FLORIDA 3-20 PUBLIC ADJUSTER STATE EXAM
140 REVISION HANDBOOK 2026 LIABILITY
COVERAGE AND LEGAL REQUIREMENTS
◉ Valuation of Mobile/Manufactured Homes
Answer: If the manufactured home's homeowners' policy has a value
on it, and you're in a valued policy state, the insurance company will
pay up to the limit listed on the policy if the home is deemed a total
loss.
Some manufactured home policies will have a provision that allows
for homes less than a certain age (10 years for example) to be valued
at replacement cost. This has been done in part because some
companies recognize that construction methods have changed over
the years and that the home is newer. It's kind of like getting new car
replacement on your auto policy, but only for late models.
◉ DP-1 Basic Form
Answer: Perils insured against are fire, lightning, and internal
explosion.
◉ DP-2 Broad Form
Answer: This dwelling coverage form covers perils included under
the DP-1 with ECE and optional VMM endorsement attached,
,plus: burglars; falling objects; weight of snow, ice, sleet; accidental
discharge or overflow of water or steam; sudden and accidental
tearing apart, cracking, burning or bulging of a steam or hot water
heating system, or an air conditioning or automatic fire protective
sprinkler system, or an appliance for heating water; freezing of a
plumbing, heating, air conditioning, or automatic fire protective
sprinkler system, or of a household appliance; and sudden and
accidental damage from artificially generated electrical current.
◉ DP-3 Special Form
Answer: covers the dwelling and other structures on an open perils
basis, except for the perils specifically excluded.
◉ Basic Form
Answer: covers these 11 "perils" or causes of loss: Fire or Lightning,
Smoke, Windstorm or Hail, Explosion, Riot or Civil Commotion,
Aircraft (striking the property), Vehicles (striking the property),
Glass Breakage, Vandalism & Malicious Mischief, Theft, and Volcanic
Eruption.
◉ Broad Form
Answer: covers the same 11 perils, but adds 6 more: Falling objects,
Weight of ice, snow or sleet, accidental discharge or overflow of
water or stream from within plumbing or related systems; does not
include discharge or overflow of water from a sump, sudden and
accidental rupture of heating, air conditioning, fire protective
, sprinkler, or hot water heating system. Freezing of plumbing or
related systems. And Sudden and accidental damage from artificially
generated electrical current.
◉ Special Form
Answer: does not specifically list perils, rather it is "all risk"
coverage unless otherwise specifically excluded.
◉ HO-2 Policy
Answer: home insurance policy covers only your home and personal
property against threats specifically named on the policy's
declarations page. named peril policy — the covered threats are
specifically listed. Below are the 16 named perils covered:.
Lightning or fire
Hail or windstorm
Damage caused by aircraft
Explosions
Riots or civil disturbances
Smoke damage
Damage caused by vehicles
Theft
Vandalism
Falling objects
140 REVISION HANDBOOK 2026 LIABILITY
COVERAGE AND LEGAL REQUIREMENTS
◉ Valuation of Mobile/Manufactured Homes
Answer: If the manufactured home's homeowners' policy has a value
on it, and you're in a valued policy state, the insurance company will
pay up to the limit listed on the policy if the home is deemed a total
loss.
Some manufactured home policies will have a provision that allows
for homes less than a certain age (10 years for example) to be valued
at replacement cost. This has been done in part because some
companies recognize that construction methods have changed over
the years and that the home is newer. It's kind of like getting new car
replacement on your auto policy, but only for late models.
◉ DP-1 Basic Form
Answer: Perils insured against are fire, lightning, and internal
explosion.
◉ DP-2 Broad Form
Answer: This dwelling coverage form covers perils included under
the DP-1 with ECE and optional VMM endorsement attached,
,plus: burglars; falling objects; weight of snow, ice, sleet; accidental
discharge or overflow of water or steam; sudden and accidental
tearing apart, cracking, burning or bulging of a steam or hot water
heating system, or an air conditioning or automatic fire protective
sprinkler system, or an appliance for heating water; freezing of a
plumbing, heating, air conditioning, or automatic fire protective
sprinkler system, or of a household appliance; and sudden and
accidental damage from artificially generated electrical current.
◉ DP-3 Special Form
Answer: covers the dwelling and other structures on an open perils
basis, except for the perils specifically excluded.
◉ Basic Form
Answer: covers these 11 "perils" or causes of loss: Fire or Lightning,
Smoke, Windstorm or Hail, Explosion, Riot or Civil Commotion,
Aircraft (striking the property), Vehicles (striking the property),
Glass Breakage, Vandalism & Malicious Mischief, Theft, and Volcanic
Eruption.
◉ Broad Form
Answer: covers the same 11 perils, but adds 6 more: Falling objects,
Weight of ice, snow or sleet, accidental discharge or overflow of
water or stream from within plumbing or related systems; does not
include discharge or overflow of water from a sump, sudden and
accidental rupture of heating, air conditioning, fire protective
, sprinkler, or hot water heating system. Freezing of plumbing or
related systems. And Sudden and accidental damage from artificially
generated electrical current.
◉ Special Form
Answer: does not specifically list perils, rather it is "all risk"
coverage unless otherwise specifically excluded.
◉ HO-2 Policy
Answer: home insurance policy covers only your home and personal
property against threats specifically named on the policy's
declarations page. named peril policy — the covered threats are
specifically listed. Below are the 16 named perils covered:.
Lightning or fire
Hail or windstorm
Damage caused by aircraft
Explosions
Riots or civil disturbances
Smoke damage
Damage caused by vehicles
Theft
Vandalism
Falling objects
