Page |1 d d
FLORIDA CLAIMS ADJUSTER EXAM, 6- d d d d
20 ALL LINES ADJUSTER- FLORIDA-
d d d d
d REVIEW 2025| BRAND NEW ACTUAL EXAM WITH 100
d d d d d d d
% VERIFIED QUESTIONS AND CORRECT ANSWERS|
d d d d d d
GUARANTEED VALUE PACK| ACE YOUR GRADES. d d d d d
Peril - Correct Answer-Something that causes a loss.
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Hazard - Correct Answer-d d d
Something that increases the probability that a loss will occur.
d d d d d d d d d
Warranty - Correct Answer- d d d
A policy condition, either based on information in the insureds application or
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inserted by the insurer. It is a guarantee of a fact.
d d d d d d d d d d d
Misrepresentation - Correct Answer- d d d
An untrue statement by the insured, made in an application for insurance but
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which does not become a part of the policy.
d d d d d d d d
Concealment - Correct Answer- d d d
The failure of the insured to reveal relevant facts known to the insured in applyin
d d d d d d d d d d d d d d
g for insurance.
d d
, Page |2 d d
Abandonment - Correct Answer- d d d
Property insurance policies usually contain an abandonment clause, stating t
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he insured cannot dump damaged property on the insurer and demand its full
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value.
d
Severability - Correct Answer- d d d
The insurance applies separately to each insured as if other insureds did not
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exist.
Proximate Cause - Correct Answer- d d d d
The cause having the most significant impact in bringing about the loss unde
d d d d d d d d d d d d
r a first-
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party property insurance policy, when two or more independent perils operat
d d d d d d d d d d
e at the same time (i.e., concurrently) to produce a loss. Courts employ a set
d d d d d d d d d d d d d d d
of rules to resolve causation disputes when a property policy states that it co
d d d d d d d d d d d d d
vers or excludes losses "caused by" a peril and there is more than one peril a
d d d d d d d d d d d d d d d
t work in a fact pattern. Under common law, whether the policy provides cove
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rage depends on which peril is chosen as the proximate cause.
d d d d d d d d d d
Direct Loss - Correct Answer-Physical harm to tangible property.
d d d d d d d d
Indirect Loss - Correct Answer- d d d d
Economic loss which flows as a result of direct loss.
d d d d d d d d d
Actual Cash Value(ACV) - Correct Answer-
d d d d d
Replacement Cost minus Depreciation d d d
, Page |3 d d
Coinsurance - Correct Answer- d d d
The amount, generally expressed as a fixed percentage, an insured must pa
d d d d d d d d d d d
y against a claim after the deductible is satisfied. It's ultimately a way for the i
d d d d d d d d d d d d d d d
nsured and insurer to share responsibility for the risk. It can also help reduce
d d d d d d d d d d d d d d
the cost of the insurance policy premium. Coinsurance can be written on an 8
d d d d d d d d d d d d d
0/20, 90/100, or 100% rule.
d d d d
Personal Contract - Correct Answer- d d d d
Policies cover people who own and operate things, such as automobiles.
d d d d d d d d d d
Conditional Contract - Correct Answer- d d d d
Also called a hypothetical contract, is a contract agreement that only requires
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dperformance once the delineated conditions are met. This legal agreement r
d d d d d d d d d d
equires prior performance of another agreement or clause in order to be enfo
d d d d d d d d d d d d
rceable. If the other agreement or condition is performed, then the conditiona
d d d d d d d d d d d
l contract is enforceable and the parties are bound to carry out the terms of th
d d d d d d d d d d d d d d d
e contract.
d
Contract of Indemnity - Correct Answer- d d d d d
Principle of insurance that provides that when a loss occurs, the insured sho
d d d d d d d d d d d d
uld be restored to the approximate financial condition he/she occupied befor
d d d d d d d d d d
e the loss occurred, no better or no worse.
d d d d d d d d
Insurable Interest - Correct Answer- d d d d
the reasonable concern of a person to obtain insurance for any individual or p
d d d d d d d d d d d d d
roperty against unforeseen events such as death, losses, etc.
d d d d d d d d
, Page |4 d d
Waiver - Correct Answer- d d d
1.) Implied voluntary relinquishment, abandoning a legal advantage, need, cl
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aim or right. d d
2.) Agreement or added clause of a policy that excludes some losses or limits
d d d d d d d d d d d d d d
the sum of a claim, or extends coverage to add items not in a normal policy.
d d d d d d d d d d d d d d d
Express Waiver - Correct Answer- d d d d
Occurs when the insurer or its representative knowingly gives up a known rig
d d d d d d d d d d d d
ht under the insurance contract.
d d d d
Implied Waiver - Correct Answer-
d d d d
A waiver that is assumed to be in effect from a person's behavior and shows h
d d d d d d d d d d d d d d d
e is waiving a right.
d d d d
Damages - Correct Answer- d d d
Monetary compensation that is awarded by a court in a civil action to an indivi
d d d d d d d d d d d d d d
dual who has been injured through the wrongful conduct of another party.
d d d d d d d d d d d
Subrogation - Correct Answer- d d d
When an insured has a right to collect damages from another party, but inste
d d d d d d d d d d d d d
ad elects to claim the damages under his insurance policy, his rights against t
d d d d d d d d d d d d d
he other party are transferred to the insurer.
