FLORIDA PUBLIC ADJUSTER 3-20 VERSION A,B & C
NEW UPDATE 2025-2026 ACTUAL EXAM QUESTIONS
AND DETAILED ANSWERS GUARANTEED PASS
GRADED A+ (REVISED)
How |is |property |covered |under |an |unendorsed |BOP |form?
✓ Coverage |is |written |on |an |open |peril |basis
An |insurance |adjuster |is |allowed |to |enter |a |privately |owned |building |when:
✓ If |the |adjuster |has |the |consent |of |the |owner
An |insurance |company |that |generally |fails |to |affirm |or |deny |coverage |of |claims |within |a |reasonable
|period |of |time |after |receiving |proof |of |loss |may |be |found |guilty |of:
✓ An |unfair |claims |settlement |practice.
An |insurance |professional |that |is |accused |of |dishonesty |or |breach |of |trust |involving |interstate |commerce
|under |the |Federal |Fraud |and |False |Statement |Regulation |of |the |United |States |Code |(USC |1033) |will |be
|prosecuted |by:
✓ The |U.S. |Attorney |general
An |insured |has |a |HO-5 |Homeowner |Policy; |they |have |insured |the |wife's |diamond |ring |and |the
|husband's |guns |on |a |personal |articles |floater. |All |of |the |items |are |stolen. |What |policy |and |deductibles
|would |apply?
✓ The |homeowner |policy |would |not |pay |and |the |personal |articles |floater |would |pay
|without |a |deductible.
,An |insured |has |an |HO-3 |policy. |They |have |insured |the |wife's |diamond |ring |and |the |husband's |gun
|collection |on |a |personal |articles |floater. |All |of |the |items |are |stolen. |What |policy |and |deductibles
|would |apply?
✓ The |homeowner |policy |would |not |pay |and |the |personal |articles |floater |would |pay
|without |a |deductible.
An |insured |has |damaged |his |vehicle |by |striking |a |tree. |He |can:I. |Take |the |car |to |a |repair |garage
|recommended |by |the |insurer.II. |Take |the |car |to |a |garage |of |his |choice.III. |Accept |payment |based |on
|the |adjuster's |estimate.
✓ I, |II |and |III
An |insured |has |fabricated |a |claim |that |would |appear |to |be |legitimate. |What |kind |of |hazard |would |this |act
|represent?
✓ Moral |hazard.
An |insured |has |purchased |a |personal |watercraft |policy |with |liability |limits |of |$300,000 |and |medical
|coverage |in |the |amount |of |$5,000. |The |boat |accidentally |tips |over |and |both |the |insured |and |a |friend
|are |injured. |Who |would |be |covered |under |the |medical |payments |coverage?
✓ The |insured |and |the |friend
An |insured |has |suffered |a |covered |collision |loss |to |her |vehicle. |The |insurer |has |insisted |that |the
|insured |have |the |vehicle |repaired |at |a |repair |shop |of |the |company's |choice. |The |insurer:
✓ Is |guilty |of |an |unfair |claims |practice |act.
An |insured |owns |a |set |of |six |drawing |pens |designed |and |used |by |Benjamin |Franklin. |Each |pen |is |worth
$1,000 |alone, |but |the |set |is |worth |$12,000. |One |pen |is |destroyed |by |a |covered |peril. |Under |the |pair
|and |set |clause |the |insurance |company |will |pay |a |maximum |of |which |of |the |following |amounts?
✓ $7,000
,An |insured |owns |very |old |equipment. |Much |of |it |is |no |longer |manufactured |but |is |still |functional.
|The |insurer |may |wish |to |insure |the |equipment |under |an |Equipment |Breakdown |policy |by
|attaching |the:
✓ Actual |cash |value |endorsement
An |insured |purchased |a |10-year-old |building |for |$50,000 |that |would |cost |$100,000 |to |rebuild
|today. |If |the |physical |value |of |the |building |has |depreciated |$2,000 |each |year, |the |building's |present
|actual |cash |value |is:
✓ $80,000
An |insured's |boat |is |struck |by |another |boat. |He |and |his |family |are |injured. |His |boat |sinks |because |of
|the |damage. |An |investigation |determines |that |the |party |that |caused |the |accident |is |not |insured. |If
|the |insured |carries |a |watercraft |policy, |what |coverages |would |apply?
