Arkansas Insurance Adjuster Practice Exam

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

1. $2,500

2. $2,000

3. $1,500

4. $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.