Florida Claims Adjuster Exam: Questions &
Answers:
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
(Ans-
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
(Ans- 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
(Ans- C. 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
(Ans- 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
(Ans-
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
(Ans- 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 (Ans- 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
D. The insureds suitcase and clothing, valued at $1,500, are stolen from
his hotel
(Ans-
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
(Ans-
D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
Answers:
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
(Ans-
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
(Ans- 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
(Ans- C. 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
(Ans- 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
(Ans-
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
(Ans- 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 (Ans- 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
D. The insureds suitcase and clothing, valued at $1,500, are stolen from
his hotel
(Ans-
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
(Ans-
D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
