Progressive Florida Claims Adjuster
Exam Questions And Answers
Claim - - - correct answer ✅An assertion of an alleged legal right
against a person, entity, company or insurer that carries with it a
demand for money as compensation for injuries or damage
What are you really buying when you purchase insurance? - - -
correct answer ✅Peace of mind
Why is insurance such a unique product? - - - correct answer ✅It is
a financial product. The purchase of a promise base totally on trust
that is absolutely essential in today's world.
First foremost and always what is an adjuster's most important
objective in today's world of insurance? - - - correct answer ✅To
help those who have been injured, or who have suffered a loss that
is covered by the insurance contract or for which an insured policy
holder is responsible while at the same time minimizing loss for the
insured party and or carrier
In today's society, the most important factor in the purchase of
insurance is - - - correct answer ✅Trust
,Progressive Florida Claims Adjuster
Exam Questions And Answers
What would Joe do as an adjuster? - - - correct answer
✅INVESTIGATE, EVALUATE, AND SETTLE INSURANCE CLAIMS ON
BEHALF OF AN INSURER OR INSURED.
Joe saw an ad in the paper..... difference between an adjuster who
works in the healthcare industry versus an adjuster in the
property/casualty, insurance industry. What would you say? - - -
correct answer ✅Healthcare adjusters are processors, who
reimburse medical bills if they fall within a list of approved
conditions or treatment. A property/casualty adjuster evaluates a
legal responsibilities, determines what or how much is owed and
pays or settles claims.
If Joe, where to go to work for an insurance company, what kind of
adjuster with Joe be? - - - correct answer ✅A company/staff
adjuster
Joe is really intrigued by his neighbors work and ask him who he
works for. His neighbor told him that he owns his own adjusting
company and adjust claims are several different companies. In
other words he takes claim assignments from whoever calls. What
kind of adjuster is he? - - - correct answer ✅An independent
adjuster
,Progressive Florida Claims Adjuster
Exam Questions And Answers
Joe's neighbor tells him that field adjusting is "the best job in the
insurance industry". Joe doesn't envision himself sitting behind a
desk, so he is intrigued by this as well and white lines of business
business with Joe need to experience to have the greatest chance
of getting a good field adjusting job - - - correct answer ✅Multi-
line adjusting
Joe sister is a nurse who works in a nearby hospital. As he talks to
her about his interest, she asked him what type of adjusting she
would be most qualified for if she were interested, which kind of
adjusting would present her with the greatest opportunity? What
would you tell her? - - - correct answer ✅Worker's compensation
Joe's neighbor told him that he really prefers working with litigated
claims dealing with the lawyers, getting it in negotiations and going
to depositions and trials. What kind of claims does Joe's neighbor
prefer? - - - correct answer ✅Liability adjusting
If Joe, we're just strictly handle, hurricane tornado hellfire, and
other claims of this nature, what line of business would Joe be
adjusting - - - correct answer ✅Property
While driving home from an interview, Joe was rear ended. He's not
injured so he makes a claim against the other drivers insurance
, Progressive Florida Claims Adjuster
Exam Questions And Answers
policy for damages to his vehicle. The person taking the claim
advises Joe that he will be contacted within 24 hours by an adjuster.
From what type of adjuster will Joe likely hear? - - - correct answer
✅An auto physical damage adjuster
The claims manager told Joe a story of one of the best adjusters he
had ever known, and how he had been forced to fire the man
because he just would not document to clean files with ongoing
status. What kind of responsibility did the adjuster fail to fulfill? - - -
correct answer ✅Communicating and reporting
The claims manager then told Joe a story about one adjuster who
made a deal with a body shop to pay the adjuster $100 for every
damaged automobile that he referred, referred for repair. The
adjuster is ultimately fired. What responsibility did that adjuster fail
to fulfill? - - - correct answer ✅Fiduciary responsibility
The claims manager also told about a young adjuster who lost his
temper and cursed out an insured policyholder. He was arguing
about a claim the adjuster has denied. The insured policyholder
sued the company and collected $50,000 for slander in the
embarrassment caused the insured what responsibility did that
adjuster fail to fulfill? - - - correct answer ✅Agency: the power to
bind
Exam Questions And Answers
Claim - - - correct answer ✅An assertion of an alleged legal right
against a person, entity, company or insurer that carries with it a
demand for money as compensation for injuries or damage
What are you really buying when you purchase insurance? - - -
correct answer ✅Peace of mind
Why is insurance such a unique product? - - - correct answer ✅It is
a financial product. The purchase of a promise base totally on trust
that is absolutely essential in today's world.
