Florida Certified Adjuster Practice Actual
Exam Latest Update 2025 Questions and
Correct Answers Rated A+
Jane has $150,000 home owners policy with a 3% percentage
deductible. One night, In oven fire destroys her kitchen, causing
$50,000 in damage. How much of the damage falls under Janes
responsibility? -ANSWER-$4,500
Xavier owns a small insurance company. Recently the company want
to bid to ensure a new housing development in Omaha, Nebraska. His
company can handle any claims that arise, but if a series of tornadoes
were to tear through the area and destroy the entire development,
Xavier's company would suffer financially. Which type of insure could
help Xavier's company protect itself the most from this potential loss?
-ANSWER-A re-insurer
Which of the following situations does NOT involve an instance of
"pure risk?" -ANSWER-Loss of money invested in the stock market
Which of the following is an insurable risk? -ANSWER-A football
stadium
A lightning strike causes one of those storage buildings on John's
farm to burn to the ground, added by the fuel tanks he kept in the
building. John knows he wasn't supposed to store any fuel in the
building, so he kept that piece of information to himself when he files a
claim. John's ensure made and I his claim based on his: -ANSWER-
Concealment
,Chain shed burned to the ground during a tornado, when the
Highwinds break a wall of the shed, knocking over a lantern inside.
What is the proximate cause of the loss? -ANSWER-Wind
Kevin plays in a brass band using two rare antique Alexander tubas.
Since they are no longer produced, the value of the tubas is difficult to
determine. Which type of policy would best indemnify Kevin in this
event that his two boys were damaged, lost, or stolen? -ANSWER-
Agreed value policy
Which settlement option is most often use when the claimant misses
work because of a bodily injury, but a settlement has not been
reached? -ANSWER-Advance payment settlement
Adjuster Andy is trying to determine a final settlement amount for
Stacy's claim. Stacy's house was destroyed in a house fire and it will
cost $185,000 to rebuild it. Stacy's homeowner policy has a limit of
$178,000 and $1800 deductible. Typically, how much would adjuster
Andy calculate Stacy's final settlement amount to be -ANSWER-
$178,000
Stephanie is in the process of addressing George's auto claim.
Currently she is interviewing Shana, who witnessed George's accident
and stopped to help. In what stage of the claim process is Stephanie
currently working? -ANSWER-Investigation
If a claimant has a history of similar claims, that could mean: -
ANSWER-It is important to investigate for fraud
If an insurer is unwilling to pay what the claimant is asking, the
adjuster must: -ANSWER-Negotiate a settlement
, An insurance adjuster acts as a fiduciary agent for her employer.
Which of the following statements is FALSE about the adjuster's role
as a fiduciary agent? -ANSWER-The adjuster may not give the
claimant materials showing how he came up with the settlement
amount
A staff adjuster is a: -ANSWER-Salaried employee working for only
one insurer
Marlene has been living in her $120,000 home for 31 years. Because
she has paid off the mortgage, she decides to save some money on
her monthly insurance premiums by reducing her homeowners
coverage to $40,000. After a severe hail storm totals her roof, her
adjuster estimates the damage at $12,000. Assuming the insure
imposes the standard coinsurance penalty, and ignoring the
deductible, how much will Marlene receive in the settlement amount? -
ANSWER-$5,000
Craig has an HO-3 policy covering his primary residence with a
Coverage A limit of $250,000, Coverage B limit of $25,000, and a
Coverage C limit of $150,000. Craig also has a cabin on the lake,
which was burglarized. The thieves stole much of the cabin's contents,
for a total loss of $18,500. Ignoring any deductibles, how much will
Craig's HO-3 policy pay for this claim? -ANSWER-$15,000
Stan built a porch for his home three years ago at a cost of $10,000.
