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.

With a typical HO-3 policy, how much will Sam receive under Coverage D - Loss of Use after evacuating due to flood?

$850
$3,850
$0
$3,000

The correct answer is: $0

A typical HO-3 policy provides coverage for loss of use when the policyholder is unable to live in their home due to a covered event, such as a flood. However, with a typical HO-3 policy, this coverage only applies to events listed in the policy. In this case, the flood that caused the evacuation is not covered, so Sam would not receive any payment under Coverage D - Loss of Use. Option A and B are incorrect because they suggest a specific amount of coverage that is not applicable in this scenario. Option D is incorrect because it is a predetermined payment amount that is not relevant to the question.