First foremost and always what is an adjuster's most important
objective in today's world of insurance? - - - correct answer ✅To
help those who have been injured, or who have suffered a loss that
is covered by the insurance contract or for which an insured policy
holder is responsible while at the same time minimizing loss for the
insured party and or carrier
In today's society, the most important factor in the purchase of
insurance is - - - correct answer ✅Trust
,Progressive Florida Claims Adjuster
Exam Questions And Answers
What would Joe do as an adjuster? - - - correct answer
✅INVESTIGATE, EVALUATE, AND SETTLE INSURANCE CLAIMS ON
BEHALF OF AN INSURER OR INSURED.
Joe saw an ad in the paper..... difference between an adjuster who
works in the healthcare industry versus an adjuster in the
property/casualty, insurance industry. What would you say? - - -
correct answer ✅Healthcare adjusters are processors, who
reimburse medical bills if they fall within a list of approved
conditions or treatment. A property/casualty adjuster evaluates a
legal responsibilities, determines what or how much is owed and
pays or settles claims.
If Joe, where to go to work for an insurance company, what kind of
adjuster with Joe be? - - - correct answer ✅A company/staff
adjuster
Joe is really intrigued by his neighbors work and ask him who he
works for. His neighbor told him that he owns his own adjusting
company and adjust claims are several different companies. In
other words he takes claim assignments from whoever calls. What
kind of adjuster is he? - - - correct answer ✅An independent
adjuster
,Progressive Florida Claims Adjuster
Exam Questions And Answers
Joe's neighbor tells him that field adjusting is "the best job in the
insurance industry". Joe doesn't envision himself sitting behind a
desk, so he is intrigued by this as well and white lines of business
business with Joe need to experience to have the greatest chance
of getting a good field adjusting job - - - correct answer ✅Multi-
line adjusting
Joe sister is a nurse who works in a nearby hospital. As he talks to
her about his interest, she asked him what type of adjusting she
would be most qualified for if she were interested, which kind of
adjusting would present her with the greatest opportunity? What
would you tell her? - - - correct answer ✅Worker's compensation
Joe's neighbor told him that he really prefers working with litigated
claims dealing with the lawyers, getting it in negotiations and going
to depositions and trials. What kind of claims does Joe's neighbor
prefer? - - - correct answer ✅Liability adjusting
If Joe, we're just strictly handle, hurricane tornado hellfire, and
other claims of this nature, what line of business would Joe be
adjusting - - - correct answer ✅Property
While driving home from an interview, Joe was rear ended. He's not
injured so he makes a claim against the other drivers insurance
, Progressive Florida Claims Adjuster
Exam Questions And Answers
policy for damages to his vehicle. The person taking the claim
advises Joe that he will be contacted within 24 hours by an adjuster.
From what type of adjuster will Joe likely hear? - - - correct answer
✅An auto physical damage adjuster
The claims manager told Joe a story of one of the best adjusters he
had ever known, and how he had been forced to fire the man
because he just would not document to clean files with ongoing
status. What kind of responsibility did the adjuster fail to fulfill? - - -
correct answer ✅Communicating and reporting
The claims manager then told Joe a story about one adjuster who
made a deal with a body shop to pay the adjuster $100 for every
damaged automobile that he referred, referred for repair. The
adjuster is ultimately fired. What responsibility did that adjuster fail
to fulfill? - - - correct answer ✅Fiduciary responsibility
The claims manager also told about a young adjuster who lost his
temper and cursed out an insured policyholder. He was arguing
about a claim the adjuster has denied. The insured policyholder
sued the company and collected $50,000 for slander in the
embarrassment caused the insured what responsibility did that
adjuster fail to fulfill? - - - correct answer ✅Agency: the power to
bind
