Florida Claims Adjuster Exam 2026
Questions and Answers Graded A+
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ
Banks were listed as additional interests on his homeowner policy. The insurance
company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - Correct answer-D. All listed interests
Remember that the insurer is not responsible to know the degrees of interest. In the
event of a loss, one payment is made by the insurer and it is up to the additional
interests on working out their share.
Insurance applies separately to each insured as if other insureds did not exist. This
is defined as:
A. Severability
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,B. Conditional
C. Warranty
D. None of the above - Correct answer-A. Severability
Property insurance policies usually contain a(n) __________ clause, stating the
insured cannot dump damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - Correct answer-B. Abandonment
A(n) __________ is one wherein economic loss would be suffered from an adverse
happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - Correct answer-D. Insurable Interest
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,States that if the insurer adopts a revision which would broaden coverage without
additional premium within some period of time prior to the policy period or during
the policy period, the insured receives the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - Correct answer-D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection between an
occurrence and damage that grows out of the occurrence, then the resultant damage
is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - Correct answer-A. Doctrine of Proximate
Cause
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, For example, if a property insurance policy covers the peril of fire but further
damage is caused by smoke, water used to extinguish, and the process of moving
property away - fire is considered to be the *proximate cause* of all of the
damage.
The Loss Settlement Valuation that subtracts an allowance for depreciation is
defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above - Correct answer-A. Actual Cash Value
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - Correct answer-A. Warranty
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
Questions and Answers Graded A+
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ
Banks were listed as additional interests on his homeowner policy. The insurance
company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - Correct answer-D. All listed interests
Remember that the insurer is not responsible to know the degrees of interest. In the
event of a loss, one payment is made by the insurer and it is up to the additional
interests on working out their share.
Insurance applies separately to each insured as if other insureds did not exist. This
is defined as:
A. Severability
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,B. Conditional
C. Warranty
D. None of the above - Correct answer-A. Severability
Property insurance policies usually contain a(n) __________ clause, stating the
insured cannot dump damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - Correct answer-B. Abandonment
A(n) __________ is one wherein economic loss would be suffered from an adverse
happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - Correct answer-D. Insurable Interest
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,States that if the insurer adopts a revision which would broaden coverage without
additional premium within some period of time prior to the policy period or during
the policy period, the insured receives the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - Correct answer-D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection between an
occurrence and damage that grows out of the occurrence, then the resultant damage
is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - Correct answer-A. Doctrine of Proximate
Cause
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, For example, if a property insurance policy covers the peril of fire but further
damage is caused by smoke, water used to extinguish, and the process of moving
property away - fire is considered to be the *proximate cause* of all of the
damage.
The Loss Settlement Valuation that subtracts an allowance for depreciation is
defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above - Correct answer-A. Actual Cash Value
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - Correct answer-A. Warranty
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
