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Florida Claims Adjuster Exam Compilation Bundle
Florida Claims Adjuster Exam Compilation Bundle
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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interes...
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Add to cartFrank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interes...
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Peril Correct Answer: Something that causes a loss. 
 
Hazard Correct Answer: Something that increases the probability that a loss will occur. 
 
Warranty Correct Answer: A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a...
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Add to cartPeril Correct Answer: Something that causes a loss. 
 
Hazard Correct Answer: Something that increases the probability that a loss will occur. 
 
Warranty Correct Answer: A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a...
Severability Correct Answer: Insurance applies separately to each insured as if other insureds did not exist. 
 
Abandonment Correct Answer: Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full valu...
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Add to cartSeverability Correct Answer: Insurance applies separately to each insured as if other insureds did not exist. 
 
Abandonment Correct Answer: Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full valu...
This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: 
 
A. Waiver of Subrogation 
B. Waiver of Premium 
C. Waiver of Value 
D. None of the Above Correct Answer: B. Waiver of Premium 
 
"premiums are waived" 
 
Frank ow...
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Add to cartThis optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: 
 
A. Waiver of Subrogation 
B. Waiver of Premium 
C. Waiver of Value 
D. None of the Above Correct Answer: B. Waiver of Premium 
 
"premiums are waived" 
 
Frank ow...
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