Florida Claims Adjuster Exam UPDATED 2024
EXAM 206 QUESTIONS AND DETAILED ANSWERS
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
B. Conditional
C. Warranty
D. None of the above - ✔️CORRECT ANSWER✅-A. Severability
,The insurer will pay any necessary and reasonable expenses associated
with a daily living routine.
An insured who wishes to purchase flood insurance, but is located in a
moderate or low risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
B. Standard Flood Policy
C. Universal Flood Insurance
D. None of the Above - ✔️CORRECT ANSWER✅-A. Preferred Risk
Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners
business personal property and the personal property of others in the
insured's care, custody or control:
A. Condominium Dwelling Form
B. Personal Condominium Unit Owners Form
C. Condominium Unit Owners Form
D. None of the Above - ✔️CORRECT ANSWER✅-C. Condominium Unit
Owners Form
Does not cover buildings since coverage would typically be provided
under the Condo Association coverage form issued.
,The Commercial Property Contract includes all of the following, except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule - ✔️CORRECT ANSWER✅-D. Commercial
Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
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 - ✔️CORRECT ANSWER✅-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 - ✔️CORRECT
ANSWER✅-D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property
and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above - ✔️CORRECT ANSWER✅-D. All of the Above
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
Jeremy owns a home that is recently damaged due to a hurricane. The
repair estimate is averaged at $25,000 and Jeremy decides to stay in a
hotel because most of the damage is to his bedroom and kitchen.
Under a Homeowner's Policy, what coverage will pay for the hotel
room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties - ✔️CORRECT ANSWER✅-C. Loss of Use
EXAM 206 QUESTIONS AND DETAILED ANSWERS
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
B. Conditional
C. Warranty
D. None of the above - ✔️CORRECT ANSWER✅-A. Severability
,The insurer will pay any necessary and reasonable expenses associated
with a daily living routine.
An insured who wishes to purchase flood insurance, but is located in a
moderate or low risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
B. Standard Flood Policy
C. Universal Flood Insurance
D. None of the Above - ✔️CORRECT ANSWER✅-A. Preferred Risk
Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners
business personal property and the personal property of others in the
insured's care, custody or control:
A. Condominium Dwelling Form
B. Personal Condominium Unit Owners Form
C. Condominium Unit Owners Form
D. None of the Above - ✔️CORRECT ANSWER✅-C. Condominium Unit
Owners Form
Does not cover buildings since coverage would typically be provided
under the Condo Association coverage form issued.
,The Commercial Property Contract includes all of the following, except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule - ✔️CORRECT ANSWER✅-D. Commercial
Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
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 - ✔️CORRECT ANSWER✅-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 - ✔️CORRECT
ANSWER✅-D. A business condo owned by a local insurance company
Commercial property is not eligible for a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property
and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above - ✔️CORRECT ANSWER✅-D. All of the Above
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
Jeremy owns a home that is recently damaged due to a hurricane. The
repair estimate is averaged at $25,000 and Jeremy decides to stay in a
hotel because most of the damage is to his bedroom and kitchen.
Under a Homeowner's Policy, what coverage will pay for the hotel
room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties - ✔️CORRECT ANSWER✅-C. Loss of Use
