FLORIDA PUBLIC ADJUSTER 3-20 VERSION 1,2
& 3 2024-2025 NEWEST EXAM ACTUAL EXAM
DETAILED QUESTIONS AND GUARANTEED
ANSWERS ALREADY GRADED A+.REVISED
A new, unused vehicle is not required to be inspected prior to obtaining physical damage insurance
coverage if the insurer is provided with: - ANSWER>>the insured can prove to the insurer with a bill of
sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim is covered, the insurer must cover that claim. The insurer
would be prohibited from or estopped from denying it, even if the policy clearly excluded the claim. This
is known as: - ANSWER>>Estoppel
Sprinkler Leakage Insurance does not provide coverage for: - ANSWER>>Growing Crops (Crop insurance
is separate)
Personal Property under HO-3 is covered on a - ANSWER>>Named Peril basis
Personal Property under HO-5 is covered on - ANSWER>>an open peril basis
Debris removal is included in the dwelling and contents coverage, but is limited to -
ANSWER>>reasonable expenses
If a commercial building has been vacant for more than 60 days, the following peril(s) are affected as
regards to coverage: - ANSWER>>Vandalism
Freezing
Fire
A personal insurance policy that includes both personal property and personal liability coverages
without endorsement: - ANSWER>>Homeowners Policy
Under a Commercial Package Policy, how many days does one have to notify the insurance company of
a claim? - ANSWER>>The insurer must notify promptly. The number of days are not specific.
What are the continuing education requirements for public adjusters? - ANSWER>>24 hours of
continuing education (5 hours law and ethics/ 19 hours online approved course by the DFS for public
adjusters)
, A policy which the policyholder is required to report the values of insured property to the company at
certain intervals is known as a: - ANSWER>>Reporting Form Policy
Reporting form policy requires the insured to insure the property at what %? - ANSWER>>100%
Reporting form policy requires the insured to report what % of the value of the insured property? -
ANSWER>>100%
Medical Payment Coverage under a homeowner policy excludes: - ANSWER>>anyone living in the
insured residence.
Under the BOP, up to how many years can the insurer request to examine the books and records of an
insured? - ANSWER>>3 years
How much are damaged or loss to signs limited to even when it is attached to the building and
considered part of the building? - ANSWER>>$1000
Name a common feature to most property insured under a commercial inland marine policy. -
ANSWER>>Usually in Transit
What is an unendorsed commercial building and personal property form, loss valuation based on? -
ANSWER>>ACV
Common carriers are responsible for damage to customer goods they transport except for damage
resulting from: - ANSWER>>Acts of God
Commercial Property Builders Risk Coverage Form covers: - ANSWER>>Buildings under construction
Foundation of a building under construction
Fixtures, machinery, and equipment used to service the building if they become a permanent part of the
building and are located within 100 feet of the premises
Under the BOP, how much is paid for pollution clean-up and removal in case of a covered loss? -
ANSWER>>$10,000
Every licensee must notify the Department of a change of business address within: - ANSWER>>30 days
DP-2 virtually excludes all forms of what? - ANSWER>>Earth Movement
What type of coverage provides coverage for all perils, unless that peril is specifically excluded? -
ANSWER>>Open Perils
& 3 2024-2025 NEWEST EXAM ACTUAL EXAM
DETAILED QUESTIONS AND GUARANTEED
ANSWERS ALREADY GRADED A+.REVISED
A new, unused vehicle is not required to be inspected prior to obtaining physical damage insurance
coverage if the insurer is provided with: - ANSWER>>the insured can prove to the insurer with a bill of
sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim is covered, the insurer must cover that claim. The insurer
would be prohibited from or estopped from denying it, even if the policy clearly excluded the claim. This
is known as: - ANSWER>>Estoppel
Sprinkler Leakage Insurance does not provide coverage for: - ANSWER>>Growing Crops (Crop insurance
is separate)
Personal Property under HO-3 is covered on a - ANSWER>>Named Peril basis
Personal Property under HO-5 is covered on - ANSWER>>an open peril basis
Debris removal is included in the dwelling and contents coverage, but is limited to -
ANSWER>>reasonable expenses
If a commercial building has been vacant for more than 60 days, the following peril(s) are affected as
regards to coverage: - ANSWER>>Vandalism
Freezing
Fire
A personal insurance policy that includes both personal property and personal liability coverages
without endorsement: - ANSWER>>Homeowners Policy
Under a Commercial Package Policy, how many days does one have to notify the insurance company of
a claim? - ANSWER>>The insurer must notify promptly. The number of days are not specific.
What are the continuing education requirements for public adjusters? - ANSWER>>24 hours of
continuing education (5 hours law and ethics/ 19 hours online approved course by the DFS for public
adjusters)
, A policy which the policyholder is required to report the values of insured property to the company at
certain intervals is known as a: - ANSWER>>Reporting Form Policy
Reporting form policy requires the insured to insure the property at what %? - ANSWER>>100%
Reporting form policy requires the insured to report what % of the value of the insured property? -
ANSWER>>100%
Medical Payment Coverage under a homeowner policy excludes: - ANSWER>>anyone living in the
insured residence.
Under the BOP, up to how many years can the insurer request to examine the books and records of an
insured? - ANSWER>>3 years
How much are damaged or loss to signs limited to even when it is attached to the building and
considered part of the building? - ANSWER>>$1000
Name a common feature to most property insured under a commercial inland marine policy. -
ANSWER>>Usually in Transit
What is an unendorsed commercial building and personal property form, loss valuation based on? -
ANSWER>>ACV
Common carriers are responsible for damage to customer goods they transport except for damage
resulting from: - ANSWER>>Acts of God
Commercial Property Builders Risk Coverage Form covers: - ANSWER>>Buildings under construction
Foundation of a building under construction
Fixtures, machinery, and equipment used to service the building if they become a permanent part of the
building and are located within 100 feet of the premises
Under the BOP, how much is paid for pollution clean-up and removal in case of a covered loss? -
ANSWER>>$10,000
Every licensee must notify the Department of a change of business address within: - ANSWER>>30 days
DP-2 virtually excludes all forms of what? - ANSWER>>Earth Movement
What type of coverage provides coverage for all perils, unless that peril is specifically excluded? -
ANSWER>>Open Perils
