FLORIDA CLAIMS ADJUSTER LICENSURE
ASSESSMENT SCRIPT 2026 VERIFIED
ANSWERS COMPREHENSIVE REVIEW
◉ Which of the following are characteristics of Homeowner's
Insurance?
A. Protects against economic loss to residences and household
property and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of
building
D. All of the Above.
Answer: D. All of the Above
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
◉ Jeremy owns a home that is recently damaged due to a hurricane.
The repair estimate is averaged at $25,000 and Jeremy decides to
stay in a hotel because most of the damage is to his bedroom and
,kitchen. Under a Homeowner's Policy, what coverage will pay for the
hotel room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties.
Answer: C. Loss of Use
The insurer will pay any necessary and reasonable expenses
associated with a daily living routine.
◉ An insured who wishes to purchase flood insurance, but is located
in a moderate or low risk flood zone may do so by purchasing a:.
Answer: Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
◉ Used only for Commercial Condominiums, it covers the unit-
owners business personal property and the personal property of
others in the insured's care, custody or control:.
Answer: Condominium Unit Owners Form
,◉ The Commercial Property Contract includes all of the following,
except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule.
Answer: Commercial Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
◉ Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal
property of others in the care, custody or control of the association
and located at the premises:.
Answer: Condominium Association Form
This, along with Condo Unit Owners Form, is located under Condo
Coverage.
◉ Sometimes referred to as commercial fire and allied lines, this is
the form of insurance that covers direct and indirect losses related
to properties other than one-to-four family dwellings and farm
properties:.
, Answer: Commercial Property Insurance
(the question is the definition for this term)
◉ Under Commercial Property Policies, Florida law requires an
insurer to give the insured at least __________days advance written
notice of non-renewal.
A. 25
B. 90
C. 45
D. None of the Above.
Answer: C. 45
Also, notice must state reasons the policy is not to be renewed.
◉ When a business's personal property values fluctuate, a single,
fixed amount of insurance could produce either over- or under-
insurance at any given time. With this option, the limit of coverage is
set at an amount somewhat higher than expected peak values..
Answer: Value Reporting
Replacement Cost is incorrect b/c it calculates monetary value of
one's personal property
◉ Liberalization states, "The insured gets the benefit of any
broadened coverage if the company, within __________ days of
ASSESSMENT SCRIPT 2026 VERIFIED
ANSWERS COMPREHENSIVE REVIEW
◉ Which of the following are characteristics of Homeowner's
Insurance?
A. Protects against economic loss to residences and household
property and legal liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of
building
D. All of the Above.
Answer: D. All of the Above
Also included: personal, non-business risk, no more than 2
roomers/boarders, condominium unit owners and cooperative
apartment occupants
◉ Jeremy owns a home that is recently damaged due to a hurricane.
The repair estimate is averaged at $25,000 and Jeremy decides to
stay in a hotel because most of the damage is to his bedroom and
,kitchen. Under a Homeowner's Policy, what coverage will pay for the
hotel room bill?
A. Fair Rental Value
B. Value Obligation
C. Loss of Use
D. Insurers Duties.
Answer: C. Loss of Use
The insurer will pay any necessary and reasonable expenses
associated with a daily living routine.
◉ An insured who wishes to purchase flood insurance, but is located
in a moderate or low risk flood zone may do so by purchasing a:.
Answer: Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government,
those who are not in a "flood zone" may purchase a preferred risk
policy to cover them for a flood claim.
◉ Used only for Commercial Condominiums, it covers the unit-
owners business personal property and the personal property of
others in the insured's care, custody or control:.
Answer: Condominium Unit Owners Form
,◉ The Commercial Property Contract includes all of the following,
except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule.
Answer: Commercial Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
◉ Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal
property of others in the care, custody or control of the association
and located at the premises:.
Answer: Condominium Association Form
This, along with Condo Unit Owners Form, is located under Condo
Coverage.
◉ Sometimes referred to as commercial fire and allied lines, this is
the form of insurance that covers direct and indirect losses related
to properties other than one-to-four family dwellings and farm
properties:.
, Answer: Commercial Property Insurance
(the question is the definition for this term)
◉ Under Commercial Property Policies, Florida law requires an
insurer to give the insured at least __________days advance written
notice of non-renewal.
A. 25
B. 90
C. 45
D. None of the Above.
Answer: C. 45
Also, notice must state reasons the policy is not to be renewed.
◉ When a business's personal property values fluctuate, a single,
fixed amount of insurance could produce either over- or under-
insurance at any given time. With this option, the limit of coverage is
set at an amount somewhat higher than expected peak values..
Answer: Value Reporting
Replacement Cost is incorrect b/c it calculates monetary value of
one's personal property
◉ Liberalization states, "The insured gets the benefit of any
broadened coverage if the company, within __________ days of
