Claims adjusters - Study guides, Class notes & Summaries

Claims Adjuster Florida Exam Questions and Answers 100% Pass For purposes of insurance, a "loss" is best defined as: - Correct Answer ️️ -an unwelcomed, unplanned reduction in economic value An automatic sprinkler system in a hotel building is a risk reduction measure because it: - Correct Answer ️️ -reduces the amount of damage that a fire is likely to do Insuring a new restaurant against business failure is not possible because business success or failure is: - Correct Answer ...

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6-20 Claims Adjuster Exam Questions with 100% Verified Correct Answers 2024/2025 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 Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against fur...

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Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages 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 - Correct Answer D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of...

Florida Claims Adjuster Exam Questions 100% Verified Correct Answers 2024/2025 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 ...

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Florida Claims Adjuster Exam || 206 Questions with 100% Correct Answers || 2024