NH Public Adjuster Practice Questions - New Hampshire Public Adjuster Exam

What is the purpose of an insurance policy's 'appraisal clause'?

It determines the market value for selling the property It provides a dispute resolution mechanism when the insured and insurer disagree on the amount of loss It allows the insurer to cancel the policy at any time It sets the premium amount for the next policy period

Correct Answer:

It provides a dispute resolution mechanism when the insured and insurer disagree on the amount of loss

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