Florida Claims Adjuster (Adjuster)

Insurance applies separately to each insured as if other insureds did not exist. correct answer: Severability Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* correct answer: Abandonment One wherein economic loss would be suffered from an adverse happening to the subject. correct answer: Insurable Interest States that if the insurer adopts a revision which would broaden cov...

Peril Correct Answer: Something that 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 or inserted by the insurer. It is a guarantee of a fact. Misrepresentation Correct Answer: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment Correct Answer: Th...