Definitions and Concepts (Adjusters) 2020

The insured can be described as what?

Bessie was in an auto accident and her car has $5,000 in damages. The $5,000 damage is best described as what?

Bonnie’s house was destroyed by a fire. The fire that destroyed Bonnie’s house is best described as what?

Allan owns a house and drives his car to work every day. Owning a house and driving a car are examples of what?

Of the following risks, which one can be covered by insurance?

For her birthday, Carol got a large vicious dog named Bubba that has a tendency to bite people. Having this type of dog is best described as what?

Charles knows his car has bad brakes, but he doesn’t take the time to get the brakes fixed and continues to drive the car. This is best described as what?

Bradley is thinking about intentionally burning down his house, so he can collect the insurance money. This is an example of what?

Ana owns a house. If the house burned to the ground, it would cost $250,000 to replace it. The $250,000 replacement cost is best described as what?

When would an insurance adjuster have a designated home state?