TEXAS ALL LINES ADJUSTER EXAM QUESTION AND ANSWER

TEXAS ALL LINES ADJUSTER
EXAM QUESTION AND ANSWER
DP - valuation - ANS ✔✔✔DP-1 - ACV building & contents
DP-2/3 - RCV building & ACV contents
DP - limit for fair rental value - ANS ✔✔✔20% of A
DP - coverages (A-E) - ANS ✔✔✔A - dwelling
B - other structures
C - personal property
D - fair rental value
E - additional living expense
DP - limit for additional living expenses - ANS ✔✔✔DP-1 - NONE
DP-2/3 - 20% of A
DP - Property removed is covered for ___ days. - ANS ✔✔✔DP-1
- 5 days
DP-2 - 30 days
DP - limit for trees/plants/shrubs - ANS ✔✔✔5% of A
$500 per tree/shrub/plant
DP - fire department service charge - ANS ✔✔✔$500
DP - extended coverages - ANS ✔✔✔windstorm, civil commotion,
hail, aircraft, vehicles, volcanic eruption, explosion, riot
DP - broad perils - 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) - ANS ✔✔✔dwelling -
open
contents - broad (DP-2 perils)
Explain the difference between DP & HO policies. - ANS ✔✔✔DP
does not automatically cover theft or include liability coverage.
DP - Explain the difference between limited/broad theft
endorsement. - ANS ✔✔✔limited - on premises only
broad - on & off premises
HO-2 perils (dwelling & contents) - ANS ✔✔✔dwelling -
named/broad
contents - named/broad
HO-3 perils (dwelling & contents) - ANS ✔✔✔dwelling - open
contents - named/broad
HO-4 perils (dwelling & contents) - ANS ✔✔✔dwelling - NO
COVERAGE
contents - named/broad
HO-5 perils (dwelling & contents) - ANS ✔✔✔dwelling - open
contents - open
HO-6 perils (dwelling & contents) - ANS ✔✔✔dwelling - LIMITED
named/broad
contents - named/broad
HO-8 perils (dwelling & contents) - ANS ✔✔✔dwelling -
named/basic & extended
contents - named/basic & extended
HO - valuation - ANS ✔✔✔RCV dwelling
ACV content (unless endorsed)
EXCEPT HO-8 - ACV dwelling & contents
HO - coverages (A-F) - 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 - ANS ✔✔✔10% of
C
HO - money limit - ANS ✔✔✔$200
HO - securities limit - ANS ✔✔✔$1,500
HO - watercraft limit (including trailers) - ANS ✔✔✔$1,500
HO - trailers limit (except watercraft trailers) - ANS ✔✔✔$1,500 -
ON PREMISES ONLY
HO - THEFT of jewelry/furs limit - ANS ✔✔✔$1,500
HO - THEFT of firearms limit - ANS ✔✔✔$2,500
HO - THEFT of silverware limit - ANS ✔✔✔$2,500
HO - business personal property on premises limit - ANS
✔✔✔$2,500
HO - business personal property off premises limit - ANS
✔✔✔$1,500
HO - electronic vehicle equipment limit - ANS ✔✔✔$1,500
HO - tapes/discs in vehicle limit - ANS ✔✔✔$250
HO - standard deductible - ANS ✔✔✔$500
HO - trees/shrubs/plants limit - ANS ✔✔✔5% of A
$500 per tree/shrub/plant
HO - Property removed is covered for ___ days. - ANS ✔✔✔30
HO - credit card forgery limit - ANS ✔✔✔$500
HO - gravemarkers limit - ANS ✔✔✔$5,000
HO - landlord's furnishings limit - ANS ✔✔✔$2,500 (EXCLUDES
THEFT)
HO - liability minimum limit - ANS ✔✔✔$100,000
HO - minimum medical payments limit - ANS ✔✔✔$1,000
HO - Medical payments claim must be filed within ___. - ANS
✔✔✔3 years
HO - lost wages supplemental payment - ANS ✔✔✔$250/day