©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Florida Claims Adjuster Exam Practice Questions and Answers
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as
additional interests on his homeowner policy. The insurance company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - Ans:✔✔-D. All listed interests
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one
payment is made by the insurer and it is up to the additional interests on working out their share.
Insurance applies separately to each insured as if other insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above - Ans:✔✔-A. Severability
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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - Ans:✔✔-B. Abandonment
A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - Ans:✔✔-D. Insurable Interest
States that if the insurer adopts a revision which would broaden coverage without additional premium
within some period of time prior to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
B. Policy Period
C. Pro Rata
D. Liberalization - Ans:✔✔-D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection between an occurrence and damage
that grows out of the occurrence, then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - Ans:✔✔-A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but further damage is caused by
smoke, water used to extinguish, and the process of moving property away - fire is considered to be the
*proximate cause* of all of the damage.
The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?
A. Actual Cash Value
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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
B. Replacement Cost
C. "Old for New"
D. None of the Above - Ans:✔✔-A. Actual Cash Value
A policy condition, either based on information in the insured's application or inserted by the insurer, is
defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - Ans:✔✔-A. Warranty
The following are basic characteristics of a property or liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - Ans:✔✔-C. Loss of Settlement Contract
Page 4/78
FIRST PUBLISH OCTOBER 2024
Florida Claims Adjuster Exam Practice Questions and Answers
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as
additional interests on his homeowner policy. The insurance company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - Ans:✔✔-D. All listed interests
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one
payment is made by the insurer and it is up to the additional interests on working out their share.
Insurance applies separately to each insured as if other insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above - Ans:✔✔-A. Severability
Page 1/78
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - Ans:✔✔-B. Abandonment
A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - Ans:✔✔-D. Insurable Interest
States that if the insurer adopts a revision which would broaden coverage without additional premium
within some period of time prior to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
B. Policy Period
C. Pro Rata
D. Liberalization - Ans:✔✔-D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection between an occurrence and damage
that grows out of the occurrence, then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - Ans:✔✔-A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but further damage is caused by
smoke, water used to extinguish, and the process of moving property away - fire is considered to be the
*proximate cause* of all of the damage.
The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?
A. Actual Cash Value
Page 3/78
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
B. Replacement Cost
C. "Old for New"
D. None of the Above - Ans:✔✔-A. Actual Cash Value
A policy condition, either based on information in the insured's application or inserted by the insurer, is
defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - Ans:✔✔-A. Warranty
The following are basic characteristics of a property or liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - Ans:✔✔-C. Loss of Settlement Contract
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