Adjuster pro florida - Study guides, Class notes & Summaries

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FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS 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 paym...

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Adjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAccumulated 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...

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ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY 2024 UPDATE|250+ QUESTIONS AND ANSWERS |ESSENTIAL FOR FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024/2025. Accumulated Depreciation -- CORRECT 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) -- CORRECT ANSWER->> A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formu...

ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Accumulated Depreciation 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) A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion One of the characteristics of an insurance contra...

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ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Accumulated Depreciation 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) A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion One of the characteristics of an insurance contra...

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