The value of the porch has depreciated by $6,000, and it would cost
$12,000 to replace it today. After Stan's porch burnt down during a
BBQ today, how much would a Standard Fire Policy indemnify Stan
for his porch? -ANSWER-$6,000
Exam Latest Update 2025 Questions and
Correct Answers Rated A+
Jane has $150,000 home owners policy with a 3% percentage
deductible. One night, In oven fire destroys her kitchen, causing
$50,000 in damage. How much of the damage falls under Janes
responsibility? -ANSWER-$4,500
Xavier owns a small insurance company. Recently the company want
to bid to ensure a new housing development in Omaha, Nebraska. His
company can handle any claims that arise, but if a series of tornadoes
were to tear through the area and destroy the entire development,
Xavier's company would suffer financially. Which type of insure could
help Xavier's company protect itself the most from this potential loss?
-ANSWER-A re-insurer
Which of the following situations does NOT involve an instance of
"pure risk?" -ANSWER-Loss of money invested in the stock market
Which of the following is an insurable risk? -ANSWER-A football
stadium
A lightning strike causes one of those storage buildings on John's
farm to burn to the ground, added by the fuel tanks he kept in the
building. John knows he wasn't supposed to store any fuel in the
building, so he kept that piece of information to himself when he files a
claim. John's ensure made and I his claim based on his: -ANSWER-
Concealment
,Chain shed burned to the ground during a tornado, when the
Highwinds break a wall of the shed, knocking over a lantern inside.
What is the proximate cause of the loss? -ANSWER-Wind
Kevin plays in a brass band using two rare antique Alexander tubas.
Since they are no longer produced, the value of the tubas is difficult to
determine. Which type of policy would best indemnify Kevin in this
event that his two boys were damaged, lost, or stolen? -ANSWER-
Agreed value policy
Which settlement option is most often use when the claimant misses
work because of a bodily injury, but a settlement has not been
reached? -ANSWER-Advance payment settlement
Adjuster Andy is trying to determine a final settlement amount for
Stacy's claim. Stacy's house was destroyed in a house fire and it will
cost $185,000 to rebuild it. Stacy's homeowner policy has a limit of
$178,000 and $1800 deductible. Typically, how much would adjuster
Andy calculate Stacy's final settlement amount to be -ANSWER-
$178,000
Stephanie is in the process of addressing George's auto claim.
Currently she is interviewing Shana, who witnessed George's accident
and stopped to help. In what stage of the claim process is Stephanie
currently working? -ANSWER-Investigation
If a claimant has a history of similar claims, that could mean: -
ANSWER-It is important to investigate for fraud
If an insurer is unwilling to pay what the claimant is asking, the
adjuster must: -ANSWER-Negotiate a settlement
, An insurance adjuster acts as a fiduciary agent for her employer.
Which of the following statements is FALSE about the adjuster's role
as a fiduciary agent? -ANSWER-The adjuster may not give the
claimant materials showing how he came up with the settlement
amount
A staff adjuster is a: -ANSWER-Salaried employee working for only
one insurer
Marlene has been living in her $120,000 home for 31 years. Because
she has paid off the mortgage, she decides to save some money on
her monthly insurance premiums by reducing her homeowners
coverage to $40,000. After a severe hail storm totals her roof, her
adjuster estimates the damage at $12,000. Assuming the insure
imposes the standard coinsurance penalty, and ignoring the
deductible, how much will Marlene receive in the settlement amount? -
ANSWER-$5,000
Craig has an HO-3 policy covering his primary residence with a
Coverage A limit of $250,000, Coverage B limit of $25,000, and a
Coverage C limit of $150,000. Craig also has a cabin on the lake,
which was burglarized. The thieves stole much of the cabin's contents,
for a total loss of $18,500. Ignoring any deductibles, how much will
Craig's HO-3 policy pay for this claim? -ANSWER-$15,000
Stan built a porch for his home three years ago at a cost of $10,000.
The value of the porch has depreciated by $6,000, and it would cost
$12,000 to replace it today. After Stan's porch burnt down during a
BBQ today, how much would a Standard Fire Policy indemnify Stan
for his porch? -ANSWER-$6,000
