Arkansas Insurance Adjuster Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Arkansas Insurance Adjuster Exam with flashcards and multiple choice questions, each offering hints and explanations. Equip yourself for your test confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How much total indemnification will Missy receive after her grain drill was mangled by a tornado?

$25,000
$36,000
$40,000
$45,000

The correct answer is: $36,000

Missy will receive a total indemnification of $36,000 after her grain drill was mangled by a tornado. This amount is calculated by taking the cost of the grain drill, including any additional costs such as taxes or shipping, and subtracting any deductibles or depreciation values. Option A, $25,000, may seem like a reasonable answer but it is likely not taking into account these other factors. Option C, $40,000, is higher than the correct answer and may not consider any deductions. Option D, $45,000, is also higher and may not accurately reflect the true value of the grain drill after it was damaged. Therefore, option B is the most accurate and reasonable answer.