Florida All Lines Claims Adjuster Exam 2024 | Questions with 100% Correct Answers | Verified | Updated
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Module
Claims Adjuster
Institution
Claims Adjuster
What is an eligible building for flood insurance?: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community
What is Builders Risk Coverage?: Covers buildings in the c...
1 / FL All Lines Claims Adjuster
1.What is an eligible building for flood insurance?: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community
2.What is Builders Risk Coverage?: Covers buildings in the course of completion. Proper coverage is 100% of expected completed value
3.Do all Homeowners policies contain Coverage A?: No, HO-4 (Renters person- al property)
4.What is casual labor in workers' compensation?: Labor that is casual,
irregu- lar, limited or temporary purpose .
5.What is the waiting period for worker's compensation disability?: 7
days prior to the payment of disability benefits. If a disability lasts
more than 21 days, benefits will be paid from the first day of injury.
6.What are the parties to a surety bond: Principle, Obligee, Surety, and Indemn- itor
7.How does a crime policy value money and securities?: Money is valued
at face value. Securities are valued on the day the loss was 2 / discovered.
8.How is the employee theft coverage written?: Scheduled persons coverage, Scheduled position coverage, and blanket coverage
9.What is the deductible in an umbrella policy?: No deductible, this is liability coverage
10.What are the types of Health Insurance?: HMO and PPO
11.What is the limit of medical expenses in workers' compensation?: There is no limit
12.What does workers' compensation provide for funeral expenses?: If death results within one year of an accident, or follows a continuous disability within 5 years, then actual funeral expenses, not exceeding $7500
13.What is Ocean Marine coverage?: Oldest form of insurance known. Covers perils associated with water transport .
14.What is Inland Marine Coverage?: Covers the cargo traveling overland, in- stead of by sea.
15.What is "all risk" coverage in a homeowners policy?: Property insurance covering loss arising from any fortuitous cause except those specifically excluded
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