FLORIDA CLAIMS ADJUSTER EXAM | 2024-2025 LATEST
UPDATED | COMPLETE QUESTIONS AND 100% RATED
CORRECT ANSWERS | GET IT CORRECT!(ALREADY GRADED
A+)
Severability - Correct answer~ Insurance applies separately to each insured as if
other insureds did not exist.
Abandonment - Correct answer~ 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 answer~ One wherein economic loss would be
suffered from an adverse happening to the subject.
Liberalization - Correct answer~ 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 answer~ 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 answer~ The Loss Settlement Valuation that
subtracts an allowance for depreciation
Warranty - Correct answer~ A policy condition, either based on information in
the insured's application or inserted by the insurer
,Conditional Contract - Correct answer~ 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 answer~ 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 answer~ 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 answer~ 3
The Business Automobile Policy includes all of the following coverage forms
except: - Correct answer~ The Trailer Interchange Coverage Form
Personal Injury Protection, or PIP, has a __________ per person, per accident
limit. - Correct answer~ 10,000
Used to insure businesses engaged in selling, servicing, repairing, parking or
storing automobiles: - Correct answer~ Garage Coverage Form
,The following examples are referred to as __________ liability limits: 25/50/25
or 10/20/10. - Correct answer~ 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 answer~ $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 answer~ $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 answer~ Age & Gender of Insured
On a Homeowner's Policy, covers items that are not permanently attached to
the dwelling. This is defined as: - Correct answer~ Other Structures
Examples include sheds, fences, pool houses, detached car ports, etc.
, A lender has an insurable interest in a home and finds protection in the: -
Correct answer~ Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy? - Correct
answer~ DP-3, or the Special Form
When the basic liability limits provided by the policy are insufficient for an
insureds needs, two coverage forms are used to provide the additional amounts
of coverage:
A. Excess Liability
B. Umbrella
C. Both A & B
D. None of the Above - Correct answer~ Both A & B
Which of the following is not covered under Coverage C, Personal Property?
A. A fire breaks out in the residence and an overnight guest loses his clothes
in the fire
B. A fish dies because he has been left alone for a week without food
C. The insureds daughters tennis racket is stolen from her locker
D. The insureds suitcase and clothing, valued at $1,500, are stolen from his
hotel - Correct answer~ B. A fish dies because he has been left alone for a
week without food
Animals are listed as an "exclusion" under a Homeowner's policy.
UPDATED | COMPLETE QUESTIONS AND 100% RATED
CORRECT ANSWERS | GET IT CORRECT!(ALREADY GRADED
A+)
Severability - Correct answer~ Insurance applies separately to each insured as if
other insureds did not exist.
Abandonment - Correct answer~ 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 answer~ One wherein economic loss would be
suffered from an adverse happening to the subject.
Liberalization - Correct answer~ 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 answer~ 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 answer~ The Loss Settlement Valuation that
subtracts an allowance for depreciation
Warranty - Correct answer~ A policy condition, either based on information in
the insured's application or inserted by the insurer
,Conditional Contract - Correct answer~ 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 answer~ 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 answer~ 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 answer~ 3
The Business Automobile Policy includes all of the following coverage forms
except: - Correct answer~ The Trailer Interchange Coverage Form
Personal Injury Protection, or PIP, has a __________ per person, per accident
limit. - Correct answer~ 10,000
Used to insure businesses engaged in selling, servicing, repairing, parking or
storing automobiles: - Correct answer~ Garage Coverage Form
,The following examples are referred to as __________ liability limits: 25/50/25
or 10/20/10. - Correct answer~ 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 answer~ $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 answer~ $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 answer~ Age & Gender of Insured
On a Homeowner's Policy, covers items that are not permanently attached to
the dwelling. This is defined as: - Correct answer~ Other Structures
Examples include sheds, fences, pool houses, detached car ports, etc.
, A lender has an insurable interest in a home and finds protection in the: -
Correct answer~ Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy? - Correct
answer~ DP-3, or the Special Form
When the basic liability limits provided by the policy are insufficient for an
insureds needs, two coverage forms are used to provide the additional amounts
of coverage:
A. Excess Liability
B. Umbrella
C. Both A & B
D. None of the Above - Correct answer~ Both A & B
Which of the following is not covered under Coverage C, Personal Property?
A. A fire breaks out in the residence and an overnight guest loses his clothes
in the fire
B. A fish dies because he has been left alone for a week without food
C. The insureds daughters tennis racket is stolen from her locker
D. The insureds suitcase and clothing, valued at $1,500, are stolen from his
hotel - Correct answer~ B. A fish dies because he has been left alone for a
week without food
Animals are listed as an "exclusion" under a Homeowner's policy.
