PACKAGE DEAL FOR Florida Claims Adjuster Exam Questions & Answers(Latest Update 2023)PACKAGE DEAL FOR Florida Claims Adjuster Exam Questions & Answers(Latest Update 2023)PACKAGE DEAL FOR Florida Claims Adjuster Exam Questions & Answers(Latest Update 2023)PACKAGE DEAL FOR Florida Claims Adjuster Exa...
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The insurer and insured agree to a specific value of insured item - ANSWER Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER Bailee Claim filed by policy holder against his _ - ANSWER First Party Claim When a person who entrusts another with an o...
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Add to cartThe insurer and insured agree to a specific value of insured item - ANSWER Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER Bailee Claim filed by policy holder against his _ - ANSWER First Party Claim When a person who entrusts another with an o...
Severability - ANSWERInsurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWERProperty insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable I...
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Add to cartSeverability - ANSWERInsurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWERProperty insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable I...
The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWERLoss of Settlement Contract The Insurer's responsibility to pay for a property loss may b...
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Add to cartThe following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWERLoss of Settlement Contract The Insurer's responsibility to pay for a property loss may b...
Peril - ANSWERSomething that causes a loss. Hazard - ANSWERSomething that increases the probability that a loss will occur. Warranty - ANSWERA policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation...
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Add to cartPeril - ANSWERSomething that causes a loss. Hazard - ANSWERSomething that increases the probability that a loss will occur. Warranty - ANSWERA policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation...
A claim in the property/casualty industry Is defined as: - ANSWER an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER peace of mind...
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Add to cartA claim in the property/casualty industry Is defined as: - ANSWER an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER peace of mind...
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