California Adjuster PSI Exam Questions and Answers (100% CORRECT ANSWERs)

California Adjuster PSI Exam Questions
and Answers (100% CORRECT
ANSWERs)
Question 1:
Other structures are excluded from coverage under the HO-3
when they are:
Smaller than 100 square feet or larger than 1,000 square feet
Smaller than 100 square feet or larger than 500 square feet
Used for storage purposes
Used for business purposes
CORRECT ANSWER: Used for business purposes
EXPLANATION:
When the other structures are used for business purposes they
are not covered under the homeowner form. This structure
and its contents could be covered under a commercial
property policy. An exception would be a detached structure
used to store business property of a non-flammable, nongaseous nature.
Question 2:
An insurance company must give how many days notice of
cancellation for a vacancy of more than 60 days, when the
government has ordered demolition, or when fixed items are
being removed and not replaced?
5
21
10
30
CORRECT ANSWER: 5

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