Florida Certified Adjuster Pre-Licensing Exam Newest

• | P a g e

pg. 1 Florida Certified Adjuster Pre-Licensing Exam Newest Actual Exam| Real Exam Questions and Correct answers (Verified Answers) Already Graded a+|| New!!

Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property.What term most accurately describes the type of policy Stu would purchase?

• Valuable Papers Policy
• Actual Cash Value Policy
• Standard Fire Policy
• Monoline Policy - ANSWER - D. Monoline Policy

Strong winds have torn a hole in Janet's roof. On top of that, heavy rain is expected in her area in the next few days. Figuring it would simply be too much effort to put a tarp over the hole in her roof, Janet elects to do nothing. The rains come and destroy several of her possessions inside her home. Janet files a claim with her insurer for the losses, but it comes

back denied. This is because:

• Homeowners insurance covers personal property at an actual cash

value, and her personal items were worth nothing after they were destroyed.

• Storm damage is not covered under a standard homeowner's policy.
• Janet failed to make a reasonable effort to protect the property from

further damages. 1 / 4

• | P a g e

pg. 2

• Janet's policy has coverage for wind damage, but not flood damage. -

ANSWER - C. Janet failed to make a reasonable effort to protect the property from further damages.

Which of the following endorsements is mandatory for all Florida residential property policies?

• Sinkhole
• Sewer backup
• Earthquake
• Catastrophic ground cover collapse - ANSWER - Every residential

property policy in Florida must include coverage for D. Catastrophic Ground Cover Collapse.

Coast-to-Coast Trucking is in the business of transporting fresh produce from farmers to markets all across the U.S. Which type of inland marine policy would best protect Coast-to-Coast Trucking's interest in the produce that it ships?

• Instrumentalities of Transportation and Communication policy
• Trip Transit policy
• Motor Truck Cargo policy
• Mail Coverage Policy - ANSWER - C. Motor Truck Cargo policy

In order to adjust claims for the NFIP, adjusters must meet several requirements. Which of the following is NOT one of these requirements?

• Attend an NFIP claims presentation every 3 months 2 / 4

• | P a g e

pg. 3

• Be NFIP certified
• Attend an NFIP claims presentation annually
• Have at least 4 consecutive years of full-time property loss adjusting

experience - ANSWER - A. Attend an NFIP claims presentation every 3 months

Which of the following statements about the original Standard Fire Policy is FALSE?

• It was a named peril policy.
• Valuation was usually done on an actual cash value basis.
• It was the first multi-line policy, combining both Physical Damage

and Liability coverages.

• The only perils covered under the policy were fire and lightning. -

ANSWER - C. It was the first multi-line policy, combining both Physical Damage and Liability coverages.The Standard Fire Policy was a monoline policy - it only covered property damage.

A dwelling policy would NOT be appropriate for:

• a duplex owned by an individual.
• a single-family home wholly rented out.
• a four-plex owned by a corporation.
• a motorhome owned by an individual. - ANSWER - D. a motorhome

owned by an individual.

• / 4

• | P a g e

pg. 4 What is the most common type of Time Element Insurance?

• Contingency Insurance
• Business Interruption Insurance
• Liability Insurance
• Business Direct Insurance - ANSWER - B. Business Interruption

Insurance

Jane owns an aquarium supplies store and purchases a Business Owners Policy to protect her assets. Which of the following protections can Jane expect from her standard BOP with no endorsements?

• Named peril coverage
• Insurance for her company-owned vehicles
• Extra expense coverage
• Malpractice insurance - ANSWER - C. Extra expense coverage

With respect to Inland Marine insurance, a "Block" policy (such as a

Jewelers Block policy, or a Furriers Block policy) is an example of:

• a Theatrical Property Floater.
• a Personal Property Floater.
• a Commercial Floater.
• an Export. - ANSWER - C. a Commercial Floater.

What must be proven in order for Time Element Insurance to cover a loss?

• The direct loss could not have been prevented.
• / 4