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FLORIDA CLAIMS ADJUSTER EXAM TEST 2023/2024 Peril - CORRECT ANSWER-Somthing t√dhat causes a loss. Hazard - CORRECT ANSWER-Something that increases the probability that a loss will occur. Warranty - CORRECT ANSWER-A policy condition, either based on information in the insureds application o...

EXAMS REVIEW FOR FLORIDA CLAIMS ADJUSTER Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, TD Bank B. The Insured C. Joint...

FLORIDA CLAIMS ADJUSTER FINAL EXAM 2023/2024 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 - CORRECT ANSWER-Loss of Settlement Contract The In...

REVIEWED QUESTIONS AND ANSWERS FOR FLORIDA CLAIMS ADJUSTER EXAM - 3 This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above - C...

STUDY GUIDES FOR FLORIDA CLAIMS ADJUSTER What is an eligible building for flood insurance? -CORRECT ANSWER- 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 commun...

TEST REVIEWS FOR FLORIDA CLAIMS ADJUSTER Florida No-Fault Tort Exemption - CORRECT ANSWER-Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - CORRECT ANSWER-1. Significant and Permanent l...

FLORIDA CLAIMS ADJUSTER EXAMS 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...

FLORIDA CLAIMS ADJUSTER EXAMS REVIEWS 2023/2024 Severability - CORRECT ANSWER-Insurance applies separately to each insured as if other insureds did not exist. Abandonment - CORRECT ANSWER-Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump dam...

6-20 FLORIDA CLAIMS ADJUSTER REVIEWED QUESTION AND ANSWER The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - CORRECT ANSWER-C. Loss Settlement Contra...

FLORIDA CLAIMS ADJUSTER EXAM QUIZ WITH CORRECT ANSWERS Insurance - CORRECT ANSWER-transfer of risk by contract to insurers who agree to indemnify insureds for losses Risk - CORRECT ANSWER-chance of loss pure risk - CORRECT ANSWER-only outcomes are loss or no loss personal risk - CORRECT ANSWE...