Chapter 2

Description

Future Adjusters - Chapter 2
FutureAdjusters
Quiz by FutureAdjusters, updated more than 1 year ago
FutureAdjusters
Created by FutureAdjusters almost 9 years ago
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Resource summary

Question 1

Question
What coverages are included in Section I ?
Answer
  • Swelling
  • Other Structures
  • Contents or Personal Property
  • Loss of use of Additional Living Expense (ALE)

Question 2

Question
What does an HO-A cover at RC?
Answer
  • Dwelling only
  • Everything
  • Nothing. This policy is ACV only
  • Contents only

Question 3

Question
How do you arrive at the ACV cost?
Answer
  • By applying the age to the amount the insureds says they paid for the item.
  • Add the deductible to the policy limit
  • RC less the Deductible
  • RC minus depreciation from AGE and condition

Question 4

Question
Is the peril of Flood covered on any Homeowners policies?
Answer
  • Case by case
  • No
  • Yes

Question 5

Question
How many hours is generally given to Inspect a property after an assignment is received?
Answer
  • 144
  • 72
  • 48
  • 24
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