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Texas All Lines Adjuster Exam 2 study guide with complete solutions 2023

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Texas All Lines Adjuster Exam 2 study guide with complete solutions 2023

DP - valuation

{{Correct Ans- DP-1 - ACV building & contents

DP-2/3 - RCV building & ACV contents

 

DP - limit for fair rental value {{Correct Ans- 20% of A

 

DP - coverages (A-E)

{{Correct Ans- A - dwelling

B - other structures

C - personal property

D - fair rental value

E - additional living expense

 

DP - limit for additional living expenses

{{Correct Ans- DP-1 - NONE

DP-2/3 - 20% of A

 

DP - Property removed is covered for ___ days.

{{Correct Ans- DP-1 - 5 days

DP-2 - 30 days

 

DP - limit for trees/plants/shrubs

 {{Correct Ans- 5% of A $500 per tree/shrub/plant

 

DP - fire department service charge {{Correct Ans- $500

 

DP - extended coverages {{Correct Ans- windstorm, civil commotion, smoke, hail, aircraft, vehicles, volcanic eruption, explosion, riot

 

DP - broad perils {{Correct Ans- 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)

{{Correct Ans- dwelling – open contents - broad (DP-2 perils)

 

Explain the difference between DP & HO policies. {{Correct Ans- DP does not automatically cover theft or include liability coverage.

 

DP - Explain the difference between limited/broad theft endorsements.

{{Correct Ans- limited - on premises only broad - on & off premises

 

HO-2 perils (dwelling & contents) {{Correct Ans- dwelling - named/broad contents - named/broad

 

HO-3 perils (dwelling & contents) {{Correct Ans- dwelling – open contents - named/broad

 

HO-4 perils (dwelling & contents) {{Correct Ans- dwelling - NO COVERAGE contents - named/broad

 

HO-5 perils (dwelling & contents) {{Correct Ans- dwelling – open contents - open

 

HO-6 perils (dwelling & contents) {{Correct Ans- dwelling - LIMITED named/broad contents - named/broad

 

HO-8 perils (dwelling & contents) {{Correct Ans- dwelling - named/basic & extended contents - named/basic & extended

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[Solved] Texas All Lines Adjuster Exam 2 study guide with complete solutions 2023

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  • Submitted On 09 Mar, 2023 12:50:23
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Texas All Lines Adjuster Exam 2 study guide with complete solutions 2023 DP - valuation {{Correct Ans- DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value {{Correct Ans- 20% of A DP - coverages (A-E) {{Correct Ans- A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses {{Correct Ans- DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is cove...
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