What is fajua - Study guides, Class notes & Summaries

Florida Claims Adjuster Actual Exam 100% Correct Answers (Passed and Licensed) Updated 2023 Best Revision Material 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 value.* Insurable Interest -------- Correct...

FLORIDA CLAIMS ADJUSTER EXAM/203 QUESTIONS AND ANSWERS GRADED A 2023 EXAM Severability - √Answer>Insurance applies separately to each insured as if other insureds did not exist. -Abandonment - √Answer>Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value. * -Insurable Interest - √Answer>One wherein economic loss would be suffered from an adverse happening to t...

FLORIDA CLAIMS ADJUSTER LATEST EXAM /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|GRADED A The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss...

NGN ATI Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers A+ | 2023/2024 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 Correct Answer: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest...

FL All Lines Claims Adjuster Exam Questions and Answers What are the parts of an insurance contract? - Answer-Declarations, Insuring Agreement, Exclusions, and Conditions Requirements to win a claim for negligence? - Answer-Plaintiff must prove the defendant had a duty to act or not act, that they breached that duty, that the breach of duty was the cause of the plaintiffs injuries, and that there were actual injuries to the plaintiff What is a contract of adhesion? - Answer-Means the in...

What is an eligible building for flood insurance? - A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? - Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? - No, HO-4 (Renters personal property) What is casual labor in...

Claims Adjuster (Florida)| 206 questions| with complete solutions Claims Adjuster (Florida)| 206 questions| with complete solutions 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 - Correct Answer -D. All listed interests Remember that the insurer is not respo...

FL All Lines Claims Adjuster Questions and Answers, Graded A+ What is an eligible building for flood insurance? A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? No, ...

Florida Property & Casualty Insurance questions and answers The FAJUA is composed of: All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture,...

Person lines FLORIDA questions and answers with complete solutions. which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damage property from further loss, or defense expenses? A. Additional Coverage B. Exclusion C. Declaration D. Insuring Agreement - correct answers.A. Additional coverage The additional coverage portion of a policy provides an additional amount of coverage for a specific loss expense, at ...