Florida Claims Adjuster 2025/2026 Exam
Questions and Answers | 100% Solved
Peril - 🧠 ANSWER ✔✔Somthing that causes a loss.
Hazard - 🧠 ANSWER ✔✔Something that increases the probability that a
loss will occur.
Warranty - 🧠 ANSWER ✔✔A policy condition, either based on information
in the insureds application or inserted by the insurer. It is a guarantee of a
fact.
Misrepresentation - 🧠 ANSWER ✔✔An untrue statement by the insured,
made in an application for insurance but which does not become a part of
the policy.
,Concealment - 🧠 ANSWER ✔✔The failure of the insured to reveal relevant
facts known to the insured in applying for insurance.
Abandonment - 🧠 ANSWER ✔✔Property insurance policies usually contain
an abandonment clause, stating the insured cannot dump damaged
property on the insurer and demand its full value.
Severability - 🧠 ANSWER ✔✔The insurance applies separately to each
insured as if other insureds did not exist.
Proximate Cause - 🧠 ANSWER ✔✔A fundamental doctrine in property
insurance holds 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.
Direct Loss - 🧠 ANSWER ✔✔Physical harm to tangible property.
Indirect Loss - 🧠 ANSWER ✔✔Economic loss which flows as a result of
direct loss.
Actual Cash Value(ACV) - 🧠 ANSWER ✔✔Replacement Cost minus
Depreciation
, Coinsurance - 🧠 ANSWER ✔✔Is a method of providing equity in premiums
by granting lower rates to those indureds who accept the responsibility of
insuring for amounts which reflect a high percentage of the value of the
subject property.
Personal Contract - 🧠 ANSWER ✔✔Policies cover people who own and
operate things, such as automobiles.
Conditional Contract - 🧠 ANSWER ✔✔The parties are of unequal
bargaining power, and the insured cannot negotiate the terms, having to
take the offer of the insurer as made.
Contract of Indemnity - 🧠 ANSWER ✔✔One should return to their same
position as they were before the loss occurred. This limits the number of
people intentionally causing losses because it was to their economic
advantage.
Insurable Interest - 🧠 ANSWER ✔✔Any actual, lawful and substantial
economic interest in the safety or preservation of the subject of the
insurance free from loss, destruction, or pecuniary damage or impairment.
Waiver - 🧠 ANSWER ✔✔Generally defined as the voluntary relinquishment
or surrender of some rightor privilege.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions and Answers | 100% Solved
Peril - 🧠 ANSWER ✔✔Somthing that causes a loss.
Hazard - 🧠 ANSWER ✔✔Something that increases the probability that a
loss will occur.
Warranty - 🧠 ANSWER ✔✔A policy condition, either based on information
in the insureds application or inserted by the insurer. It is a guarantee of a
fact.
Misrepresentation - 🧠 ANSWER ✔✔An untrue statement by the insured,
made in an application for insurance but which does not become a part of
the policy.
,Concealment - 🧠 ANSWER ✔✔The failure of the insured to reveal relevant
facts known to the insured in applying for insurance.
Abandonment - 🧠 ANSWER ✔✔Property insurance policies usually contain
an abandonment clause, stating the insured cannot dump damaged
property on the insurer and demand its full value.
Severability - 🧠 ANSWER ✔✔The insurance applies separately to each
insured as if other insureds did not exist.
Proximate Cause - 🧠 ANSWER ✔✔A fundamental doctrine in property
insurance holds 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.
Direct Loss - 🧠 ANSWER ✔✔Physical harm to tangible property.
Indirect Loss - 🧠 ANSWER ✔✔Economic loss which flows as a result of
direct loss.
Actual Cash Value(ACV) - 🧠 ANSWER ✔✔Replacement Cost minus
Depreciation
, Coinsurance - 🧠 ANSWER ✔✔Is a method of providing equity in premiums
by granting lower rates to those indureds who accept the responsibility of
insuring for amounts which reflect a high percentage of the value of the
subject property.
Personal Contract - 🧠 ANSWER ✔✔Policies cover people who own and
operate things, such as automobiles.
Conditional Contract - 🧠 ANSWER ✔✔The parties are of unequal
bargaining power, and the insured cannot negotiate the terms, having to
take the offer of the insurer as made.
Contract of Indemnity - 🧠 ANSWER ✔✔One should return to their same
position as they were before the loss occurred. This limits the number of
people intentionally causing losses because it was to their economic
advantage.
Insurable Interest - 🧠 ANSWER ✔✔Any actual, lawful and substantial
economic interest in the safety or preservation of the subject of the
insurance free from loss, destruction, or pecuniary damage or impairment.
Waiver - 🧠 ANSWER ✔✔Generally defined as the voluntary relinquishment
or surrender of some rightor privilege.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
