Chapter 3

FutureAdjusters
Quiz by FutureAdjusters, updated more than 1 year ago
FutureAdjusters
Created by FutureAdjusters almost 6 years ago
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Future Adjusters - Chapter 3

Resource summary

Question 1

Question
The Acronym ACV means________________
Answer
  • Actual Cash Virtue
  • All Cash Value
  • Actual Cash Value
  • Any Car or Vehicle

Question 2

Question
You must have an financial interest to be listed on an insurance contract
Answer
  • True
  • False

Question 3

Question
The Acronym RC means ______________
Answer
  • Repair Cost
  • Replacement Cost
  • Radio control
  • Replacement Car

Question 4

Question
The policy limits can be located on the Declaration page of an insurance policy
Answer
  • False
  • True

Question 5

Question
Exclusions can change an HO3 policy to an Standard Fire policy
Answer
  • False
  • True
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