Insurance Adjuster Exam 2023 |Bundle |

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 tim...

Accumulated Depreciation CORRECT ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) CORRECT ANSWER A valuation method used by insurers to reflect an item's current market value right before being dama...

Insurance Adjuster CORRECT ANSWER Any person who, as an independent contractor, or as an employee of an independent contractor, adjustment bureau, association, insurance company or corporation, local recording agent, managing general agent, or self-insured, investigates or adjusts losses on behalf o...

Under the farm forms, the maximum amount payable for a loss to a satellite dish is: CORRECT ANSWER The correct answer is: $1,000.. The State Insurance Fund provides workers compensation coverage for which of the following? CORRECT ANSWER The fund is for both those employers unable to obtain cover...

On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need ...