Page 1 of 43
FLORIDA ALL CLAIMS ADJUSTER EXAM/ TEST
PREPARATION/ ALL 200 QUESTIONS ANSWERED
CORRECTLY / BEST GRADE A+
Insurance applies separately to each insured as if other insureds did not exist. -
ANSWER: Severability
Property insurance policies usually contain a(n) __________ clause, *stating the
insured cannot dump damaged property on the insurer and demand its full value.* -
ANSWER: Abandonment
One wherein economic loss would be suffered from an adverse happening to the
subject. - ANSWER: 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.. -
ANSWER: Liberalization
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. - ANSWER: Doctrine of Proximate Cause
The Loss Settlement Valuation that subtracts an allowance for depreciation -
ANSWER: Actual Cash Value
A policy condition, either based on information in the insured's application or
inserted by the insurer - ANSWER: Warranty
,Page 2 of 43
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? -
ANSWER: Conditional Contract
36 Months/36,000 Miles
Used vehicles: 12 Months/12,000 Miles - ANSWER: Under Mechanical
Breakdown Coverage, *new cars are eligible for service up to:*
The legally valid claims of others must be satisfied (10/20/10)
The owner and operator must provide certification of future responsibility for
future accidents - ANSWER: If financial responsibility doesn't exist at the time of
an accident, what happens?
3 - ANSWER: As to required proof for future accidents by purchase of auto
liability insurance, the insurer must make a filing (Form SR-22) certifying that
coverage is in effect, and this certification must remain on file for __________
years
The Trailer Interchange Coverage Form - ANSWER: The Business Automobile
Policy includes all of the following coverage forms except:
10,000 - ANSWER: Personal Injury Protection, or PIP, has a __________ per
person, per accident limit.
Garage Coverage Form - ANSWER: Used to insure businesses engaged in selling,
servicing, repairing, parking or storing automobiles:
,Page 3 of 43
Split
10/20/10 =
10,000 per person injured
20,000 all injuries combined
10,000 property damage
Example of straight liability limit = $30,000 - ANSWER: The following examples
are referred to as __________ liability limits: 25/50/25 or 10/20/10.
$1,600
3000 (bills) - 1000 (deductible) =
2000 x .80 (eighty percent) - ANSWER: Jeremy has a not at fault accident. If he
has PIP with a $1,000 deductible, how much can he expect his PIP coverage to pay
toward his medical bills that total $3,000?
$5,000
Medical Payment limits apply per person; Frank will receive full amount towards
medical bills. - ANSWER: Frank has a not-at-fault accident, he has basic PIP, no
deductible and Med pay of $5,000. How much will his Med Pay contribute to
medical bills of $15,000?
Age & Gender of Insured - ANSWER: Which of the following is not one of the
rating factors for a Homeowner's Policy?
Other Structures
, Page 4 of 43
Examples include sheds, fences, pool houses, detached car ports, etc. - ANSWER:
On a Homeowner's Policy, covers items that are not permanently attached to the
dwelling. This is defined as:
Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy - ANSWER: A lender has an insurable interest in
a home and finds protection in the:
DP-3, or the Special Form - ANSWER: Which of the following forms is "all-risk"
on the dwelling policy?
Both A & B - ANSWER: When the basic liability limits provided by the policy
are insufficient for an insureds needs, two coverage forms are used to provide the
additional amounts of coverage:
A. Excess Liability
B. Umbrella
C. Both A & B
D. None of the Above
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. - ANSWER:
Which of the following is not covered under Coverage C, Personal Property?
FLORIDA ALL CLAIMS ADJUSTER EXAM/ TEST
PREPARATION/ ALL 200 QUESTIONS ANSWERED
CORRECTLY / BEST GRADE A+
Insurance applies separately to each insured as if other insureds did not exist. -
ANSWER: Severability
Property insurance policies usually contain a(n) __________ clause, *stating the
insured cannot dump damaged property on the insurer and demand its full value.* -
ANSWER: Abandonment
One wherein economic loss would be suffered from an adverse happening to the
subject. - ANSWER: 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.. -
ANSWER: Liberalization
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. - ANSWER: Doctrine of Proximate Cause
The Loss Settlement Valuation that subtracts an allowance for depreciation -
ANSWER: Actual Cash Value
A policy condition, either based on information in the insured's application or
inserted by the insurer - ANSWER: Warranty
,Page 2 of 43
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? -
ANSWER: Conditional Contract
36 Months/36,000 Miles
Used vehicles: 12 Months/12,000 Miles - ANSWER: Under Mechanical
Breakdown Coverage, *new cars are eligible for service up to:*
The legally valid claims of others must be satisfied (10/20/10)
The owner and operator must provide certification of future responsibility for
future accidents - ANSWER: If financial responsibility doesn't exist at the time of
an accident, what happens?
3 - ANSWER: As to required proof for future accidents by purchase of auto
liability insurance, the insurer must make a filing (Form SR-22) certifying that
coverage is in effect, and this certification must remain on file for __________
years
The Trailer Interchange Coverage Form - ANSWER: The Business Automobile
Policy includes all of the following coverage forms except:
10,000 - ANSWER: Personal Injury Protection, or PIP, has a __________ per
person, per accident limit.
Garage Coverage Form - ANSWER: Used to insure businesses engaged in selling,
servicing, repairing, parking or storing automobiles:
,Page 3 of 43
Split
10/20/10 =
10,000 per person injured
20,000 all injuries combined
10,000 property damage
Example of straight liability limit = $30,000 - ANSWER: The following examples
are referred to as __________ liability limits: 25/50/25 or 10/20/10.
$1,600
3000 (bills) - 1000 (deductible) =
2000 x .80 (eighty percent) - ANSWER: Jeremy has a not at fault accident. If he
has PIP with a $1,000 deductible, how much can he expect his PIP coverage to pay
toward his medical bills that total $3,000?
$5,000
Medical Payment limits apply per person; Frank will receive full amount towards
medical bills. - ANSWER: Frank has a not-at-fault accident, he has basic PIP, no
deductible and Med pay of $5,000. How much will his Med Pay contribute to
medical bills of $15,000?
Age & Gender of Insured - ANSWER: Which of the following is not one of the
rating factors for a Homeowner's Policy?
Other Structures
, Page 4 of 43
Examples include sheds, fences, pool houses, detached car ports, etc. - ANSWER:
On a Homeowner's Policy, covers items that are not permanently attached to the
dwelling. This is defined as:
Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy - ANSWER: A lender has an insurable interest in
a home and finds protection in the:
DP-3, or the Special Form - ANSWER: Which of the following forms is "all-risk"
on the dwelling policy?
Both A & B - ANSWER: When the basic liability limits provided by the policy
are insufficient for an insureds needs, two coverage forms are used to provide the
additional amounts of coverage:
A. Excess Liability
B. Umbrella
C. Both A & B
D. None of the Above
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. - ANSWER:
Which of the following is not covered under Coverage C, Personal Property?
