BUSINESS INSURANCE ALL LINES ADJUSTER TEST MULTIPLE CHOICE EXAM QUESTIONS AND ANSWERS COMPLETE AND VERIFIED.
Which of the following statements regarding aircraft insurance is
incorrect?
A. The physical damage coverage is written with a flat deductible.
B. Coverage for passengers can be excluded.
C. Special coverage must be arranged for Air Meet liability coverage.
D. Wear and tear is excluded.
Verified Answer -A. The physical damage coverage is written with a flat
deductible.
Most aircraft hull policies are written on a:
A. Replacement cost basis
B. Market value
C. Valued basis
D. Actual cash value basis
Verified Answer -C. Valued basis
A deductible that is commonly used in aircraft physical damage
insurance is usually:
A. A percentage of the value
B. A flat deductible
C. A disappearing deductible
D. A franchise deductible
Verified Answer -A. A percentage of the value
The hull physical damage deductible applies to which of the following
losses?
A. Pilferage
B. Fire
C. Collision
D. Fire and explosion (except when caused by collision)
Verified Answer -C. Collision