VIP Exclusive
CIA Certified Insurance Appraiser VIP Practice Exam
CIA — The Certified Insurance Appraiser (CIA) designation is a professional credential offered by recognized insurance appraisal and adjustment industry bodies (including programs affiliated with the American Society of Appraisers and state-level insurance appraisal associations) that validates expertise in property valuation, loss assessment, policy interpretation, and the appraisal dispute resolution process; specific exam formats vary by issuing body but typically include 100–150 questions covering valuation methodology, coverage analysis, claims handling, and appraisal law.
54
Questions
150m
Time Limit
75.00%
To Pass
Question 1 of 54👑 VIP
A homeowner files a claim after a fire destroys the kitchen and part of the living room. The policy contains a replacement cost value (RCV) clause with a coinsurance requirement of 80%. The dwelling's full replacement cost is $400,000, but the homeowner only carried $280,000 in coverage. The verified loss is $120,000. Applying the coinsurance formula, what is the maximum the insurer will pay (ignoring any deductible)?
Questions 2–54 and full explanations are VIP-exclusive.