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FL Adjusters License Practice Exams Questions with 100% Verified Correct Answers

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FL Adjusters License Practice Exams Questions with 100% Verified Correct Answers Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. - Correct Answer (B) Written evidence of the agreement and its terms. Assume that five years ago a couple insur...

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Adjuster Pro Questions Study Guide Questions with 100% Verified Correct Answers 2024/2025

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Adjuster Pro Questions Study Guide Questions with 100% Verified Correct Answers 2024/2025 Ron works from home. After a kitchen fire renders his home uninhabitable, his is forced to rent an apartment in town while the repairs are made. Which type of coverage could help Ron pay for the cost of renting his apartment? - Correct Answer Coverage D - Loss of Use Fred lives near a business that is currently the object of a protest. As police try and break up the protesters, a riot ensues and spills ...

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Adjuster Pro Practice Exam Questions with 100% Verified Correct Answers 2024/2025

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Adjuster Pro Practice Exam Questions with 100% Verified Correct Answers 2024/2025 Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - Correct Answer Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - Correct Answer It automatically covers wind and vandalism. Which of the followi...

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Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers

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Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers What is insurance? - Correct Answer protection against financial loss what is a premium - Correct Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Correct Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Correct Answer the insurer collect...

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Adjuster Pro - Florida Certified Adjuster Glossary Questions with 100% Verified Correct Answers 2024/2025

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Adjuster Pro - Florida Certified Adjuster Glossary Questions with 100% Verified Correct Answers 2024/2025 Accumulated Depreciation - Correct Answer The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - Correct Answer A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Co...

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Florida Public Adjuster State Test Questions With 100% Verified Correct Answers 2024/2025

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Florida Public Adjuster State Test Questions With 100% Verified Correct Answers 2024/2025 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 loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death Wha...

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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions with 100% Verified Correct Answers 2024/2025

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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions with 100% Verified Correct Answers 2024/2025 Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - Correct Answer Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the property of others is a definition of: - Correct Answer Burglary The inland mari...

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Florida 3-20 Public Adjusters State Exam (Set 1) Questions with 100% Verified Correct Answers

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Florida 3-20 Public Adjusters State Exam (Set 1) Questions with 100% Verified Correct Answers The insurer and insured agree to a specific value of insured item - Correct Answer Agreed Value Policies Someone who has care, custody or control of another's property - Correct Answer Bailee Claim filed by policy holder against his _ - Correct Answer First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to so...

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Florida 3-20 Public Adjuster Exam Outlines with Complete Solutions Latest Updated 2024/2025

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Florida 3-20 Public Adjuster Exam Outlines with Complete Solutions Latest Updated 2024/2025 626.854 (3) - Correct Answer A public adjuster may not give legal advice or act on behalf of or aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic damages. 626.854 (5) - Correct Answer A public adjuster may not directly or indirectly through any other person or entity solicit an insured or claimant by any means except on Monday through Saturday of each w...

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