Mastering Florida Adjusters License Exam Part
11: Final Prep Guide real exam!!!!
The Liberalization Clause in an insurance policy: - -ANSWER-states that any change to a policy form that
broadens coverage without increasing the premium will automatically apply to existing policies.
During a terrible storm, Theresa's home suffers $200,000 in damage. $60,000 of this damage was caused
by flooding, which is specifically excluded from Theresa's policy. She attempts to persuade her adjuster
to cover at least half of the flood damage, but her efforts are to no avail. This is because: - -ANSWER-the
policy's coverage is non-negotiable.
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. Negotiation between Bob and his insurer seems to be failing. Due to the
unpredictability of the result, which of the following options should be avoided by the insurer if
possible? - -ANSWER-Litigation
Which of the following is not the responsibility of the claimant? - -ANSWER-It is the insurer's
responsibility to dispatch an adjuster to investigate the claim.
As an insurance adjuster, Heather is responsible for updating and maintaining an accurate record of all
the information pertinent to an individual's insurance claim, including copies of all written
documentation, photos and property sketches, witness statements, and copies of medical bills. What is
this record called? - -ANSWER-Claim file
11: Final Prep Guide real exam!!!!
The Liberalization Clause in an insurance policy: - -ANSWER-states that any change to a policy form that
broadens coverage without increasing the premium will automatically apply to existing policies.
During a terrible storm, Theresa's home suffers $200,000 in damage. $60,000 of this damage was caused
by flooding, which is specifically excluded from Theresa's policy. She attempts to persuade her adjuster
to cover at least half of the flood damage, but her efforts are to no avail. This is because: - -ANSWER-the
policy's coverage is non-negotiable.
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. Negotiation between Bob and his insurer seems to be failing. Due to the
unpredictability of the result, which of the following options should be avoided by the insurer if
possible? - -ANSWER-Litigation
Which of the following is not the responsibility of the claimant? - -ANSWER-It is the insurer's
responsibility to dispatch an adjuster to investigate the claim.
As an insurance adjuster, Heather is responsible for updating and maintaining an accurate record of all
the information pertinent to an individual's insurance claim, including copies of all written
documentation, photos and property sketches, witness statements, and copies of medical bills. What is
this record called? - -ANSWER-Claim file
