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FLORIDA CERTIFIED CLAIMS ADJUSTER LICENSE
EXAM NEWEST 2025 ACTUAL EXAM TEST BANK|
COMPLETE 500 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+| | BRAND NEW!!
What is Florida’s total loss threshold? - ANSWER - 80%
If there is a lien on a total loss and the payoff equals or exceeds the settlement amount whom is the check sent to? - ANSWER - The entire payment will be made to the lien-holder.
Where does the total loss vehicle go after determining it is a total loss? - ANSWER - A salvage dealer.
What are the coverage Limits for rental reimbursement? - ANSWER - as low as 30/day to as high as 100/day for maximum of 30 days.
Do deductibles apply to rental reimbursement? - ANSWER - No.
When does rental reimbursement begin and end, if the vehicle is drivable? - ANSWER - coverage begins when parts have been received, ends when repairs are completed and the insured vehicle is returned to the owner.
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pg. 2 When does rental reimbursement begin and end, if the car is not drivable? - ANSWER - rental coverage begins immediately, ends when car is returned to owner.
When does rental reimbursement end, if a total loss occurs? - ANSWER
- 72 hours after the loss is settled.
In a theft case when does rental reimbursement begin? - ANSWER - 48 hours after the theft is reported to the carrier
In a theft case when does rental reimbursement end? - ANSWER - When the vehicle returned to the insured, when the vehicles damages have been repaired, or 72 hours after a total loss.
What are 3rd party rental reimbursement claimants entitled to? - ANSWER - 'like kind and quality' temporary transportation for as long as necessary
If you have towing and labor (road side assistance) endorsement who pays for the charges? - ANSWER - The carrier directly.
What are some exclusions of auto coverage? - ANSWER - Portal equipment, racing, or cab services.
What is subrogation? (Auto) - ANSWER - An insurer's legal right to seek damages from third parties after reimbursing insureds for a loss. 2 / 4
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pg. 3 What is mechanical breakdown designed to cover? - ANSWER - coverage against the failure of a vehicles mechanical parts or systems.
What are some exclusions for mechanical breakdown coverage? - ANSWER - Poor maintenance, collision, theft, racing, towing, normal maintenance, roadside assistance, any parts that have been altered or cab services
What are some special conditions for Mechanical breakdown? - ANSWER - Must maintain, must keep records, must promptly notify, must allow investigation, must protect.
What is the basic calculation of property home adjustment? - ANSWER
- Amount of loss - Deductible = Loss payment.
What does the homeowners policy Combine? - ANSWER - property coverages with personal liability medical payments coverage
What does a homeowners policy consist of? - ANSWER - The declarations page One of the policy forms (HO-3) Mandatory and optional endorsements
What are the 3 types of property? - ANSWER - real, personal, possession.
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What is Coverage A: (Homeowners) - ANSWER - Dwelling
What is coverage B: (Homeowners) - ANSWER - Other structures
What is Coverage C: (Homeowners) - ANSWER - Personal Property
What is Coverage D: (Homeowners) - ANSWER - Loss of use.
What does Coverage A cover? - ANSWER - Dwelling building and any attached structures, and construction material or supplies on or adjacent to the premises for use in alteration or repair of dwelling.
Does Coverage A appear in the HO-4 (renters) policy? - ANSWER - No.
What does Coverage B cover? - ANSWER - >"detached private structures" >any structure or building separated from the dwelling by a clear space.
Does coverage B appear the HO-4 (renters) policy? - ANSWER - No.
What does coverage C cover? - ANSWER - Personal property, regardless of location.
What are the coverage C limits on Money, precious metals, stored cards and smart cards? - ANSWER - $200.00
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