✓ Uninsured |boater's |coverage |and |hull |insurance
An |insured's |loss |payment |is |reduced |by |depreciation. |Which |of |the |following |best |describes |this
|situation?
✓ Actual |Cash |Value
An |insurer |has |decided |to |non-renew |a |Homeowner |policy |which |has |a |mortgagee |clause. |Who |must |be
|notified |of |this |action?
✓ The |Insured |and |the |Mortgagee
An |insurer |that |avoids |writing |insurance |in |a |specific |area |or |cancels |or |nonrenews |policies |because |of
|the |location |of |the |property |is |guilty |of:
✓ Boycotting.
, An |Optional |Commercial |Property |Coverage |which |automatically |increases |the |limit |of |insurance |by |an
|annual |percentage |shown |in |the |form |is |called:
✓ Inflation |guard |coverage.
An |unendorsed |commercial |building |and |personal |property |form, |loss |valuation |is |based |on
✓ Actual |cash |value.
Any |misinformation |provided |by |an |applicant |which |is |such |that |the |insurance |company |would |not |have
|issued |a |policy |if |the |true |facts |were |known |is:
✓ Material |misrepresentation
Businessowners |policies |provide |"Preservation |of |Property" |coverage |when |property |is |removed |from
|the |premises |to |protect |it |from |a |covered |cause |of |loss. |The |coverage |will |apply |at |other |locations |for
|up |to:
✓ 30 |days
Businessowners |policies |provide |removal |coverage |when |property |is |removed |from |the |premises |to
|protect |it |from |loss. |The |coverage |will |apply |at |other |locations |for |up |to:
✓ 30 |days
Coinsurance |does |not |apply |when:
✓ The |insured |suffers |a |total |loss |of |the |property
NEW UPDATE 2025-2026 ACTUAL EXAM QUESTIONS
AND DETAILED ANSWERS GUARANTEED PASS
GRADED A+ (REVISED)
How |is |property |covered |under |an |unendorsed |BOP |form?
✓ Coverage |is |written |on |an |open |peril |basis
An |insurance |adjuster |is |allowed |to |enter |a |privately |owned |building |when:
✓ If |the |adjuster |has |the |consent |of |the |owner
An |insurance |company |that |generally |fails |to |affirm |or |deny |coverage |of |claims |within |a |reasonable
|period |of |time |after |receiving |proof |of |loss |may |be |found |guilty |of:
✓ An |unfair |claims |settlement |practice.
An |insurance |professional |that |is |accused |of |dishonesty |or |breach |of |trust |involving |interstate |commerce
|under |the |Federal |Fraud |and |False |Statement |Regulation |of |the |United |States |Code |(USC |1033) |will |be
|prosecuted |by:
✓ The |U.S. |Attorney |general
An |insured |has |a |HO-5 |Homeowner |Policy; |they |have |insured |the |wife's |diamond |ring |and |the
|husband's |guns |on |a |personal |articles |floater. |All |of |the |items |are |stolen. |What |policy |and |deductibles
|would |apply?
✓ The |homeowner |policy |would |not |pay |and |the |personal |articles |floater |would |pay
|without |a |deductible.
,An |insured |has |an |HO-3 |policy. |They |have |insured |the |wife's |diamond |ring |and |the |husband's |gun
|collection |on |a |personal |articles |floater. |All |of |the |items |are |stolen. |What |policy |and |deductibles
|would |apply?
✓ The |homeowner |policy |would |not |pay |and |the |personal |articles |floater |would |pay
|without |a |deductible.
An |insured |has |damaged |his |vehicle |by |striking |a |tree. |He |can:I. |Take |the |car |to |a |repair |garage
|recommended |by |the |insurer.II. |Take |the |car |to |a |garage |of |his |choice.III. |Accept |payment |based |on
|the |adjuster's |estimate.
