{"id":113840,"date":"2023-08-16T19:36:33","date_gmt":"2023-08-16T19:36:33","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=113840"},"modified":"2023-08-16T19:36:36","modified_gmt":"2023-08-16T19:36:36","slug":"adjuster-pro-insurance-adjuster-test-questions-answered-2","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/16\/adjuster-pro-insurance-adjuster-test-questions-answered-2\/","title":{"rendered":"Adjuster Pro – Insurance adjuster test Questions Answered"},"content":{"rendered":"\n

Adjuster Pro – Insurance adjuster test Questions
Answered
What is insurance? – correct answer \u2705protection against financial loss
what is a premium – correct answer \u2705a scheduled amount to be paid for an
insurance policy.
What are premiums used for – correct answer \u2705premiums 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? – correct answer \u2705the insurer collects premiums from all policy
holders and uses them to pay out the claims of a few.
what is Indemnity – correct answer \u2705payment for damages, that is not
more or less than the amount caused by the damage.
principle of idemnity – correct answer \u2705insurance will pay no more or less
than the actual financial loss suffered
indemnification may also include – correct answer \u2705repairs to property<\/p>\n\n\n\n

Adjuster Pro – Insurance adjuster test Questions
Answered
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
4 Parts of Legal Contract – correct answer \u27051. Agreement<\/p>\n\n\n\n

    \n
  1. Consideration<\/li>\n\n\n\n
  2. Competent Parties<\/li>\n\n\n\n
  3. Legal Purpose
    legal contract – agreement – correct answer \u2705mutual intent by offeror and
    offeree
    six special characteristics of insurance contracts – correct answer \u27051.
    Personal<\/li>\n\n\n\n
  4. adhesion<\/li>\n\n\n\n
  5. utmost good faith<\/li>\n\n\n\n
  6. aleatory<\/li>\n\n\n\n
  7. unilateral<\/li>\n<\/ol>\n\n\n\n

    Adjuster Pro – Insurance adjuster test Questions
    Answered<\/p>\n\n\n\n

      \n
    1. conditional
      what kind of contract is an insurance policy? – correct answer \u2705Personal
      contract
      what is a contract of adhesion – correct answer \u2705the insured must accept
      the entire contract with all of its terms and conditions
      Utmost Good Faith – correct answer \u2705An obligation to act in complete
      honesty and to disclose all relevant facts.
      Aleatory Contract – correct answer \u2705a contract where the values exchanged
      may not be equal but depend on an uncertain event
      Unilateral Contract – correct answer \u2705insurance agrees that they must pay
      in event of a claim. the insured can stop paying premiums at any point.
      only the insurer has promised to perform an action.<\/li>\n<\/ol>\n\n\n\n

      Adjuster Pro – Insurance adjuster test Questions
      Answered
      Conditional Contract – correct answer \u2705A type of an agreement in which
      both parties must perform certain duties and follow rules of conduct to
      make the contract enforceable.
      Acronym for the four sections of an Insurance policy – correct answer \u2705DICE
      D – declarations page
      I – Insuring Agreement
      C- Conditions
      E – Exclusions
      Decelerations section – correct answer \u2705Always the first section –
      establishes the following
      Names of both parties
      Policy number
      Location and description of insured item
      Dates of the policy
      Amount and limit of coverage
      Deductible
      Premium
      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Adjuster Pro – Insurance adjuster test QuestionsAnsweredWhat is insurance? – correct answer \u2705protection against financial losswhat is a premium – correct answer \u2705a scheduled amount to be paid for aninsurance policy.What are premiums used for – correct answer \u2705premiums are collected intoa “pool” or “reserve to pay out claimants when needed.how can insurance companies afford […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-113840","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=113840"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113840\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=113840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=113840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=113840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}