FL All Lines Claims Adjuster Exam Questions & Answers 100% Rated Correct

What is an eligible building for flood insurance? - ANSWER-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? - ANSWER-Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? - ANSWER-No, HO-4 (Renters personal property) What is casual labor in workers' compensation? - ANSWER-Labor that is casual, irregular, limited or temporary purpose. What is the waiting period for worker's compensation disability? - ANSWER-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 - ANSWER-Principle, Obligee, Surety, and Indemnitor How does a crime policy value money and securities? - ANSWER-Money is valued at face value. Securities are valued on the day the loss was discovered. How is the employee theft coverage written? - ANSWER-Scheduled persons coverage, Scheduled position coverage, and blanket coverage What is the deductible in an umbrella policy? - ANSWER-No deductible, this is liability coverage What are the types of Health Insurance? - ANSWER-HMO and PPO