FLORIDA CLAIMS ADJUSTER EXAM, 6- 20 ALL LINES ADJUSTER- FLORIDAREVIEW ALREADY GRADED A+ | 2024

FLORIDA CLAIMS ADJUSTER EXAM, 6- 20 ALL LINES ADJUSTER- FLORIDAREVIEW ALREADY GRADED A+ | 2024 Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The failure of the insured to reveal relevant facts known to the insured in applying for insurance. Abandonment Property insurance policies usually contain an abandonment clause, stating the insured cannot dump damaged property on the insurer and demand its full value. Severability The insurance applies separately to each insured as if other insureds did not exist. Proximate Caus