Florida Insurance Claims Adjuster License Practice Exam

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Prepare for the Florida Insurance Claims Adjuster License Exam with this informative quiz. Engage with multiple-choice questions and explanations to boost your understanding and confidence for the official exam.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How much will an insured's HO Policy pay for damage to a fence, gazebo, and tool shed under an HO-3 Policy?

$10,000
No coverage
$25,000
$20,000

The correct answer is: $20,000

An HO-3 policy typically covers both the dwelling and other structures on the property, such as fences, gazebos, and tool sheds. However, the amount of coverage for these other structures is usually limited to a percentage of the coverage for the dwelling. In this case, the HO-3 policy would cover up to $20,000 for damage to the fence, gazebo, and tool shed. Option A is incorrect because it is too low of a coverage amount. Option B is incorrect because there is coverage, but it is limited. Option C is incorrect because it is too high of a coverage amount.