Fl all lines - Study guides, Class notes & Summaries

1. 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: 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 interests on worki...

FL All Lines Claims Adjuster. exam 2023 with 100% correct answers

FL All Lines Claims Adjuster Latest 2023/2024[100% correct answers & explanations]

What is an eligible building for flood insurance? CORRECT ANSWER 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? CORRECT ANSWER Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? CORRECT ANSWER No, HO-4 (Renters personal proper...

FL All Lines Claims Adjuster Answered Questions 2023-24 Updated Solutions.

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...

FL All Lines Claims Adjuster Answered Questions 2023-24 Updated Solutions.FL All Lines Claims Adjuster Answered Questions 2023-24 Updated Solutions.

What is an eligible building for flood insurance? - ANSWER-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? - ANSWER-Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? - ANSWER-No, HO-4 (Renters personal property) What is cas...

What is an eligible building for flood insurance? correct answers 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? correct answers Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? correct answers No, HO-4 (Renters personal pro...

FL All Lines Claims Adjuster. exam 2023 with 100% correct answers