- Study guides, Class notes & Summaries

COPYRIGHT © 2025 FYNDLAY ALL RIGHTS RESERVED 4 D. The opposing parties submit their evidence to the appraiser, who makes a final and binding decision. - ANS A. The claimant and the insurer each select an appraiser, and those two select an umpire. Bob's home was severely damaged by a thunderstorm and he claims it will cost $74,000 to repair. His insurer has investigated the claim, found the repairs could be done for $49,000, and has offered Bob this amount of indemnification. Negotiatio...

FLORIDA CERTIFIED ADJUSTER PRE

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 4:02AM. 1 Florida Certified Adjuster Pre-Licensing Exam Questions And Answers 2025 Update. Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He also recently purchased a $100,000 life insurance policy from the organization. This was possible because the Knights of Columbus is: - Answera fraternal benefit society Jason's auto policy states that the insurer may cancel coverag...

FLORIDA CERTIFIED ADJUSTER PRACTICE EXAM NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS(DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!

Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - answer-$250,000 When is a self-insured retention applied in an umbrella policy? - answer-When ...

Florida Certified Adjuster Pre-Licensing Exam Questions And Answers

Adjuster Pro - Florida Certified Adjuster Glossary 2023 Questions and Answers 100% verified Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - CORRECT ANS One ...

Jane has $150,000 homeowners policy with a 3% percentage deductible. One night, In oven fire destroys her kitchen, causing $50,000 in damage. How much of the damage falls under Janes responsibility? - ANSWER-$4,500 Xavier owns a small insurance company. Recently the company want to bid to ensure a new housing development in Omaha, Nebraska. His company can handle any claims that arise, but if a series of tornadoes were to tear through the area and destroy the entire development, Xavier's com...