MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam

What is 'overhead and profit' (O&P) in a property repair estimate?

The public adjuster's fee The general contractor's overhead costs (typically 10%) and profit margin (typically 10%) added to the repair estimate when a GC is needed to coordinate multiple trades The insurance company's profit A government fee for building permits

Correct Answer:

The general contractor's overhead costs (typically 10%) and profit margin (typically 10%) added to the repair estimate when a GC is needed to coordinate multiple trades

Access more questions from this quiz

Continue to MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam for more practice questions and the full quiz experience.

Access More Questions