What is peril Study guides, Class notes & Summaries
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New York State Auto Damage and Theft quiz 17-71 with correct answers
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss 
Consequential loss 
 
 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails 
The frame rails 
 
 
 
In auto p...
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New York State Auto Damage and Theft Quiz 17-71 Correctly Answered 2024/2024
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New York State Auto Damage and Theft 
Quiz 17-71 Correctly Answered 
2024/2024 
Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to 
work. This "loss of use" is referred to as a: 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss - CORRECT ANSWER-Consequential loss 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and 
the quarter panel, what else on the vehicle should the appraiser check? 
The center...
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PA Appraisal License 16-20 Auto Physical Damage Questions & Answers 2023
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PA Appraisal License 16-20 Auto 
Physical Damage Questions & Answers 
2023 
In PA, a consumer reporting agency may list all of the following information about a 
consumer EXCEPT: - Correct Answer-Medical Information 
The device that synchronizes the spark plug firing sequence is: - Correct AnswerCamshaft Sensor 
If an insured fail to report a claim in a timely fashion the adjuster will usually: - Correct 
Answer-Send the insured a reservation of rights letter 
When using a dedicated bench fixtur...
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WebCE Property & Casualty Prep Exam Questions and Answers 2023
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WebCE Property & Casualty Prep Exam Questions and Answers 2023 
Risk 
Chance of loss 
 
 
 
5 Risk or Loss Factors 
1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 
 
 
 
Insurance allows: 
Individual or group to transfer over to insurance company the risk of financial loss from a destructive event 
 
 
 
Fundamental purpose of insurance is: 
To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before 
 
 
 
Insurance companies may ...
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CISR Insuring Commercial Property Exam 146 Questions with Answers,100% CORRECT
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CISR Insuring Commercial Property Exam 146 Questions with Answers 
 
Select the answer that most closely describes Actual Cash Value (ACV). - CORRECT ANSWER A method of establishing the value of property wherein depreciation and obsolescence are deducted from the value of the property. 
 
Select the answer that most closely describes Functional Replacement Cost. - CORRECT ANSWER A provision which changes the policy valuation so as to provide for replacement with a different structure which per...
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Claims Adjuster Final (Multiple Choice Questions) 2022/2023
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An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of 
The insured and insurer 
 
 
 
An insurer gives which of the following as Consideration for an insurance policy? 
A Promise 
 
 
 
The interest of the insured and all other persons in the property involved in a claim is 
found in 
A Proof of Loss 
 
 
 
An insured rear-ends another driver's vehicle. The auto policy that pays damages to 
repair the damaged vehicle is a _______? 
Liability Policy 
 
 
 
Your ins...
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed 
Peril Something that causes a loss. 
Hazard Something that increases the probability that a loss will occur. 
Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. 
Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 
Concealment The fail...
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024
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ADJUSTER PRO - INSURANCE 
ADJUSTER TEST(QUESTIONS AND 
REVIEWED ANSWERS) 2023-2024 
What is insurance? - CORRECT ANSWER-protection against financial loss 
what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an 
insurance policy. 
What are premiums used for - CORRECT ANSWER-premiums are collected into a 
"pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? - 
CORRECT ANSWER-the insurer collect...
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New York State Auto Damage and Theft quiz 17-71 Exam 2023 with complete solution
- Exam (elaborations) • 31 pages • 2023
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New York State Auto Damage and Theft quiz 17-71 Exam 2023 with complete solution 
 
Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss 
Consequential loss 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trun...
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CISR COMMERCIAL PROPERTY INSURANCE QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
- Exam (elaborations) • 3 pages • 2024
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eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property 
can be seen. 
Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of 
insurance. 
Buildings are real property. They have walls and a roof. You can probably envision many types of 
buildings, ranging from a small one-story office to a skyscraper. 
Structures. A structure is any construction, including buildings. However, examples of structures t...
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