lOMoAR cPSD| 22896205
FLORIDA CLAIMS ADJUSTER 270+
REAL EXAM QUESTIONS AND
CORRECT ANSWERS|AGRADE
LATEST EXAM 2023-2024
The Business Automobile Policy includes all of the following coverage
forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form - ANSWER- B. The Trailer
Interchange Coverage Form
Personal Injury Protection, or PIP, has a per person, per accident
limit. A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property - ANSWER- A. 10,000
Used to insure businesses engaged in selling, servicing, repairing,
parking or storing automobiles:
A. Servicing Coverage Form
B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above - ANSWER- B. Garage Coverage Form
The following examples are referred to as liability limits: 25/50/25 or
10/20/10.
A. Split
B. Single
C. Straight
D. None of the Above - ANSWER- A. Split
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
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?
A. $1,600
B. $1,000
C. $2,400
D. $3,000 - ANSWER- A. $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?
A. $15,000
B. $5,000
C. $3,000
D. $0, Frank is not-at-fault - ANSWER- B. $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?
A. Type of Construction
B. Location of Risk
C. Age & Gender of Insured
D. Proximity to Fire Department - ANSWER- C. Age & Gender of
Insured
On a Homeowner's Policy, covers items that are not permanently
attached to the dwelling. This is defined as:
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
A. Other StructuresB. Excess Structures
C. Personal Property
D. Dwelling - ANSWER- A. 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:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause - ANSWER- B. Mortgagee Clause
Mortgagee - Homeowner's policy Loss
Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
A. DP-1, or the Basic Form
B. DP-2, or the Broad
C. DP-3, or the Special Form
D. None of the Above - ANSWER- C. 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 - ANSWER- C. 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
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
D. The insureds suitcase and clothing, valued at $1,500, are stolen from
his hotel - 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.
All of the following are eligible for a Homeowner's Policy, except?
A. An apartment tenant
B. A condominium owner
C. Four-family dwelling owner-occupant
D. A business condo owned by a local insurance company - ANSWER-
D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property
and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above - ANSWER- D. All of the Above Also included:
personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
The following are basic characteristics of a property or liability
insurance contract, except: A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - ANSWER- Loss of Settlement Contract
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?
A. Conditional Contract
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
FLORIDA CLAIMS ADJUSTER 270+
REAL EXAM QUESTIONS AND
CORRECT ANSWERS|AGRADE
LATEST EXAM 2023-2024
The Business Automobile Policy includes all of the following coverage
forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form - ANSWER- B. The Trailer
Interchange Coverage Form
Personal Injury Protection, or PIP, has a per person, per accident
limit. A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property - ANSWER- A. 10,000
Used to insure businesses engaged in selling, servicing, repairing,
parking or storing automobiles:
A. Servicing Coverage Form
B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above - ANSWER- B. Garage Coverage Form
The following examples are referred to as liability limits: 25/50/25 or
10/20/10.
A. Split
B. Single
C. Straight
D. None of the Above - ANSWER- A. Split
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
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?
A. $1,600
B. $1,000
C. $2,400
D. $3,000 - ANSWER- A. $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?
A. $15,000
B. $5,000
C. $3,000
D. $0, Frank is not-at-fault - ANSWER- B. $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?
A. Type of Construction
B. Location of Risk
C. Age & Gender of Insured
D. Proximity to Fire Department - ANSWER- C. Age & Gender of
Insured
On a Homeowner's Policy, covers items that are not permanently
attached to the dwelling. This is defined as:
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
A. Other StructuresB. Excess Structures
C. Personal Property
D. Dwelling - ANSWER- A. 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:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause - ANSWER- B. Mortgagee Clause
Mortgagee - Homeowner's policy Loss
Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
A. DP-1, or the Basic Form
B. DP-2, or the Broad
C. DP-3, or the Special Form
D. None of the Above - ANSWER- C. 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 - ANSWER- C. 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
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
, lOMoAR cPSD| 22896205
D. The insureds suitcase and clothing, valued at $1,500, are stolen from
his hotel - 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.
All of the following are eligible for a Homeowner's Policy, except?
A. An apartment tenant
B. A condominium owner
C. Four-family dwelling owner-occupant
D. A business condo owned by a local insurance company - ANSWER-
D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property
and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above - ANSWER- D. All of the Above Also included:
personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
The following are basic characteristics of a property or liability
insurance contract, except: A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - ANSWER- Loss of Settlement Contract
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?
A. Conditional Contract
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-2025 |
