Claims adjusters - Study guides, Class notes & Summaries

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

FLORIDA CLAIMS ADJUSTER 2024 NEWEST DETAILED 206 QUESTIONS AND GUARANTEED ANSWERS WITH RATIONALES ALREADY A GRADE. What payment covers several areas of costs related to claims, and are payable in addition to the policy limits? A. Supplementary B. Liability C. Personal Injury D. All of the Above - ANSWER- A. Supplementary Generally, all costs of litigation are covered (court costs, prejudgment interest, judgement interest, cost of bonds to release attachments)

Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actua...

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. In the event of a loss, one payment is made by the insurer and it is up to the additional in...

Florida Claims Adjuster Exam 2023 | Questions with 100% Correct Answers | 59 Pages

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Florida Claims Adjuster Exam questions and answers 2023Severability Insurance applies separately to each insured as if other insureds did not exist. Abandonment 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 One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization States that if the insurer adopts a...

Florida 6-20 All Lines Claims Adjuster Test 2023 Questions and Answers (Verified Answers) Florida 6-20 All Lines Claims Adjuster Test 2023 Questions and Answers (Verified Answers)

State Farm Certification Claims Adjuster Exam With 100% Correct And Verified Answers 2024