GEORGIA CLAIMS ADJUSTER LICENSING EXAM 2026-2027 / GA CLAIMS ADJUSTER EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A+

GEORGIA CLAIMS ADJUSTER LICENSING EXAM 2026-2027 / GA CLAIMS ADJUSTER EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A+

GEORGIA CLAIMS ADJUSTER LICENSING EXAM

2026 / GA CLAIMS ADJUSTER EXAM 130 QUESTIONS

AND CORRECT DETAILED ANSWERS WITH

RATIONALES|ALREADY GRADED A+

What kind of property is not covered by flood insurance? - ANSWERBasements and underground structure (ex. septic tanks), animals,

money/accounts/bills, land, anything else covered by other policies

(motor vehicles, aircraft, watercraft)

Loss Valuation on flood insurance - ANSWER- (amount of insurance

purchased/80% Dwellings Total replacement cost) x Loss Amount

Standard deductible on flood insurance - ANSWER- $1K for Dwelling

and $1K for Content

Personal Inland Marine Insurance - ANSWER- Floaters or policies for

world-wide coverage of personal property on an open-peril basis.

Is flood excluded from Personal Inland Marine Insurance? - ANSWERNOPE. It's covered!

What are the floaters available on Personal Inland Marine Insurance? -

ANSWER- Personal Articles Floaters, Personal Property Floaters, and

Personal Effects Floaters

What perils are covered under Personal Inland Marine Insurance

floaters? - ANSWER- all; open-peril

Which PIMI floater would be appropriate for a diamond ring? Why? -

ANSWER- Personal Articles Floater - itemizes valuables such as

jewelry and furs

What is a Personal Effects Floater good for? What deductible does it

have? - ANSWER- world-wide open peril coverage of personal property

for people who are traveling - luggage, sports equipment, clothes, and

camera. NO DEDUCTIBLE.

What is a Personal Property Floater good for? What kind of limit do they

have? - ANSWER- World-wide open peril coverage of personal

property - usually for special occasions like weddings or exhibitions.

There is a blanket limit!

Does personal inland marine insurance cover flood? - ANSWER- Yes.

Somehow.

All of the following coverage is available under a Standard Flood

Insurance Policy issued by the National Flood Insurance Program

except:

a. Loss of Use

b. Dwelling

c. Personal Property

d. Removal - ANSWER- A. Loss of Use

The maximum number of days that a Standard Flood Insurance Policy

will cover property removed is:

a. 15 days

b. 20 days

c. 30 days

d. 45 days - ANSWER- d. 45 days

If the limits of insurance available under the National Flood Insurance

Program are inadequate, where can additional coverage be purchased?

a. Homeowners Flood Endorsement

b. Excess Flood Endorsement

c. Personal Umbrella Policy

d. Difference in Conditions Policy - ANSWER- d. Difference in

Conditions Policy

Define Yacht. - ANSWER- "Swim Swam" - a sailboat with an auxiliary

inboard motor.

Why does Yacht insurance get a Lay-Up warranty? - ANSWER- During

months when a watercraft is not in use - typically in winter - a discount

is applied to premium.