Florida Claims Adjuster with correct answers 100% verified.

Florida Claims Adjuster with correct answers 100% verified. Severability - correct answers.Insurance applies separately to each insured as if other insureds did not exist. Abandonment - correct answers.Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - correct answers.One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - correct answers.States that if the insurer adopts a revision which would broaden coverage without additional premium within some period of time prior to the policy period or during the policy period, the insured receives the benefit of such broadened coverage.. Doctrine of Proximate Cause - correct answers.States that when there is an unbroken connection between an occurrence and damage that grows out of the occurrence, then the resultant damage is all a part of the occurrence. Actual Cash Value - correct answers.The Loss Settlement Valuation that subtracts an allowance for depreciation Warranty - correct answers.A policy condition, either based on information in the insured's application or inserted by the insurer Conditional Contract - correct answers.The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? Under Mechanical Breakdown Coverage, *new cars are eligible for service up to:* - correct answers.36 Months/36,000 Miles Used vehicles: 12 Months/12,000 Miles If financial responsibility doesn't exist at the time of an accident, what happens? - correct answers.The legally valid claims of others must be satisfied (10/20/10) The owner and operator must provide certification of future responsibility for future accidents As to required proof for future accidents by purchase of auto liability insurance, the insurer must make a filing (Form SR-22) certifying that coverage is in effect, and this certification must remain on file for __________ years - correct answers.3 The Business Automobile Policy includes all of the following coverage forms except: - correct answers.The Trailer Interchange Coverage Form Personal Injury Protection, or PIP, has a __________ per person, per accident limit. - correct answers.10,000 Used to insure businesses engaged in selling, servicing, repairing, parking or storing automobiles: - correct answers.Garage Coverage Form The following examples are referred to as __________ liability limits: 25/50/25 or 10/20/10. - correct answers.Split 10/20/10 = 10,000 per person injured 20,000 all injuries combined 10,000 property damage Example of straight liability limit = $30,000 Jeremy has a not at fault accident. If he has PIP with a $1,000 deductible, how much can he expect his PIP coverage to pay toward his medical bills that total $3,000? - correct answers.$1,600 3000 (bills) - 1000 (deductible) = 2000 x .80 (eighty percent) Frank has a not-at-fault accident, he has basic PIP, no deductible and Med pay of $5,000. How much will his Med Pay contribute to medical bills of $15,000? - correct answers.$5,000 Medical Payment limits apply per person; Frank will receive full amount towards medical bills. Which of the following is not one of the rating factors for a Homeowner's Policy? - correct answers.Age & Gender of Insured On a Homeowner's Policy, covers items that are not permanently attached to the dwelling. This is defined as: - correct answers.Other Structures Examples include sheds, fences, pool houses, detached