NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 QUESTIONS AND ANSWERS |GUARANTEE PASS

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NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 QUESTIONS AND ANSWERS |GUARANTEE PASS Which of the following would NOT be found in the conditions section of a homeowner’s insura... nce policy? o Subrogation rights o Duties of the insured o Insurance premium o Mortgagee clause {{Correct Ans- The insurance premium is not shown in the conditions section of the homeowner policy. Which of the following is true regarding dealers physical damage coverage under a garage policy? o It is a blanket limit for covered autos. o It extends coverage to customers' autos. o It is an annual maximum limit for comprehensive and collision losses. o It is a maximum limit per auto. {{Correct Ans- It is a blanket limit for covered autos. EXPLANATION: The dealer's physical damage limit would be done on a blanket limit basis. This would apply to comprehensive and collision losses to the auto inventory of the dealer. This is done because it is simply not practical to schedule each dealer owned vehicle for physical damage. This is generally accomplished by the use of a monthly reporting form. Which of the following would not be considered an occupational disease? o Black lung. o Mesothelioma. o Pulmonary fibrosis. o Bending over to pick up a box and hurting your back. {{Correct Ans- Bending over to pick up a box and hurting your back EXPLANATION: Bending over to pick up a box and causing an injury is a work related injury and not a disease. Which of the following is correct in order for the additional coverage of "collapse" to be available under special BOP? o The collapse must be such that the building cannot be used as intended o The remaining part of the structure standing must be demolished o The remaining part of the structure must be judged unsound to rebuild on o The building must be leaning, settling or in danger of collapsing {{Correct Ans- The collapse must be such that the building cannot be used as intended. EXPLANATION: The definition of collapse in the policy is the "abrupt falling down or caving in of the structure or part of the structure" and it must render the building as unusable as intended. Which of the following would not be eligible for coverage under a livestock floater? o Poultry o Cattle o Sheep o Swine {{Correct Ans- Poultry EXPLANATION: Poultry is not eligible property under the livestock floater. [Show More]

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