TEXAS ALL LINES ADJUSTER EXAM LATEST

TEXAS ALL LINES ADJUSTER EXAM LATEST

CORRECT ANSWERS (VERIFIED ANSWERS)

|ALREADY GRADED A+

DP - valuation - ANSWER✔✔DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER✔✔20% of A DP - coverages (A-E) - ANSWER✔✔A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER✔✔DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER✔✔DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shrubs - ANSWER✔✔5% of A $500 per tree/shrub/plant DP - fire department service charge - ANSWER✔✔$500 1 / 4

DP - extended coverages - ANSWER✔✔windstorm, civil commotion, hail, aircraft, vehicles, volcanic eruption, explosion, riot DP - broad perils - ANSWER✔✔burglary damage, ice/snow weight, glass, accidental discharge of water/steam, falling objects, freezing, electrical, collapse, tearing apart/bulging/cracking DP-3 perils covered (dwelling & contents) - ANSWER✔✔dwelling - open contents - broad (DP-2 perils) Explain the difference between DP & HO policies. - ANSWER✔✔DP does not automatically cover theft or include liability coverage.DP - Explain the difference between limited/broad theft endorsement. - ANSWER✔✔limited - on premises only broad - on & off premises HO-2 perils (dwelling & contents) - ANSWER✔✔dwelling - named/broad contents - named/broad HO-3 perils (dwelling & contents) - ANSWER✔✔dwelling - open contents - named/broad HO-4 perils (dwelling & contents) - ANSWER✔✔dwelling - NO COVERAGE contents - named/broad HO-5 perils (dwelling & contents) - ANSWER✔✔dwelling - open contents - open HO-6 perils (dwelling & contents) - ANSWER✔✔dwelling - LIMITED named/broad 2 / 4

contents - named/broad HO-8 perils (dwelling & contents) - ANSWER✔✔dwelling - named/basic & extended contents - named/basic & extended HO - valuation - ANSWER✔✔RCV dwelling ACV content (unless endorsed) EXCEPT HO-8 - ACV dwelling & contents HO - coverages (A-F) - ANSWER✔✔A - dwelling B - other structures - 10% of A C - personal property - 50% of A D - loss of use - 30% of A E - medical payments F - liability HO - limit for personal property in self-storage - ANSWER✔✔10% of C HO - money limit - ANSWER✔✔$200 HO - securities limit - ANSWER✔✔$1,500 HO - watercraft limit (including trailers) - ANSWER✔✔$1,500 HO - trailers limit (except watercraft trailers) - ANSWER✔✔$1,500 - ON PREMISES ONLY HO - THEFT of jewelry/furs limit - ANSWER✔✔$1,500 3 / 4

HO - THEFT of firearms limit - ANSWER✔✔$2,500 HO - THEFT of silverware limit - ANSWER✔✔$2,500 HO - business personal property on premises limit - ANSWER✔✔$2,500 HO - business personal property off premises limit - ANSWER✔✔$1,500 HO - electronic vehicle equipment limit - ANSWER✔✔$1,500 HO - tapes/discs in vehicle limit - ANSWER✔✔$250 HO - standard deductible - ANSWER✔✔$500 HO - trees/shrubs/plants limit - ANSWER✔✔5% of A $500 per tree/shrub/plant HO - Property removed is covered for ___ days. - ANSWER✔✔30 HO - credit card forgery limit - ANSWER✔✔$500 HO - gravemarkers limit - ANSWER✔✔$5,000 HO - landlord's furnishings limit - ANSWER✔✔$2,500 (EXCLUDES THEFT) HO - liability minimum limit - ANSWER✔✔$100,000 HO - minimum medical payments limit - ANSWER✔✔$1,000 HO - Medical payments claim must be filed within ___. - ANSWER✔✔3 years HO - lost wages supplemental payment - ANSWER✔✔$250/day HO - limit for damage to property of others - ANSWER✔✔$1,000

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