COMPLETE STUDY GUIDE Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Question and Answers [100% Correct] 2025/2026
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Florida Claims adjuster
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Florida Claims Adjuster
COMPLETE STUDY GUIDE Florida
Claims Adjuster Exam, 6-20 All Lines
Adjuster- Florida- Review Question and
Answers [100% Correct] 2025/2026
What is the term for something that increases the likelihood of a loss occurring?
Hazard
Which type of contract requires performance only when a ...
COMPLETE STUDY GUIDE Florida
Claims Adjuster Exam, 6-20 All Lines
Adjuster- Florida- Review Question and
Answers [100% Correct] 2025/2026
What is the term for something that increases the likelihood of a loss occurring?
Hazard
Which type of contract requires performance only when a specified condition is met?
Conditional Contract
What is the main principle behind a contract of indemnity in insurance?
The insured should be restored to their financial condition before the loss, not better or worse.
What is the act of withholding important information by the insured during the application process?
Concealment
What is the term used for a loss that occurs as a direct result of physical damage to property?
Direct Loss
What is the term for a policy condition that guarantees the truth of a statement made by the insured in
the application?
Warranty
What does a waiver in an insurance contract refer to?
The voluntary relinquishment of a known right or claim.
When can a property insurance policy be changed or altered?
1
, Changes must be made in writing by the insurer.
What type of insurance covers damages based on the negligence of the insured?
Liability Insurance
How does an umbrella policy differ from standard home and auto insurance?
It provides higher coverage limits and covers more types of claims beyond home and auto.
Which insurance clause involves payments being made directly to a third party instead of the insured?
Loss Payee Clause
What type of coverage applies to items not permanently attached to the main dwelling, like a shed or
fence?
Other Structures
What does an appraisal clause in an insurance policy entail?
It refers to a written agreement regarding the terms of insurance and its coverage details.
What is the condition known as "known loss" in insurance?
It prevents coverage if the insured knew the loss was likely at the time of the contract.
What does the proximate cause refer to in property insurance?
The cause that has the most significant impact in bringing about a loss, especially when multiple
perils are involved.
What is the term for the principle that prevents an insured from collecting double compensation for the
same loss?
Other Insurance
2
,What type of insurance helps cover the loss of or damage to property due to employee theft?
Employee Theft
How many days must an insurer provide for prior notice of cancellation of a binder?
5 days
What is an example of an implied waiver in insurance?
A waiver assumed from the insured’s actions, indicating they are relinquishing a right.
What is the main function of the Mortgage Clause in property insurance?
It protects the interest of the mortgagee by ensuring their coverage in case of loss.
What is an example of a hazard that could lead to an insurance claim?
A leaking roof that increases the likelihood of water damage.
What does "actual cash value" (ACV) mean in terms of property loss coverage?
Replacement cost minus depreciation.
Which term refers to the cause that directly and most significantly impacts a loss in property insurance
claims?
Proximate Cause
What is the role of the insurer in dealing with a policyholder’s abandonment of damaged property?
The insurer is not responsible for the full value if the property is abandoned.
What type of contract involves the insurer agreeing to cover a loss and restore the insured to the
financial state they were in before the loss?
Contract of Indemnity
3
, What is a binder in the context of insurance?
A temporary contract until the official policy is issued.
What is the primary concern of an individual with insurable interest in property or life?
To obtain insurance against unforeseen events, like death or loss.
What insurance clause sets coverage limits based on reported values, particularly for fluctuating
property values?
Value Reporting
What is the term for a clause in property insurance that covers additional enforcement of laws requiring
demolition?
Building Ordinance Coverage
What does the term "indirect loss" refer to in insurance?
Economic loss that occurs as a result of direct physical damage.
What is a common example of indirect loss in the context of property damage?
Loss of business income due to property being damaged.
What type of policy covers losses resulting from negligence of the insured?
Liability Insurance
What does "severability" in an insurance policy mean?
Each insured is treated separately, as if other insureds do not exist.
Which type of insurance provides comprehensive health services to members for a fixed, prepaid fee?
Health Maintenance Organization (HMO)
4
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