal Property (Contents)
Coverage C: Personal Liability
Coverage D: Medical Payments to Others
Homeowners Policy: What coverage in a homeowners policy covers an above ground
swimming pool? - ANS-Coverage B - personal property / contents. Since an aboveground pool can be moved, it is considered personal property.
Homeowners Policy: What coverage in a homeowners policy covers wall-to-wall
carpeting? - ANS-Coverage A -- Dwelling
Homeowners Policy: What happens to the obligation of the insurer when the insured
has filed for bankruptcy? - ANS-The insurer is still liable to fulfill their responsibilities
even if the insured or the insured's estate files for bankruptcy.
Homeowners Policy: What is Scheduled Personal Property (Personal Article Floater) -
ANS-replaces coverage of all items listed in the endorsement. Also note that it is not
additional coverage.
Homeowners Policy: What is the limit of liability for business personal property of an
insured? - ANS-$2,500, but it does not cover any business property that consists of
Super-Duper Texas Adjuster License Test Review 3000
Questions and Answers
samples or articles for sale or delivery it also does not cover any business personal
property that is away from the residence premises
Super-Duper Texas Adjuster License Test Review 3000
Questions and Answers
Adjusting losses: All recorded statements that are gathered as evidence to help an
adjuster settle a claim, must be _____________________ by the subjects in order to be
valid as evidence - ANS-expressly permitted
Adjusting losses: are the 4 ways to gather evidence that are noted in the course? -
ANS-(1) Document everything in writing (2) Take Photos (3) Take Samples (4) Witness
statements
Adjusting losses: Can an adjuster be personally sued by an insured for unfair claims
practices? - ANS-yes.
Adjusting losses: During a catastrophic situation, the insurance company must
acknowledge receipt of a claim within _________ - ANS-30 Days
Adjusting losses: Someone who is acting in the best interest of the principle, acting
without self-interest and avoiding self-advancement at the expense of the represented
party is said to be a _________________ - ANS-fiduciary agent
Adjusting losses: The insurance company's initial contact with the insured should be
within ____ hours of receiving the claim - ANS-24
Adjusting losses: What form is required by most insurance companies when submitting
a claim for a loss? - ANS-Proof of loss form
Adjusting losses: what is initiated if the adjuster cannot get the insured to agree on the
settlement range? - ANS-A dispute resolution is initiated
Adjusting losses: What is one thing that is noted in the course that you should never
state in the claim file documentation of an insured and why? - ANS-As an adjuster you
should never state your opinion about the client or the claim in your records since these
notes are discoverable in court.
Adjusting losses: What is utmost good faith? - ANS-working with all parties with honesty
and integrity
Adjusting losses: What two things are required of the insurance company if they deny a
claim? - ANS-(1) Written notification to be insured (2) Reason for the denial must be in
the written notification.
Adjusting losses: Whose responsibility is it to prove a loss? - ANS-the burden of proof
for a loss lies with the insured
Aviation Insurance: What aviation coverage provides coverage for loss or damage to
the aircraft itself? - ANS-Hull coverag [Show Less]