Florida Insurance Claims Adjuster License Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

The Builders Risk Coverage Form assumes which coinsurance provision:

90%

100%

The Builders Risk Coverage Form typically includes a 100% coinsurance provision, which means that the policyholder must insure the property for at least 100% of its estimated replacement cost in order to receive full coverage for any losses. Option A (90%) would result in a penalty for underinsurance, while options C (80%) and D (70%) would provide even less coverage, leaving the policyholder vulnerable to financial loss in the event of a claim. Therefore, the 100% coinsurance provision is the most beneficial and commonly used provision in the Builders Risk Coverage Form.

Get further explanation with Examzify DeepDiveBeta

80%

70%

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy