FLORIDA ADJUSTER STATE TEST 2024 LATEST QUESTIONS WITH VERIFIED ANSWERS || ALREADY GRADED A+
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Course
Florida Claims adjuster
Institution
Florida Claims Adjuster
FLORIDA ADJUSTER STATE TEST
2024 LATEST QUESTIONS WITH
VERIFIED ANSWERS || ALREADY
GRADED A+
Who determines how much HO-6 coverages a Condominium
Owner needs? - ANSWER The Association
Homeowners Coverage A - ANSWER "Dwelling" covers the
dwelling building and structures atta...
FLORIDA ADJUSTER STATE TEST
2024 LATEST QUESTIONS WITH
VERIFIED ANSWERS || ALREADY
GRADED A+
Who determines how much HO-6 coverages a Condominium
Owner needs? - ANSWER ✔ The Association
Homeowners Coverage A - ANSWER ✔ "Dwelling" covers the
dwelling building and structures attached; also construction
materials and supplies on or adjacent to the premises.
Homeowners Coverage B - ANSWER ✔ "Other Structures"
covers private structures on the residence premises that are not
attached to the main dwelling.
Examples of "Other Structures" Per Coverage B of a
Homeowner's policy(book gives 5) - ANSWER ✔ 1.Detached
Garage.
2.Guest House.
3.Fence
4.Tennis Court
5.Storage Building
Company or Staff Adjusters - ANSWER ✔ Salaried Employees
under the supervision of the insurer.
Fee Adjusters - ANSWER ✔ Offer their services on a Fee for
Service Basis including Bureau Adjusters and Independent
Adjusters
Bureau Adjusters - ANSWER ✔ Serve National Insurance Firms
What is the difference between a Bureau Adjuster and an
Independent Adjuster - ANSWER ✔ A Bureau Adjuster is an
employee of the insurer and an Independent Adjuster is an
Independent Contractor
A Public Adjuster - ANSWER ✔ Aside from attorneys, Public
Adjusters are the only Adjusters who legally represent the rights
of the insured.
6 Responsibilities of the Public Adjuster - ANSWER ✔ 1.Evaluate
2.Substantiate
3.Determine values
4.Negotiate
5.Recommend(upgraded insurance)
6.Re-Open Claims
626.8796 - ANSWER ✔ Public Adjuster Fraud Statement
How long must a Public Adjuster wait after an event that leads to
a claim to contact the claimant? - ANSWER ✔ 48 hours.
(626.854(13))
, What format must the advertisement disclaimer be in? -
ANSWER ✔ Bold caps, but no specific type size. :-
)(626.854(7))(b))
What must Public Adjuster Contracts Contain regarding fraud by
insured - ANSWER ✔ Felony Warnings (626.8796) is the
requirement for the Public Adjuster. 817.234 is the felony,
775.082, 775.083 & 775.084 are the punishments.
What is the limit to the Public Adjuster's share of a re-opened
claim - ANSWER ✔ 20% (626.854(10)(a)).
How long does the client have to cancel the Public Adjuster's
Contract - ANSWER ✔ 3 Business Days
How long must the Public Adjuster keep his written estimate of
the claimant's Loss. - ANSWER ✔ 5 years
Homeowner's Coverage C - ANSWER ✔ "Personal Property"
covers Property, wherever it is located, that is owned or used by
"an Insured".
Homeowners Coverage D - ANSWER ✔ "Loss of Use" covers
increases over normal living costs if damage from a covered Peril
makes the residence unfit for occupancy.
What is the standard limit for Homeowners Coverage B? -
ANSWER ✔ 10% of the amount Insured for Coverage A and may
not be increased or decreased.
What is the standard amount for Coverage C - ANSWER ✔ 50%
of Coverage A.
, What is the standard limit of Homeowner's Coverage D for: HO-
2, HO-3 & HO-5? - ANSWER ✔ 30% Coverage A
How many Perils are listed as "General Exclusions" in your
textbook? - ANSWER ✔ 9
What is the most important Condition that has direct impact on
Homeowners Coverage? - ANSWER ✔ Loss Settlement
When might "Loss Settlement" cover buildings under Coverages
A & B to Full Replacement Cost? - ANSWER ✔ If the limit of
Insurance at the time of Loss is equal to 80% or more of the
replacement value of the building.
Statute that requires that when Property is Insured for
replacement cost is deemed a total loss, the full replacement cost
without reservation or holdback of depreciation must be paid. -
ANSWER ✔ 627.7011
627.7011 - ANSWER ✔ Statute that requires that when Property
Insured for replacement cost is deemed a total loss, the full
replacement cost without reservation or holdback of depreciation
must be paid.
Four Additional Homeowners Coverages - ANSWER ✔ 1. Claims
Expense
2. First Aid Expenses
3. Damage to Property of Others
4. Loss Assessment
Does Hurricane Coverage Occur on a Per Occurrence or an
Annual Basis - ANSWER ✔ An annual basis
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