Florida Claims Adjuster Exam Questions and Answers (100% Pass)
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Course
Florida Claims Adjuster
Institution
Florida Claims Adjuster
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
ANS: D. All...
For example, if a property insurance policy covers the peril of fire but further
damage is caused by smoke, water used to extinguish, and the process of
moving property away - fire is considered to be the *proximate cause* of all
of the damage.
The Loss Settlement Valuation that subtracts an allowance for depreciation is
defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
ANS: A. Actual Cash Value
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
ANS: A. Warranty
Master01 | October, 2024/2025 | Latest update
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