d d d d d d d
FLORIDA CLAIMS ADJUSTER EXAM, 6- d d d d
20 ALL LINES ADJUSTER- FLORIDA-
d d d d
d REVIEW 2025| BRAND NEW ACTUAL EXAM WITH 100
d d d d d d d
% VERIFIED QUESTIONS AND CORRECT ANSWERS|
d d d d d d
GUARANTEED VALUE PACK| ACE YOUR GRADES. d d d d d
Peril - Correct Answer-Something that causes a loss.
d d d d d d d
Hazard - Correct Answer-d d d
Something that increases the probability that a loss will occur.
d d d d d d d d d
Warranty - Correct Answer- d d d
A policy condition, either based on information in the insureds application or
d d d d d d d d d d d
inserted by the insurer. It is a guarantee of a fact.
d d d d d d d d d d d
Misrepresentation - Correct Answer- d d d
An untrue statement by the insured, made in an application for insurance but
d d d d d d d d d d d d d
which does not become a part of the policy.
d d d d d d d d
Concealment - Correct Answer- d d d
The failure of the insured to reveal relevant facts known to the insured in applyin
d d d d d d d d d d d d d d
g for insurance.
d d
, Page |2 d d
Abandonment - Correct Answer- d d d
Property insurance policies usually contain an abandonment clause, stating t
d d d d d d d d d
he insured cannot dump damaged property on the insurer and demand its full
d d d d d d d d d d d d
value.
d
Severability - Correct Answer- d d d
The insurance applies separately to each insured as if other insureds did not
d d d d d d d d d d d d d
exist.
Proximate Cause - Correct Answer- d d d d
The cause having the most significant impact in bringing about the loss unde
d d d d d d d d d d d d
r a first-
d d
party property insurance policy, when two or more independent perils operat
d d d d d d d d d d
e at the same time (i.e., concurrently) to produce a loss. Courts employ a set
d d d d d d d d d d d d d d d
of rules to resolve causation disputes when a property policy states that it co
d d d d d d d d d d d d d
vers or excludes losses "caused by" a peril and there is more than one peril a
d d d d d d d d d d d d d d d
t work in a fact pattern. Under common law, whether the policy provides cove
d d d d d d d d d d d d d
rage depends on which peril is chosen as the proximate cause.
d d d d d d d d d d
Direct Loss - Correct Answer-Physical harm to tangible property.
d d d d d d d d
Indirect Loss - Correct Answer- d d d d
Economic loss which flows as a result of direct loss.
d d d d d d d d d
Actual Cash Value(ACV) - Correct Answer-
d d d d d
Replacement Cost minus Depreciation d d d
, Page |3 d d
Coinsurance - Correct Answer- d d d
The amount, generally expressed as a fixed percentage, an insured must pa
d d d d d d d d d d d
y against a claim after the deductible is satisfied. It's ultimately a way for the i
d d d d d d d d d d d d d d d
nsured and insurer to share responsibility for the risk. It can also help reduce
d d d d d d d d d d d d d d
the cost of the insurance policy premium. Coinsurance can be written on an 8
d d d d d d d d d d d d d
0/20, 90/100, or 100% rule.
d d d d
Personal Contract - Correct Answer- d d d d
Policies cover people who own and operate things, such as automobiles.
d d d d d d d d d d
Conditional Contract - Correct Answer- d d d d
Also called a hypothetical contract, is a contract agreement that only requires
d d d d d d d d d d d
dperformance once the delineated conditions are met. This legal agreement r
d d d d d d d d d d
equires prior performance of another agreement or clause in order to be enfo
d d d d d d d d d d d d
rceable. If the other agreement or condition is performed, then the conditiona
d d d d d d d d d d d
l contract is enforceable and the parties are bound to carry out the terms of th
d d d d d d d d d d d d d d d
e contract.
d
Contract of Indemnity - Correct Answer- d d d d d
Principle of insurance that provides that when a loss occurs, the insured sho
d d d d d d d d d d d d
uld be restored to the approximate financial condition he/she occupied befor
d d d d d d d d d d
e the loss occurred, no better or no worse.
d d d d d d d d
Insurable Interest - Correct Answer- d d d d
the reasonable concern of a person to obtain insurance for any individual or p
d d d d d d d d d d d d d
roperty against unforeseen events such as death, losses, etc.
d d d d d d d d
, Page |4 d d
Waiver - Correct Answer- d d d
1.) Implied voluntary relinquishment, abandoning a legal advantage, need, cl
d d d d d d d d d
aim or right. d d
2.) Agreement or added clause of a policy that excludes some losses or limits
d d d d d d d d d d d d d d
the sum of a claim, or extends coverage to add items not in a normal policy.
d d d d d d d d d d d d d d d
Express Waiver - Correct Answer- d d d d
Occurs when the insurer or its representative knowingly gives up a known rig
d d d d d d d d d d d d
ht under the insurance contract.
d d d d
Implied Waiver - Correct Answer-
d d d d
A waiver that is assumed to be in effect from a person's behavior and shows h
d d d d d d d d d d d d d d d
e is waiving a right.
d d d d
Damages - Correct Answer- d d d
Monetary compensation that is awarded by a court in a civil action to an indivi
d d d d d d d d d d d d d d
dual who has been injured through the wrongful conduct of another party.
d d d d d d d d d d d
Subrogation - Correct Answer- d d d
When an insured has a right to collect damages from another party, but inste
d d d d d d d d d d d d d
ad elects to claim the damages under his insurance policy, his rights against t
d d d d d d d d d d d d d
he other party are transferred to the insurer.
d d d d d d d
