Hawaii Insurance Adjuster License Practice Exam 2025 – All-in-One Guide to Ensure Your Exam Success!

A threshold for reporting a loss as a major claim in many insurance policies is often set at $1,000. When a loss reaches this amount, it signifies a significant impact to the insured property or asset, prompting insurers to elevate the level of attention and procedural requirements associated with the claim.

This threshold is used for multiple reasons: it helps in consistent claims processing, ensures that claims requiring more detailed investigation and adjustment receive appropriate resources, and aligns with general industry standards on what constitutes a major claim. Knowing this threshold is crucial for adjusters as it affects how they approach claims, evaluate damages, and communicate with policyholders regarding the significance of the claim being made.

While other thresholds like $500, $2,500, or $5,000 might exist in specific policies, the $1,000 threshold is most commonly recognized across various types of insurance, making it an important benchmark for those in the industry.