Florida Insurance Property & Liability Insurance Concepts - Learning Exam Questions and Answers with Complete Solutions

An insured has a $250 Collision deductible on her auto policy - the insured hit a large oak tree in a single vehicle accident resulting in $1,800 in damages - how much will the insurance company pay the insured? - $1,550 What amount will the insurer pay if an insured has a $340,000 policy with an 80% coinsurance provision, a $445,000 building value and a $10,000 loss? - $10,000 What amount will the insurer pay if an insured has a $35,000 policy with an 80% coinsurance provision, a $50,000 building value and a $20,000 loss? - $17,500 A homeowner with a Homeowners policy with $500,000 of coverage and a 2% windstorm deductible suffers a windstorm loss of $50,000 - how much will the insured collect on their claim? - $40,000 What amount will the insurer pay if an insured has a policy with $400,000 of building coverage, an 80% coinsurance provision; a $500,000 building value and the building suffers a $100,000 loss? - $100,000 A private passenger automobile policy has a single bodily injury liability limit of $500,000 - the insured is involved in an at-fault accident and four individuals in the other car have injuries of $50,000 each - how much will the policy pay in total? - $200,000 What amount will be paid to an insured who has an insurance policy with separate limits of $250,000 per building on two buildings and a $275,000 loss occurs to one of the buildings? - $250,000