FL All Lines Claims Adjuster (100% Accurate)

What is an eligible building for flood insurance? correct answers A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? correct answers Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? correct answers No, HO-4 (Renters personal property) What is casual labor in workers' compensation? correct answers Labor that is casual, irregular, limited or temporary purpose. What is the waiting period for worker's compensation disability? correct answers 7 days prior to the payment of disability benefits. If a disability lasts more than 21 days, benefits will be paid from the first day of injury. What are the parties to a surety bond correct answers Principle, Obligee, Surety, and Indemnitor How does a crime policy value money and securities? correct answers Money is valued at face value. Securities are valued on the day the loss was discovered. How is the employee theft coverage written? correct answers Scheduled persons coverage, Scheduled position coverage, and blanket coverage What is the deductible in an umbrella policy? correct answers No deductible, this is liability coverage What are the types of Health Insurance? correct answers HMO and PPO What is the limit of medical expenses in workers' compensation? correct answers There is no limit What does workers' compensation provide for funeral expenses? correct answers If death results within one year of an accident, or follows a continuous disability within 5 years, then actual funeral expenses, not exceeding $7500 What is Ocean Marine coverage? correct answers Oldest form of insurance known. Covers perils associated with water transport. What is Inland Marine Coverage? correct answers Covers the cargo traveling overland, instead of by sea.