FLORIDA CLAIMS ADJUSTER
LATEST EXAM 2023-2024\/CLAIMS
ADJUSTER (FLORIDA) 270+ REAL
EXAM QUESTIONS AND CORRECT
ANSWERS|AGRADE
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 – ANSWER- Loss of Settlement Contract
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?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above – ANSWER- Conditional Contract
“may be conditioned”
If financial responsibility doesn’t exist at the time of an accident, which
of the following things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10\/20\/10)
B. The owner and operator must provide certification of future
responsibility for future accidents<\/p>\n\n\n\n
C. Both A & B
D. None of the Above – ANSWER- C. Both A & B
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause – ANSWER- B. Mortgagee Clause
Mortgagee – Homeowner’s policy
Loss Payee – Automobile policy
Which of the following forms is “all-risk” on the dwelling policy?
A. DP-1, or the Basic Form
B. DP-2, or the Broad
C. DP-3, or the Special Form
D. None of the Above – ANSWER- C. DP-3, or the Special Form
Which of the following is not covered under Coverage C, Personal
Property?
A. A fire breaks out in the residence and an overnight guest loses his
clothes in the fire
B. A fish dies because he has been left alone for a week without food
C. The insureds daughters tennis racket is stolen from her locker
D. The insureds suitcase and clothing, valued at $1,500, are stolen from
his hotel – ANSWER- 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.
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<\/p>\n\n\n\n
Also included: personal, non-business risk, no more than 2
roomers\/boarders, condominium unit owners and cooperative apartment
occupants
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:
A. Preferred Risk Flood Policy
B. Standard Flood Policy
C. Universal Flood Insurance
D. None of the Above – ANSWER- A. 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:
A. Condominium Dwelling Form
B. Personal Condominium Unit Owners Form
C. Condominium Unit Owners Form
D. None of the Above – ANSWER- C. Condominium Unit Owners Form
Does not cover buildings since coverage would typically be provided
under the Condo Association coverage form issued.
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:<\/p>\n\n\n\n
A. Condominium Association Form FLORIDA CLAIMS ADJUSTERLATEST EXAM 2023-2024\/CLAIMSADJUSTER (FLORIDA) 270+ REALEXAM QUESTIONS AND CORRECTANSWERS|AGRADEThe following are basic characteristics of a property or liabilityinsurance contract, except:A. Personal ContractB. Conditional ContractC. Loss of Settlement ContractD. Contract of Adhesion – ANSWER- Loss of Settlement ContractThe Insurer’s responsibility to pay for a property loss may beconditioned on the insured having used reasonable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-113641","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=113641"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=113641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=113641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=113641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
B. Condominium Unit Owners Form
C. Condominium Insured Owner Form
D. None of the Above – ANSWER- A. 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:
A. Business Property Insurance
B. Building Property Insurance
C. Commercial Property Insurance
D. None of the Above – ANSWER- C. 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 nonrenewal. 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. Liberalization states, “The insured gets the benefit of any broadened coverage if the company, within ____<\/em><\/strong><\/em><\/strong> days of inception, adopts a
form revision that is broader and without increase in premium.”
A. 10 days
B. 55 days
C. 65 days
D. 45 days – ANSWER- D. 45 days
Protects against loss of business income that results from damage to
covered property from a covered cause of loss.<\/p>\n","protected":false},"excerpt":{"rendered":"