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PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS

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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...

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N.C. Claims Adjuster Exam Latest 2024 Rated A+

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N.C. Claims Adjuster Exam Latest 2024 Rated A+ Inception/Expiration Date - Answer ️️ -an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - Answer ️️ -Date of which the loss occurred Identification of parties involved - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured p...

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TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED

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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...

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Adjuster Pro - Insurance adjuster test latest 2024 already passed

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Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...

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Claims Adjuster Exam Questions and Answers Already Passed

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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...

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Claims Adjuster Exam 1 Questions and Answers Rated A+

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Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

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Insurance Adjuster Exam Questions and Answers Rated A+

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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...

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