FLORIDA ALL LINES CLAIMS ADJUSTER 100 QUESTIONS
WITH VERIFIED COMPLETE AND CORRECT
ANSWERS/2023/A+ GRADE
What is an eligible building for flood
... [Show More] 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
property)
What is casual labor in workers' compensation? Correct Answer: Labor that is casual, irregular,
limited or temporary purpose.
What is the waiting period for worker's compensation disability? Correct Answer: 7 days prior
to the payment of disability benefits. If a disability lasts more than 21 days, benefits will be paid
from the first day of injury.
What are the parties to a surety bond Correct Answer: Principle, Obligee, Surety, and
Indemnitor
How does a crime policy value money and securities? Correct Answer: Money is valued at face
value. Securities are valued on the day the loss was discovered.
How is the employee theft coverage written? Correct Answer: Scheduled persons coverage,
Scheduled position coverage, and blanket coverage
What is the deductible in an umbrella policy? Correct Answer: No deductible, this is liability
coverage
What are the types of Health Insurance? Correct Answer: HMO and PPO
What is the limit of medical expenses in workers' compensation? Correct Answer: There is no
limit
What does workers' compensation provide for funeral expenses? Correct Answer: If death
results within one year of an accident, or follows a continuous disability within 5 years, then
actual funeral expenses, not exceeding $7500
What is Ocean Marine coverage? Correct Answer: Oldest form of insurance known. Covers
perils associated with water transport.
FLORIDA ALL LINES CLAIMS ADJUSTER 100 QUESTIONS
WITH VERIFIED COMPLETE AND CORRECT
ANSWERS/2023/A+ GRADE
What is Inland Marine Coverage? Correct Answer: Covers the cargo traveling overland, instead
of by sea.
What is "all risk" coverage in a homeowners policy? Correct Answer: Property insurance
covering loss arising from any fortuitous cause except those specifically excluded
If you know how much Coverage A is in a Homeowners' policy, do you know how much
Coverage B and C would be? Correct Answer: Coverage B is automatically 10% of A and
Coverage C is normally 50% of A.
When is PIP available to the insured? Correct Answer: PIP is available to an insured while
occupying a motor vehicle or while injured as a pedestrian in the state of FL
How does PIP deductible work? Correct Answer: If an insured selects a deductible than that
amount is always taken off the loss, even if its more than the PIP limit.
What does occupying mean in regard to auto? Correct Answer: means in, upon, getting in, on,
out, or off of a vehic [Show Less]