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adjuster claim florida
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2023-
2024/CLAIMS ADJUSTER (FLORIDA) 270+ REAL
EXAM QUESTIONS AND CORRECT
ANSWERS|AGRADE
The following are basic characteristics of a property or liability
insurance contract, except:
• Personal Contract
• Conditional Contract
• Loss of Settlement Contract
• Contract of Adhesion - ANSWER- Loss of Settlement Contract
The Insurer's 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 further loss, and to give the insurer
proof of the loss is defined as?
• Conditional Contract
• Adhesion Contract
• Indemnity Contract
• All of the Above - ANSWER- Conditional Contract "may be
conditioned"
If financial responsibility doesn't exist at the time of an accident, which
of the following things must happen to avoid penalties?
,• The legally valid claims of others must be satisfied (up to
10/20/10)
• The owner and operator must provide certification of future
responsibility for future accidents
• Both A & B
• None of the Above - ANSWER- C. Both A & B
A lender has an insurable interest in a home and finds protection in the:
• Loss Payee Clause
• Mortgagee Clause
• Lender Clause
• Additional Insured Clause - ANSWER- B. Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
• DP-1, or the Basic Form
• DP-2, or the Broad
• DP-3, or the Special Form
• None of the Above - ANSWER- C. DP-3, or the Special Form
Which of the following is not covered under Coverage C, Personal
Property?
• A fire breaks out in the residence and an overnight guest loses his
clothes in the fire
• A fish dies because he has been left alone for a week without food
• The insureds daughters tennis racket is stolen from her locker
,• The insureds suitcase and clothing, valued at $1,500, are stolen
from his hotel - ANSWER- B. A fish dies because he has been left
alone for a week without food
Animals are listed as an "exclusion" under a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
• Protects against economic loss to residences and household
property and legal liabilities
• Owner-occupants of 1-4 family dwellings
• Renters who maintain residential occupancy in any type of
building
• All of the Above - ANSWER- D. All of the Above4
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
An insured who wishes to purchase flood insurance, but is located in a
moderate or low risk flood zone may do so by purchasing a:
• Preferred Risk Flood Policy
• Standard Flood Policy
• Universal Flood Insurance
• None of the Above - ANSWER- A. Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners
business personal property and the personal property of others in the
insured's care, custody or control:
• Condominium Dwelling Form
• Personal Condominium Unit Owners Form
, • Condominium Unit Owners Form
• None of the Above - ANSWER- C. Condominium Unit Owners
Form Does not cover buildings since coverage would typically be
provided under the Condo Association coverage form issued.
The Commercial Property Contract includes all of the following,
except:
• Common Policy Conditions
• Commercial Property Conditions
• Coverage Form
• Commercial Loss Schedule - ANSWER- Commercial Loss
Schedule Also included: Declarations, Causes of Loss Form,
Endorsements
Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal property
of others in the care, custody or control of the association and located
at the premises:
• Condominium Association Form
• Condominium Unit Owners Form
• Condominium Insured Owner Form
• None of the Above - ANSWER- A. Condominium Association
Form This, along with Condo Unit Owners Form, is located under
Condo Coverage.
Sometimes referred to as commercial fire and allied lines, this is the
form of insurance that covers direct and indirect losses related to
properties other than one-to-four family dwellings and farm properties:
• Business Property Insurance
adjuster claim florida
FLORIDA CLAIMS ADJUSTER LATEST EXAM 2023-
2024/CLAIMS ADJUSTER (FLORIDA) 270+ REAL
EXAM QUESTIONS AND CORRECT
ANSWERS|AGRADE
The following are basic characteristics of a property or liability
insurance contract, except:
• Personal Contract
• Conditional Contract
• Loss of Settlement Contract
• Contract of Adhesion - ANSWER- Loss of Settlement Contract
The Insurer's 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 further loss, and to give the insurer
proof of the loss is defined as?
• Conditional Contract
• Adhesion Contract
• Indemnity Contract
• All of the Above - ANSWER- Conditional Contract "may be
conditioned"
If financial responsibility doesn't exist at the time of an accident, which
of the following things must happen to avoid penalties?
,• The legally valid claims of others must be satisfied (up to
10/20/10)
• The owner and operator must provide certification of future
responsibility for future accidents
• Both A & B
• None of the Above - ANSWER- C. Both A & B
A lender has an insurable interest in a home and finds protection in the:
• Loss Payee Clause
• Mortgagee Clause
• Lender Clause
• Additional Insured Clause - ANSWER- B. Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
• DP-1, or the Basic Form
• DP-2, or the Broad
• DP-3, or the Special Form
• None of the Above - ANSWER- C. DP-3, or the Special Form
Which of the following is not covered under Coverage C, Personal
Property?
• A fire breaks out in the residence and an overnight guest loses his
clothes in the fire
• A fish dies because he has been left alone for a week without food
• The insureds daughters tennis racket is stolen from her locker
,• The insureds suitcase and clothing, valued at $1,500, are stolen
from his hotel - ANSWER- B. A fish dies because he has been left
alone for a week without food
Animals are listed as an "exclusion" under a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
• Protects against economic loss to residences and household
property and legal liabilities
• Owner-occupants of 1-4 family dwellings
• Renters who maintain residential occupancy in any type of
building
• All of the Above - ANSWER- D. All of the Above4
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
An insured who wishes to purchase flood insurance, but is located in a
moderate or low risk flood zone may do so by purchasing a:
• Preferred Risk Flood Policy
• Standard Flood Policy
• Universal Flood Insurance
• None of the Above - ANSWER- A. Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners
business personal property and the personal property of others in the
insured's care, custody or control:
• Condominium Dwelling Form
• Personal Condominium Unit Owners Form
, • Condominium Unit Owners Form
• None of the Above - ANSWER- C. Condominium Unit Owners
Form Does not cover buildings since coverage would typically be
provided under the Condo Association coverage form issued.
The Commercial Property Contract includes all of the following,
except:
• Common Policy Conditions
• Commercial Property Conditions
• Coverage Form
• Commercial Loss Schedule - ANSWER- Commercial Loss
Schedule Also included: Declarations, Causes of Loss Form,
Endorsements
Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal property
of others in the care, custody or control of the association and located
at the premises:
• Condominium Association Form
• Condominium Unit Owners Form
• Condominium Insured Owner Form
• None of the Above - ANSWER- A. Condominium Association
Form This, along with Condo Unit Owners Form, is located under
Condo Coverage.
Sometimes referred to as commercial fire and allied lines, this is the
form of insurance that covers direct and indirect losses related to
properties other than one-to-four family dwellings and farm properties:
• Business Property Insurance
