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Module 2 Quiz: Insurance Claims
You'll need to correctly answer at least 8 of the 10 questions below (at least 80%) to progress to the next unit.
Question #1: Fire and lightning related claims are typically the most expensive.
Question #2: During a storm, my neighbor’s healthy, living tree fell on my house. My neighbor’s homeowner policy is responsible for my damaged home.
Question #3: Typically, a homeowner will be reimbursed for temporary repairs to prevent further damage or to secure their home if they experience a loss, as long as the covered claim cost exceeds their deductible.
Question #4: An independent adjuster works for the insured and a public adjuster works for the insurance company.
Question #5: If you file a covered claim, most insurance companies require you to submit an inventory of the damaged personal property within 60 days of their initial request for the paperwork.
Question #6: Typically, the claim process will go smoother and result in a more equitable settlement if you have completed a pre-loss personal property inventory.
Question #7: Most state insurance departments are unwilling to help the consumer when they experience a poorly adjusted claim.
Question #8: When speaking to a potential client about your inventory services, providing statistical information and sharing claim scenarios are a waste of time.
Question #9: A prudent homeowner would probably decide against filing a claim if the estimate for the repair is $1200 and their homeowner deductible is $1000.
Question #10: Most homeowners find it easy to start and complete a personal property inventory.