100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Florida Claims Adjuster Exam Practice Questions and Answers $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Adjuster
  4.  
  5. Adjuster

Exam (elaborations)

Florida Claims Adjuster Exam Practice Questions and Answers
 2 views  0 purchase
  • Course
  • Adjuster
  • Institution
  • Adjuster

Florida Claims Adjuster Exam Practice Questions and 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. Join...

[Show more]

Preview 4 out of 78  pages

Document information

  • October 22, 2024
  • 78
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida claims adjuster exam practice questions an

Written for

  • Adjuster
  • Adjuster

Seller

avatar-seller
GraceAmelia

Reviews received

Content preview

©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Florida Claims Adjuster Exam Practice Questions and 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 - Ans:✔✔-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 - Ans:✔✔-A. Severability


Page 1/78

, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump

damaged property on the insurer and demand its full value:


A. Pro Rata


B. Abandonment


C. Liberalization


D. All of the above - Ans:✔✔-B. Abandonment


A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the

subject:


A. Conditional Contract


B. Personal Contract


C. Economic Contract


D. Insurable Interest - Ans:✔✔-D. Insurable Interest


States that if the insurer adopts a revision which would broaden coverage without additional premium

within some period of time prior to the policy period or during the policy period, the insured receives

the benefit of such broadened coverage.


A. Cancellation Clause

Page 2/78

, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




B. Policy Period


C. Pro Rata


D. Liberalization - Ans:✔✔-D. Liberalization


The time frame is typically 60 days.


The __________ states that when there is an unbroken connection between an occurrence and damage

that grows out of the occurrence, then the resultant damage is all a part of the occurrence.


A. Doctrine of Proximate Cause


B. Doctrine of Perils & Hazards


C. Insurance Policy Handbook


D. Doctrine of Property Insurance - Ans:✔✔-A. Doctrine of Proximate Cause


For example, if a property insurance policy covers the peril of fire but further damage is caused by

smoke, water used to extinguish, and the process of moving property away - fire is considered to be the

*proximate cause* of all of the damage.


The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?


A. Actual Cash Value




Page 3/78

, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




B. Replacement Cost


C. "Old for New"


D. None of the Above - Ans:✔✔-A. Actual Cash Value


A policy condition, either based on information in the insured's application or inserted by the insurer, is

defined as:


A. Warranty


B. Misrepresentation


C. Concealment


D. None of the Above - Ans:✔✔-A. Warranty


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 - Ans:✔✔-C. Loss of Settlement Contract




Page 4/78

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GraceAmelia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85443 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart