FLORIDA CLAIMS ADJUSTER EXAM, 6-
g g g g
20 ALL LINES ADJUSTER- FLORIDA-
g g g g g
REVIEW REAL EXAM 2025.
g g g g
Perilg-gcorrectganswerg-gSomethinggthatgcausesgagloss.
Hazardg-gcorrectganswerg-
gSomethinggthatgincreasesgthegprobabilitygthatgaglossgwillgoccur.
Warrantyg-gcorrectganswerg-
gAgpolicygcondition,geithergbasedgonginformationgingtheginsuredsgapp
licationgorginsertedgbygtheginsurer.gItgisgagguaranteegofgagfact.
Misrepresentationg-gcorrectganswerg-
gAnguntruegstatementgbygtheginsured,gmadegingangapplicationgforgin
surancegbutgwhichgdoesgnotgbecomegagpartgofgthegpolicy.
Concealmentg-gcorrectganswerg-
gThegfailuregofgtheginsuredgtogreveal grelevantgfactsgknowngtogthegins
uredgingapplyinggforginsurance.
,Abandonmentg-gcorrectganswerg-
gPropertyginsurancegpoliciesgusuallygcontaingangabandonment gclau
se,gstatinggtheginsuredgcannotgdumpgdamagedgpropertygongtheginsu
rergandgdemandgitsgfullgvalue.
Severabilityg-gcorrectganswerg-
gTheginsurancegappliesgseparatelygtogeachginsuredgasgifgotherginsur
edsgdidgnotgexist.
ProximategCauseg-gcorrectganswerg-
gThegcauseghavinggthegmostgsignificantgimpactgingbringinggaboutgth
eglossgundergagfirst-
partygpropertyginsurancegpolicy,gwhengtwogorgmoregindependentgpe
rilsgoperategatgthegsamegtimeg(i.e.,gconcurrently)gtogproducegagloss.g
Courtsgemploygagsetgofgrulesgtogresolvegcausationgdisputesgwhengag
propertygpolicygstatesgthatgitgcoversgorgexcludesglossesg"causedgby
"gagperilgandgtheregisgmoregthangonegperilgatgworkgingagfactgpattern.g
Undergcommonglaw,gwhethergthegpolicygprovidesgcoveragegdepend
sgongwhichgperilgisgchosengasgthegproximategcause.
DirectgLossg-gcorrectganswerg-gPhysicalgharmgtogtangiblegproperty.
,IndirectgLossg-gcorrectganswerg-
gEconomicglossgwhichgflowsgasgagresultgofgdirectgloss.
ActualgCashgValue(ACV)g-gcorrectganswerg-
gReplacementgCostgminusgDepreciation
Coinsuranceg-gcorrectganswerg-
gThegamount,ggenerallygexpressedgasgagfixedgpercentage,ganginsur
edgmustgpaygagainstgagclaimgaftergthegdeductiblegisgsatisfied.gIt'sgulti
matelygagwaygforgtheginsuredgandginsurergtogsharegresponsibilitygforgt
hegrisk.gItgcangalsoghelpgreducegthegcostgofgtheginsurancegpolicygpre
mium.gCoinsurancegcangbegwrittengongang80/20,g90/100,gorg100%gr
ule.
PersonalgContractg-gcorrectganswerg-
gPoliciesgcovergpeoplegwhogowngandgoperategthings,gsuchgasgautom
obiles.
ConditionalgContractg-gcorrectganswerg-
gAlsogcalledgaghypotheticalgcontract,gisgagcontractgagreementgthatgo
nlygrequiresgperformancegoncegthegdelineatedgconditionsgaregmet.g
Thisglegalgagreementgrequiresgpriorgperformancegofganothergagree
mentgorgclausegingordergtogbegenforceable.gIfgthegothergagreementgo
rgconditiongisgperformed,gthengthegconditionalgcontractgisgenforceabl
egandgthegpartiesgaregboundgtogcarrygoutgthegtermsgofgthegcontract.
, ContractgofgIndemnityg-gcorrectganswerg-
gPrinciplegofginsurancegthatgprovidesgthatgwhengaglossgoccurs,gthegi
nsuredgshouldgbegrestoredgtogthegapproximategfinancialgconditiong
he/shegoccupiedgbeforegtheglossgoccurred,gnogbettergorgnogworse.
InsurablegInterestg-gcorrectganswerg-
gthegreasonablegconcerngofgagpersongtogobtainginsurancegforganygind
ividualgorgpropertygagainstgunforeseengeventsgsuchgasgdeath,glosse
s,getc.
Waiverg-gcorrectganswerg-
g1.)gImpliedgvoluntarygrelinquishment,gabandoninggaglegalgadva
ntage,gneed,gclaimgorgright.
2.)gAgreementgorgaddedgclausegofgagpolicygthatgexcludesgsomegl
ossesgorglimitsgthegsumgofgagclaim,gorgextendsgcoveragegtogaddgit
emsgnotgingagnormalgpolicy.
ExpressgWaiverg-gcorrectganswerg-
gOccursgwhengtheginsurergorgitsgrepresentativegknowinglyggivesgupga
gknowngrightgundergtheginsurancegcontract.
g g g g
20 ALL LINES ADJUSTER- FLORIDA-
g g g g g
REVIEW REAL EXAM 2025.
g g g g
Perilg-gcorrectganswerg-gSomethinggthatgcausesgagloss.
Hazardg-gcorrectganswerg-
gSomethinggthatgincreasesgthegprobabilitygthatgaglossgwillgoccur.
Warrantyg-gcorrectganswerg-
gAgpolicygcondition,geithergbasedgonginformationgingtheginsuredsgapp
licationgorginsertedgbygtheginsurer.gItgisgagguaranteegofgagfact.
Misrepresentationg-gcorrectganswerg-
gAnguntruegstatementgbygtheginsured,gmadegingangapplicationgforgin
surancegbutgwhichgdoesgnotgbecomegagpartgofgthegpolicy.
Concealmentg-gcorrectganswerg-
gThegfailuregofgtheginsuredgtogreveal grelevantgfactsgknowngtogthegins
uredgingapplyinggforginsurance.
,Abandonmentg-gcorrectganswerg-
gPropertyginsurancegpoliciesgusuallygcontaingangabandonment gclau
se,gstatinggtheginsuredgcannotgdumpgdamagedgpropertygongtheginsu
rergandgdemandgitsgfullgvalue.
Severabilityg-gcorrectganswerg-
gTheginsurancegappliesgseparatelygtogeachginsuredgasgifgotherginsur
edsgdidgnotgexist.
ProximategCauseg-gcorrectganswerg-
gThegcauseghavinggthegmostgsignificantgimpactgingbringinggaboutgth
eglossgundergagfirst-
partygpropertyginsurancegpolicy,gwhengtwogorgmoregindependentgpe
rilsgoperategatgthegsamegtimeg(i.e.,gconcurrently)gtogproducegagloss.g
Courtsgemploygagsetgofgrulesgtogresolvegcausationgdisputesgwhengag
propertygpolicygstatesgthatgitgcoversgorgexcludesglossesg"causedgby
"gagperilgandgtheregisgmoregthangonegperilgatgworkgingagfactgpattern.g
Undergcommonglaw,gwhethergthegpolicygprovidesgcoveragegdepend
sgongwhichgperilgisgchosengasgthegproximategcause.
DirectgLossg-gcorrectganswerg-gPhysicalgharmgtogtangiblegproperty.
,IndirectgLossg-gcorrectganswerg-
gEconomicglossgwhichgflowsgasgagresultgofgdirectgloss.
ActualgCashgValue(ACV)g-gcorrectganswerg-
gReplacementgCostgminusgDepreciation
Coinsuranceg-gcorrectganswerg-
gThegamount,ggenerallygexpressedgasgagfixedgpercentage,ganginsur
edgmustgpaygagainstgagclaimgaftergthegdeductiblegisgsatisfied.gIt'sgulti
matelygagwaygforgtheginsuredgandginsurergtogsharegresponsibilitygforgt
hegrisk.gItgcangalsoghelpgreducegthegcostgofgtheginsurancegpolicygpre
mium.gCoinsurancegcangbegwrittengongang80/20,g90/100,gorg100%gr
ule.
PersonalgContractg-gcorrectganswerg-
gPoliciesgcovergpeoplegwhogowngandgoperategthings,gsuchgasgautom
obiles.
ConditionalgContractg-gcorrectganswerg-
gAlsogcalledgaghypotheticalgcontract,gisgagcontractgagreementgthatgo
nlygrequiresgperformancegoncegthegdelineatedgconditionsgaregmet.g
Thisglegalgagreementgrequiresgpriorgperformancegofganothergagree
mentgorgclausegingordergtogbegenforceable.gIfgthegothergagreementgo
rgconditiongisgperformed,gthengthegconditionalgcontractgisgenforceabl
egandgthegpartiesgaregboundgtogcarrygoutgthegtermsgofgthegcontract.
, ContractgofgIndemnityg-gcorrectganswerg-
gPrinciplegofginsurancegthatgprovidesgthatgwhengaglossgoccurs,gthegi
nsuredgshouldgbegrestoredgtogthegapproximategfinancialgconditiong
he/shegoccupiedgbeforegtheglossgoccurred,gnogbettergorgnogworse.
InsurablegInterestg-gcorrectganswerg-
gthegreasonablegconcerngofgagpersongtogobtainginsurancegforganygind
ividualgorgpropertygagainstgunforeseengeventsgsuchgasgdeath,glosse
s,getc.
Waiverg-gcorrectganswerg-
g1.)gImpliedgvoluntarygrelinquishment,gabandoninggaglegalgadva
ntage,gneed,gclaimgorgright.
2.)gAgreementgorgaddedgclausegofgagpolicygthatgexcludesgsomegl
ossesgorglimitsgthegsumgofgagclaim,gorgextendsgcoveragegtogaddgit
emsgnotgingagnormalgpolicy.
ExpressgWaiverg-gcorrectganswerg-
gOccursgwhengtheginsurergorgitsgrepresentativegknowinglyggivesgupga
gknowngrightgundergtheginsurancegcontract.
