1/13/26, 9:55 PM Florida Personal Lines
Florida Personal Lines Exam | Most Recent Exam
2026 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ |Guaranteed Success!! Newest Exam |
Just Released!!
A person who does not lock the door to his or her house shows an
indifferent attitude. What type of hazard does this represent?
Morale
Wagering on a sporting event is known as what type of risk?
Speculative
How is actual cash value of property calculated?
Current replacement cost minus depreciation
If an insured peril was the proximate cause of loss, what type of loss is it?
Direct
1/37
,1/13/26, 9:55 PM Florida Personal Lines
what type of policy insures all property at multiple locations for a single
amount?
Blanket Policy
The reduction, decrease, or disappearance of value of the person or
property insured in a policy is know as what?
Loss
In property insurance, what is the purpose of a coinsurance clause?
To encourage insureds to insure property close to its value.
If a manufactured product is unsafe, what type of liability applies to the
manufacturer?
Strict Liability
(Insurance carried divided by insurance required ) x Loss amount =
Loss payment
What is subrogation?
An insurer's legal right to seek damages from third parties after
reimbursing insureds for a loss.
2/37
,1/13/26, 9:55 PM Florida Personal Lines
What are the three types of hazards
Physical, Moral, and Morale
What do individuals use to transfer their risk of loss to a larger group?
Insurance
What HO form insurers a tenant living in an apartment?
HO-4 ( tenant broad form )
Which dwelling policy coverage will insure a garage not attached to a
primary insured dwelling?
Coverage B- other structures
How are the dwelling and others structures covered in a HO- 3 policy
form?
On an open-peril basis
Under what conditions can broad theft coverage be added to a dwelling
policy?
If the insured is the owner-occupant of the dwelling.
3/37
, 1/13/26, 9:55 PM Florida Personal Lines
Losses caused by vandalism and malicious mischief are excluded from
coverage if a dwelling has been vacant for how many days
60 days
In dwelling policies, any volcanic activity will be considered part of one
occurrence if its happens within how many hours?
72 hours
Assuming the insurer and the insured agree on the amount of payable for
a loss covered under a dwelling policy, how soon after receiving proof of
lose must the insurer pay the claim?
60 days
What is the purpose of National Flood Insurance Program (NFIP)?
To fill the gap in flood coverage left by private insurers.
Why does the HO-4 form not provided dwelling coverage?
HO-4 is written for the tenant residing in a rented dwelling; the tenant
does not own the dwelling.
4/37
Florida Personal Lines Exam | Most Recent Exam
2026 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ |Guaranteed Success!! Newest Exam |
Just Released!!
A person who does not lock the door to his or her house shows an
indifferent attitude. What type of hazard does this represent?
Morale
Wagering on a sporting event is known as what type of risk?
Speculative
How is actual cash value of property calculated?
Current replacement cost minus depreciation
If an insured peril was the proximate cause of loss, what type of loss is it?
Direct
1/37
,1/13/26, 9:55 PM Florida Personal Lines
what type of policy insures all property at multiple locations for a single
amount?
Blanket Policy
The reduction, decrease, or disappearance of value of the person or
property insured in a policy is know as what?
Loss
In property insurance, what is the purpose of a coinsurance clause?
To encourage insureds to insure property close to its value.
If a manufactured product is unsafe, what type of liability applies to the
manufacturer?
Strict Liability
(Insurance carried divided by insurance required ) x Loss amount =
Loss payment
What is subrogation?
An insurer's legal right to seek damages from third parties after
reimbursing insureds for a loss.
2/37
,1/13/26, 9:55 PM Florida Personal Lines
What are the three types of hazards
Physical, Moral, and Morale
What do individuals use to transfer their risk of loss to a larger group?
Insurance
What HO form insurers a tenant living in an apartment?
HO-4 ( tenant broad form )
Which dwelling policy coverage will insure a garage not attached to a
primary insured dwelling?
Coverage B- other structures
How are the dwelling and others structures covered in a HO- 3 policy
form?
On an open-peril basis
Under what conditions can broad theft coverage be added to a dwelling
policy?
If the insured is the owner-occupant of the dwelling.
3/37
, 1/13/26, 9:55 PM Florida Personal Lines
Losses caused by vandalism and malicious mischief are excluded from
coverage if a dwelling has been vacant for how many days
60 days
In dwelling policies, any volcanic activity will be considered part of one
occurrence if its happens within how many hours?
72 hours
Assuming the insurer and the insured agree on the amount of payable for
a loss covered under a dwelling policy, how soon after receiving proof of
lose must the insurer pay the claim?
60 days
What is the purpose of National Flood Insurance Program (NFIP)?
To fill the gap in flood coverage left by private insurers.
Why does the HO-4 form not provided dwelling coverage?
HO-4 is written for the tenant residing in a rented dwelling; the tenant
does not own the dwelling.
4/37
