Florida Claims Adjuster
Exam | 300 Questions with
100% Correct Answers
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 - ANSWERB. 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 - ANSWERA. 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 - ANSWERB. 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 - ANSWERA. Split
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 - ANSWERA. $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 - ANSWERB. $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 - ANSWERC. Age & Gender of Insured
, On a Homeowner's Policy, covers items that are not permanently attached to the
dwelling. This is defined as:
A. Other Structures
B. Excess Structures
C. Personal Property
D. Dwelling - ANSWERA. 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 - ANSWERB. 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 - ANSWERC. 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 - ANSWERC. 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
, D. The insureds suitcase and clothing, valued at $1,500, are stolen from his hotel -
ANSWERB. 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 - ANSWERD. 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 - ANSWERD. All of the Above
Also included: personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
Jeremy owns a home that is recently damaged due to a hurricane. The repair
estimate is averaged at $25,000 and Jeremy decides to stay in a hotel because most
of the damage is to his bedroom and kitchen. Under a Homeowner's Policy, what
coverage will pay for the hotel room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties - ANSWERC. Loss of Use
The insurer will pay any necessary and reasonable expenses associated with a daily
living routine.
An insured who wishes to purchase flood insurance, but is located in a moderate
or low risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
Exam | 300 Questions with
100% Correct Answers
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 - ANSWERB. 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 - ANSWERA. 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 - ANSWERB. 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 - ANSWERA. Split
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 - ANSWERA. $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 - ANSWERB. $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 - ANSWERC. Age & Gender of Insured
, On a Homeowner's Policy, covers items that are not permanently attached to the
dwelling. This is defined as:
A. Other Structures
B. Excess Structures
C. Personal Property
D. Dwelling - ANSWERA. 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 - ANSWERB. 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 - ANSWERC. 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 - ANSWERC. 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
, D. The insureds suitcase and clothing, valued at $1,500, are stolen from his hotel -
ANSWERB. 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 - ANSWERD. 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 - ANSWERD. All of the Above
Also included: personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
Jeremy owns a home that is recently damaged due to a hurricane. The repair
estimate is averaged at $25,000 and Jeremy decides to stay in a hotel because most
of the damage is to his bedroom and kitchen. Under a Homeowner's Policy, what
coverage will pay for the hotel room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties - ANSWERC. Loss of Use
The insurer will pay any necessary and reasonable expenses associated with a daily
living routine.
An insured who wishes to purchase flood insurance, but is located in a moderate
or low risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