✓ I, |II |and |III
An |insured |has |fabricated |a |claim |that |would |appear |to |be |legitimate. |What |kind |of |hazard |would |this |act
|represent?
✓ Moral |hazard.
An |insured |has |purchased |a |personal |watercraft |policy |with |liability |limits |of |$300,000 |and |medical
|coverage |in |the |amount |of |$5,000. |The |boat |accidentally |tips |over |and |both |the |insured |and |a |friend
|are |injured. |Who |would |be |covered |under |the |medical |payments |coverage?
✓ The |insured |and |the |friend
An |insured |has |suffered |a |covered |collision |loss |to |her |vehicle. |The |insurer |has |insisted |that |the
|insured |have |the |vehicle |repaired |at |a |repair |shop |of |the |company's |choice. |The |insurer:
✓ Is |guilty |of |an |unfair |claims |practice |act.
An |insured |owns |a |set |of |six |drawing |pens |designed |and |used |by |Benjamin |Franklin. |Each |pen |is |worth
$1,000 |alone, |but |the |set |is |worth |$12,000. |One |pen |is |destroyed |by |a |covered |peril. |Under |the |pair
|and |set |clause |the |insurance |company |will |pay |a |maximum |of |which |of |the |following |amounts?
✓ $7,000
,An |insured |owns |very |old |equipment. |Much |of |it |is |no |longer |manufactured |but |is |still |functional.
|The |insurer |may |wish |to |insure |the |equipment |under |an |Equipment |Breakdown |policy |by
|attaching |the:
✓ Actual |cash |value |endorsement
An |insured |purchased |a |10-year-old |building |for |$50,000 |that |would |cost |$100,000 |to |rebuild
|today. |If |the |physical |value |of |the |building |has |depreciated |$2,000 |each |year, |the |building's |present
|actual |cash |value |is:
✓ $80,000
An |insured's |boat |is |struck |by |another |boat. |He |and |his |family |are |injured. |His |boat |sinks |because |of
|the |damage. |An |investigation |determines |that |the |party |that |caused |the |accident |is |not |insured. |If
|the |insured |carries |a |watercraft |policy, |what |coverages |would |apply?
✓ Uninsured |boater's |coverage |and |hull |insurance
An |insured's |loss |payment |is |reduced |by |depreciation. |Which |of |the |following |best |describes |this
|situation?
✓ Actual |Cash |Value
An |insurer |has |decided |to |non-renew |a |Homeowner |policy |which |has |a |mortgagee |clause. |Who |must |be
|notified |of |this |action?
✓ The |Insured |and |the |Mortgagee
An |insurer |that |avoids |writing |insurance |in |a |specific |area |or |cancels |or |nonrenews |policies |because |of
|the |location |of |the |property |is |guilty |of:
✓ Boycotting.
, An |Optional |Commercial |Property |Coverage |which |automatically |increases |the |limit |of |insurance |by |an
|annual |percentage |shown |in |the |form |is |called:
✓ Inflation |guard |coverage.
An |unendorsed |commercial |building |and |personal |property |form, |loss |valuation |is |based |on
✓ Actual |cash |value.
Any |misinformation |provided |by |an |applicant |which |is |such |that |the |insurance |company |would |not |have
|issued |a |policy |if |the |true |facts |were |known |is:
✓ Material |misrepresentation
Businessowners |policies |provide |"Preservation |of |Property" |coverage |when |property |is |removed |from
|the |premises |to |protect |it |from |a |covered |cause |of |loss. |The |coverage |will |apply |at |other |locations |for
|up |to:
✓ 30 |days
Businessowners |policies |provide |removal |coverage |when |property |is |removed |from |the |premises |to
|protect |it |from |loss. |The |coverage |will |apply |at |other |locations |for |up |to:
✓ 30 |days
Coinsurance |does |not |apply |when:
✓ The |insured |suffers |a |total |loss |of |the |property
