FLORIDA PUBLIC ADJUSTER CORRECT REVIEW
QUESTIONS AND ANSWERS SURE A+
✔✔Who determines how much HO-6 coverages a Condominium Owner needs? -
✔✔The Association
✔✔Homeowners Coverage A - ✔✔"Dwelling" covers the dwelling building and
structures attached; also construction materials and supplies on or adjacent to the
premises.
✔✔Homeowners Coverage B - ✔✔"Other Structures" covers private structures on the
residence premises that are not attached to the main dwelling.
✔✔4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book
gives 5) - ✔✔1.Detached Garage.
2.Guest House.
3.Fence
4.Tennis Court
5.Storage Building
✔✔Homeowner's Coverage C - ✔✔"Personal Property" covers Property, wherever it is
located, that is owned or used by "an Insured".
✔✔Homeowners Coverage D - ✔✔"Loss of Use" covers increases over normal living
costs if damage from a covered Peril makes the residence unfit for occupancy.
✔✔What is the standard limit for Homeowners Coverage B? - ✔✔10% of the amount
Insured for Coverage A and may not be increased or decreased.
✔✔What is the standard amount for Coverage C - ✔✔50% of Coverage A.
, ✔✔What is the standard limit of Homeowner's Coverage D for: HO-2, HO-3 & HO-5? -
✔✔30% Coverage A
✔✔How many Perils are listed as "General Exclusions" in your textbook? - ✔✔9
✔✔What is the most important Condition that has direct impact on Homeowners
Coverage? - ✔✔Loss Settlement
✔✔When might "Loss Settlement" cover buildings under Coverages A & B to Full
Replacement Cost? - ✔✔If the limit of Insurance at the time of Loss is equal to 80% or
more of the replacement value of the building.
✔✔Statute that requires that when Property is Insured for replacement cost is deemed a
total loss, the full replacement cost without reservation or holdback of depreciation must
be paid. - ✔✔627.7011
✔✔627.7011 - ✔✔Statute that requires that when Property Insured for replacement cost
is deemed a total loss, the full replacement cost without reservation or holdback of
depreciation must be paid.
✔✔Four Additional Homeowners Coverages - ✔✔1. Claims Expense
2. First Aid Expenses
3. Damage to Property of Others
4. Loss Assessment
✔✔Does Hurricane Coverage Occur on a Per Occurrence or an Annual Basis - ✔✔An
annual basis
✔✔What if there is more than one applicable deductible? - ✔✔Only the highest
deductible applies.
✔✔What must the Insured do if they wish to completely reject Windstorm Coverage? -
✔✔Hand write "I DO NOT WANT THE INSURANCE ON MY (HOME/MOBILE
HOME/CONDOMINIUM UNIT) TO PAY FOR DAMAGE FROM WINDSTORMS OR
HURRICANES. I WILL PAY THOSE COSTS. MY INSURANCE WILL NOT."
✔✔How much notice must the insurer give the insured of non-renewal of a
homeowner's Policy? - ✔✔120 Days
✔✔4 Elements of a Valid Contract? - ✔✔1.A manifestation of assent to its terms by
parties who make the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
QUESTIONS AND ANSWERS SURE A+
✔✔Who determines how much HO-6 coverages a Condominium Owner needs? -
✔✔The Association
✔✔Homeowners Coverage A - ✔✔"Dwelling" covers the dwelling building and
structures attached; also construction materials and supplies on or adjacent to the
premises.
✔✔Homeowners Coverage B - ✔✔"Other Structures" covers private structures on the
residence premises that are not attached to the main dwelling.
✔✔4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book
gives 5) - ✔✔1.Detached Garage.
2.Guest House.
3.Fence
4.Tennis Court
5.Storage Building
✔✔Homeowner's Coverage C - ✔✔"Personal Property" covers Property, wherever it is
located, that is owned or used by "an Insured".
✔✔Homeowners Coverage D - ✔✔"Loss of Use" covers increases over normal living
costs if damage from a covered Peril makes the residence unfit for occupancy.
✔✔What is the standard limit for Homeowners Coverage B? - ✔✔10% of the amount
Insured for Coverage A and may not be increased or decreased.
✔✔What is the standard amount for Coverage C - ✔✔50% of Coverage A.
, ✔✔What is the standard limit of Homeowner's Coverage D for: HO-2, HO-3 & HO-5? -
✔✔30% Coverage A
✔✔How many Perils are listed as "General Exclusions" in your textbook? - ✔✔9
✔✔What is the most important Condition that has direct impact on Homeowners
Coverage? - ✔✔Loss Settlement
✔✔When might "Loss Settlement" cover buildings under Coverages A & B to Full
Replacement Cost? - ✔✔If the limit of Insurance at the time of Loss is equal to 80% or
more of the replacement value of the building.
✔✔Statute that requires that when Property is Insured for replacement cost is deemed a
total loss, the full replacement cost without reservation or holdback of depreciation must
be paid. - ✔✔627.7011
✔✔627.7011 - ✔✔Statute that requires that when Property Insured for replacement cost
is deemed a total loss, the full replacement cost without reservation or holdback of
depreciation must be paid.
✔✔Four Additional Homeowners Coverages - ✔✔1. Claims Expense
2. First Aid Expenses
3. Damage to Property of Others
4. Loss Assessment
✔✔Does Hurricane Coverage Occur on a Per Occurrence or an Annual Basis - ✔✔An
annual basis
✔✔What if there is more than one applicable deductible? - ✔✔Only the highest
deductible applies.
✔✔What must the Insured do if they wish to completely reject Windstorm Coverage? -
✔✔Hand write "I DO NOT WANT THE INSURANCE ON MY (HOME/MOBILE
HOME/CONDOMINIUM UNIT) TO PAY FOR DAMAGE FROM WINDSTORMS OR
HURRICANES. I WILL PAY THOSE COSTS. MY INSURANCE WILL NOT."
✔✔How much notice must the insurer give the insured of non-renewal of a
homeowner's Policy? - ✔✔120 Days
✔✔4 Elements of a Valid Contract? - ✔✔1.A manifestation of assent to its terms by
parties who make the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
