Business > EXAM > Texas All Lines Adjuster Exam 2 study guide with complete solutions 2023 (All)

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 re ... ntal 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 HO - valuation {{Correct Ans- RCV dwelling ACV content (unless endorsed) EXCEPT HO-8 - ACV dwelling & contents HO - coverages (A-F) {{Correct Ans- A - dwelling B - other structures - 10% of A C - personal property - 50% of A D - loss of use - 30% of A E - medical payments F - liability HO - limit for personal property in self-storage {{Correct Ans- 10% of C [Show More]

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