Florida Claims Adjuster BUNDLE||EXAMS BUNDLED || FULL PACKAGED SOLUTION 2024 ( A+ GRADED 100% VERIFIED)

What is the primary difference between a staff adjuster and an independent adjuster? - ANSWER A staff adjuster works for an insurance company and an independent adjuster works independently for themselves or for adjusting firms who represent many clients. A couple has insured their home for $150,...

Actual Cash Value (ACV) - ANSWER Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - ANSWER One limit per occurrence is what we pay up to Split limit - ANSWER What we pay up to per person and per occurrence Deductible - ANSWER What the c...

Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destr...

At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above - ANSWER All of...

The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - ANSWER C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be cond...

What is insurance? - ANSWER protection against financial loss what is a premium - ANSWER a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies af...

What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - ANSWER 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - ANSWER Determining time and...

The insurer and insured agree to a specific value of insured item - ANSWER Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER Bailee Claim filed by policy holder against his _ - ANSWER First Party Claim When a person who entrusts another with an object...

Insurance - ANSWER transfer of risk by contract to insurers who agree to indemnify insureds for losses Risk - ANSWER chance of loss pure risk - ANSWER only outcomes are loss or no loss personal risk - ANSWER premature death, insufficient income, poor health, unemployment property risk - ANSWER ...

A claim in the property/casualty industry Is defined as: - ANSWER an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER peace of mind...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Repor...

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 - ANSWER D. All l...