Arkansas Insurance Adjuster Practice Exam

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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!

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Ignoring any deductibles, how much can Tim receive for his stolen boat trailer under his homeowners policy?

$2,500
$2,000
$1,500
$1,000

The correct answer is: $1,500

The other options are incorrect because all of the deductibles are ignored in this scenario. Option A, $2,500, is above the coverage limit for Tim's policy, so it cannot be the correct amount. Option B, $2,000, is also above the coverage limit and would not be the correct amount. Option D, $1,000, is below the coverage limit, so it would not be the correct amount either. The correct answer is option C, $1,500, as it falls within the coverage limit and is the highest amount that Tim can receive for his stolen boat trailer.