Free Claims Adjuster Sample Questions and Answers

Question 1

What kind of risk management strategy exemplifies the acceptance of a high deductible by an insured?

Accepted Answer

Retention

Answer

Captive

Answer

Endorsements

Answer

Adhesion

Question 2

What kind of adjuster does the insured hire?

Accepted Answer

Public Adjuster

Answer

Independent Adjusters

Answer

Commercial

Answer

Executory

Question 3

What kind of adjusters often handle severe storms like a hurricane?

Accepted Answer

Independent Adjusters

Answer

Public Adjuster

Answer

Commercial

Answer

Executory

Question 4

Which of the following is NOT essential as an insurance adjuster?

Accepted Answer

Commercial Drivers license

Answer

Ethics and Professional Standards

Answer

Licensing

Answer

Experience

Question 5

When handling claims, the adjuster is responsible for a variety of tasks. Which of the following is NOT a requirement as an adjuster?

Accepted Answer

5 years experience as a general construction contractor

Answer

Analytical Skills

Answer

Industry Certification or Licensure

Answer

Having prior experience in handling insurance claims

Question 6

A type of contract where one or both parties have not yet fulfilled their obligations or completed their performance.

Accepted Answer

Executory Contract

Answer

Endorsements

Answer

Conditional Contract

Answer

Unilateral Contract

Question 7

Where can you find the liability coverage in the policy?

Accepted Answer

Section II

Answer

Section I

Answer

Section III

Answer

Section IV

Question 8

Which of the following is covered by a typical homeowner's insurance policy?

Accepted Answer

Fire damage

Answer

Intentional Acts

Answer

Gradual Damage

Answer

Earthquake

Question 9

Which of the following DOES NOT typically appear as a policy endorsement?

Accepted Answer

Flood

Answer

Earthquake

Answer

Identity Theft

Answer

Replacement Cost

Question 10

What does supplemental insurance function as?

Accepted Answer

It expands the coverage of a policy

Answer

Offer comprehensive protection for all

Answer

Universal solution for all individuals or households.

Answer

Intended to provide the same level of coverage as primary insurance policies