FL All Lines Claims Adjuster questions with correct answers

What is an eligible building for flood insurance? CORRECT ANSWER A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? CORRECT ANSWER Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? CORRECT ANSWER No, HO-4 (Renters personal property) What is casual labor in workers' compensation? CORRECT ANSWER Labor that is casual, irregular, limited or temporary purpose. What is the waiting period for worker's compensation disability? CORRECT ANSWER 7 days prior to the payment of disability benefits. If a disability lasts more than 21 days, benefits will be paid from the first day of injury. What are the parties to a surety bond CORRECT ANSWER Principle, Obligee, Surety, and Indemnitor How does a crime policy value money and securities? CORRECT ANSWER Money is valued at face value. Securities are valued on the day the loss was discovered. How is the employee theft coverage