FLORIDA PUBLIC ADJUSTING 3-20, FLORIDA 3-20 PUBLIC ADJUSTER EXAM OUTLINES, FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM (ALL THREE IN ONE) 2023-2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES |AGRADE

FLORIDA PUBLIC ADJUSTING 3-20, FLORIDA 3-20 PUBLIC

ADJUSTER EXAM OUTLINES, FLORIDA 3-20 PUBLIC

ADJUSTERS STATE EXAM (ALL THREE IN ONE) 2023-2024

ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED

ANSWERS WITH RATIONALES |AGRADE

Name the endorsement used on the dwelling policy to keep values

current with the replacement cost of the buildings (inflation of

construction costs) - ANSWER- The Automatic Increase Endorsement

What coverage should be added to the Business Owners Coverage Form

if the named insured's employees use their own vehicles to run errands

when the insured does not have commercial auto coverage? - ANSWERNon-Owned and Hired

What is coverage based on under the commercial property condominium

association form? - ANSWER- Association agreement and bylaws

Name the excluded types of property under the Commercial Building

and Personal Property Form. - ANSWER- Animals (unless for sale)

Autos

Money

The BOP 2010 has extended the time for loss of income under an act of

civil authority. Was is the length of the time? - ANSWER- Four Weeks

How long must all claim files be maintained and available for open and

closed files for the current and the preceding year? - ANSWER- 3 Years

DP-3 only provides damage to covered property caused by: - ANSWERBurglars

The HO-3 policy limits the theft of money to what amount? -

ANSWER- $200.00

In addition to the max coverage under an equipment breakdown

protection policy, what other expenses in addition to the limits of

coverage will the insurer pay? - ANSWER- Legal Fees

What is the prime coverage under flood insurance? - ANSWEROverflow of inland or tidal water

Under the DP-1 basic form what is excluded? - ANSWER- war

earthquake

landslide

Volcanic eruption can be found on which type of policy? - ANSWERThe basic dwelling policy

A Scheduled Personal Property endorsement under a Personal Inland

Marine Policy is usually settled on - ANSWER- ACV or Agreed Mutual

Basis

A Scheduled Personal Property endorsement under a Personal Inland

Marine Policy is usually issued on: - ANSWER- An Open Peril

Which section explains the important terms used throughout the

contract? - ANSWER- Definitions

Under a dwelling broad or special form, what is the maximum that

would be paid for "loss of use"? - ANSWER- 20% of the Dwelling

Coverage

Though multiple parties may be involved in a lawsuit, the opposing

sides are referred to as: - ANSWER- Plaintiff and Defendant

Exclusions under the theft, disappearance and destruction coverage

form. - ANSWER- Fire

Vandalism

Accounting Errors

The theft disappearance and destruction coverage form is designed to

cover - ANSWER- Criminal Activities of customer and others

What is covered by a SP-23 protection and indemnity policy? -

ANSWER- Loss of life, Injury and illness

Collision liabilities including defence costs

Damage to docks, buoys and other structures

When a motor vehicle is sold, transported, or delivered to a salvage

motor vehicle dealer, it must be accompanied by: - ANSWER- Properly

endorsed certificate of title

Salvage certificate of title

Vehicle certificate of destruction

What does the HO Policy Loss of Use cover? - ANSWER- ALE

An equipment dealers coverage form is designed to provide insurance on

- ANSWER- Equipment owned by the insured

Equipment in the insured's custody for servicing or storage

Equipment entrusted to the insured dealer for sale

What is not included in the calculations for replacement cost coverage? -

ANSWER- (Hidden Items)

Underground pipes

Flues

Wiring

Drains

When is a public adjuster in Florida not Permitted to Solicit an insured

or claimant? - ANSWER- Sunday