Florida Public Adjuster (Set 4)| questions with complete answers
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Course
Public Adjuster
Institution
Liberty University
The Florida Insurance Guaranty Association will pay claims of insolvent member companies up to a maximum of: Correct Answer: In excess of $100 up to $300,000 per claim .
A common carrier is not held liable for the loss of a shipper's goods when the loss results from: Correct Answer: Acts of Go...
florida public adjuster set 4| questions with complete answers
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Liberty University
Public Adjuster
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Florida Public Adjuster (Set 4)| questions with
complete answers
The Florida Insurance Guaranty Association will pay claims of insolvent member companies up
to a maximum of: Correct Answer: In excess of $100 up to $300,000 per claim .
A common carrier is not held liable for the loss of a shipper's goods when the loss results from:
Correct Answer: Acts of God
Name a Homeowners coverage that does not contain a deductible: Correct Answer: Loss of Use/
ALE
Bridges and tunnels may be insured under: Correct Answer: Inland Marine Forms
What is a "sworn statement?" Correct Answer: Anything that Contains language attesting that a
statement is true and is signed by the interviewee is correct.
Under the National Flood Insurance Program, replacement cost coverage is available for: Correct
Answer: Single Family Dwelling on ACV
This term is defined as "any act of stealing" Correct Answer: Theft
An insured who wishes to cover a mobile home while it is being transported from one location to
another would purchase which type of coverage? Correct Answer: the "mobile home
transportation coverage" endorsement for the homeowner policy.
A document that temporarily obligates an insurance company to provide coverage while the
issuance of a policy is pending is known as: Correct Answer: A binder
The insured has suffered a severe storm and some of his trees, shrubs, and plants are heavily
damaged by the wind. How much coverage could the insured expect to receive for his claim
under his DP-3 dwelling policy? Correct Answer: Nothing - Wind is not a specified peril
Which of the following terms would describe a situation where a building is not a total loss but
the cost to repair the building is greater than the value of the building? Correct Answer:
Constructive total loss
What authority does the Florida public adjuster apprentice have in the adjusting of claims?
Correct Answer: The same authority but cannot execute contracts for the services of a public
adjuster or public adjusting firm and may not solicit contracts for the services except under the
direct supervision of the supervisory public adjuster.
If an insured fail to report a claim in a timely fashion the adjuster will usually: Correct Answer:
Send a Reservation of Rights Letter
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