1
GEORGIA CLAIMS ADJUSTER LICENSING
EXAM 2025 / GA CLAIMS ADJUSTER
EXAM 130 QUESTIONS AND CORRECT
DETAILED ANSWER
Property not covered by flood insurance - (ANSWER)Basements and underground
structures (ex. septic tanks), animals, money/accounts/bills, land, anything else
covered by other policies (motor vehicles, aircraft, watercraft)
Loss Valuation on flood insurance - (ANSWER)(amount of insurance
purchased/80% Dwellings Total replacement cost) x Loss Amount
Standard deductible on flood insurance - (ANSWER)$1K for Dwelling and $1K for
Content
Personal Inland Marine Insurance - (ANSWER)Floaters or policies for world-wide
coverage of personal property on an open-peril basis.
Flood exclusion from Personal Inland Marine Insurance - (ANSWER)NOPE. It's
covered!
Floaters available on Personal Inland Marine Insurance - (ANSWER)Personal
Articles Floaters, Personal Property Floaters, and Personal Effects Floaters
, 2
Perils covered under Personal Inland Marine Insurance floaters - (ANSWER)all;
open-peril
Appropriate PIMI floater for a diamond ring - (ANSWER)Personal Articles Floater -
itemizes valuables such as jewelry and furs
Personal Effects Floater - (ANSWER)world-wide open peril coverage of personal
property for people who are traveling - luggage, sports equipment, clothes, and
camera. NO DEDUCTIBLE.
Personal Property Floater - (ANSWER)World-wide open peril coverage of
personal property - usually for special occasions like weddings or exhibitions.
There is a blanket limit!
Personal inland marine insurance coverage for flood - (ANSWER)Yes. Somehow.
Coverage not available under Standard Flood Insurance Policy - (ANSWER)A. Loss
of Use
Maximum days Standard Flood Insurance Policy covers property removed -
(ANSWER)d. 45 days
Where to purchase additional coverage if NFIP limits are inadequate -
(ANSWER)d. Difference in Conditions Policy
, 3
Yacht definition - (ANSWER)"Swim Swam" - a sailboat with an auxiliary inboard
motor.
Lay-Up warranty in Yacht insurance - (ANSWER)During months when a watercraft
is not in use - typically in winter - a discount is applied to premium.
Community Eligibility coverage - (ANSWER)Flood insurance through FEMA
Difference between Emergency Program and Regular Program in NFIP -
(ANSWER)Emergency applies to homes in communities that are normally not a
flood hazard. Regular programs are awarded to an entire community that is
eligible due to flood hazard.
Flood coverage on a regular program in a 1-4 Family Dwelling -
(ANSWER)$250,000
Policy to add the Flood Program endorsement - (ANSWER)None! It has its own
policy through the Federal Government.
Difference in Conditions (DIC) Insurance - (ANSWER)A separate insurance policy
that provides open-perils coverage to fill in the gaps left by flood coverage if a
home is worth over $250K. Coverage is produced through Excess/Surplus Lines.
Waiting period on NFIP coverage - (ANSWER)30 days after policy purchase
GEORGIA CLAIMS ADJUSTER LICENSING
EXAM 2025 / GA CLAIMS ADJUSTER
EXAM 130 QUESTIONS AND CORRECT
DETAILED ANSWER
Property not covered by flood insurance - (ANSWER)Basements and underground
structures (ex. septic tanks), animals, money/accounts/bills, land, anything else
covered by other policies (motor vehicles, aircraft, watercraft)
Loss Valuation on flood insurance - (ANSWER)(amount of insurance
purchased/80% Dwellings Total replacement cost) x Loss Amount
Standard deductible on flood insurance - (ANSWER)$1K for Dwelling and $1K for
Content
Personal Inland Marine Insurance - (ANSWER)Floaters or policies for world-wide
coverage of personal property on an open-peril basis.
Flood exclusion from Personal Inland Marine Insurance - (ANSWER)NOPE. It's
covered!
Floaters available on Personal Inland Marine Insurance - (ANSWER)Personal
Articles Floaters, Personal Property Floaters, and Personal Effects Floaters
, 2
Perils covered under Personal Inland Marine Insurance floaters - (ANSWER)all;
open-peril
Appropriate PIMI floater for a diamond ring - (ANSWER)Personal Articles Floater -
itemizes valuables such as jewelry and furs
Personal Effects Floater - (ANSWER)world-wide open peril coverage of personal
property for people who are traveling - luggage, sports equipment, clothes, and
camera. NO DEDUCTIBLE.
Personal Property Floater - (ANSWER)World-wide open peril coverage of
personal property - usually for special occasions like weddings or exhibitions.
There is a blanket limit!
Personal inland marine insurance coverage for flood - (ANSWER)Yes. Somehow.
Coverage not available under Standard Flood Insurance Policy - (ANSWER)A. Loss
of Use
Maximum days Standard Flood Insurance Policy covers property removed -
(ANSWER)d. 45 days
Where to purchase additional coverage if NFIP limits are inadequate -
(ANSWER)d. Difference in Conditions Policy
, 3
Yacht definition - (ANSWER)"Swim Swam" - a sailboat with an auxiliary inboard
motor.
Lay-Up warranty in Yacht insurance - (ANSWER)During months when a watercraft
is not in use - typically in winter - a discount is applied to premium.
Community Eligibility coverage - (ANSWER)Flood insurance through FEMA
Difference between Emergency Program and Regular Program in NFIP -
(ANSWER)Emergency applies to homes in communities that are normally not a
flood hazard. Regular programs are awarded to an entire community that is
eligible due to flood hazard.
Flood coverage on a regular program in a 1-4 Family Dwelling -
(ANSWER)$250,000
Policy to add the Flood Program endorsement - (ANSWER)None! It has its own
policy through the Federal Government.
Difference in Conditions (DIC) Insurance - (ANSWER)A separate insurance policy
that provides open-perils coverage to fill in the gaps left by flood coverage if a
home is worth over $250K. Coverage is produced through Excess/Surplus Lines.
Waiting period on NFIP coverage - (ANSWER)30 days after policy purchase
