Practice exam FL Certified adjuster| Florida 6-20 Adjuster Practice Exam / All-Lines License Prep / Score 100% / Update 2026/2027

Practice exam FL Certified adjuster| Florida 6-20 Adjuster Practice Exam / All-Lines License Prep / Score 100% / Update 2026/2027 During a storm, lightning strikes a tree in Harry yard and starts a fire that spreads to his shed where he keeps all his equipment for his landscaping business. In addition to the shed, Henry has to purchase all new equipment to stay in business. The cost to replace the equipment would be considered A direct loss Jim has two policies that cover the same risk, but they respond differently: policy X is primary and policy Z is excess. Policy X has a limit of $50,000 in policies he has a limit of $25,000. When Jim suffers an Insured loss totaling $62,000, how will each policy respond? Policy ex will pay $50,000 and policies he will pay $12,000 Jerry is using an expensive video recorder near the family pool when he slips and falls in, destroying the new camera. Jerry bought the camera three years ago for $4000, and it depreciates at $500 per year. A new, similar camera cost $5000 today. Assuming the loss is covered, if Jerry had a replacement cost policy, how much would Jerry's ensure indemnify Jerry for the destroyed camera? $5000 Depreciation doesn't matter if The insured has a replacement cost policy Driving home after a 14 hour shift, same falls asleep at the wheel and plows into Sandra's home, causing extensive damage to the east wall and roof. As a result, Saundra and her family must move into a hotel until the repairs are completed. Sam's car crashing into the house would be considered: An occurrence Which of the following is not true of the companies options provision in the standard fire policy? It requires the insured to settle the claim, and whichever manner it chooses, within 30 days of receiving notice of the claim. Kevin plays in a brass band using two rare antique Alexander to bus. Since they are no longer produce the value of the tube is a difficult to determine. Which type of policy would best indemnify Kevin in the event that the two of us were damaged lost or stolen? Agreed value policy what is one thing that an adjuster is not able to negotiate about? punitive damages Which settlement option is usually reserved for the largest claims? Structured settlement Craig has a HO-3 policy covering his primary residence with the coverage a limit of $250,000, coverage be limit of $25,000, and a coverage see limit of $150,000. Craig also has a cabin on the lake, which was burglarized. The thief stole so much of the cabins contents, for a total loss of $18,500. Ignoring any deductibles, how much will Craigs H0-3 policy pay for his claim?