Florida Insurance Claims Adjuster License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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.

The Builders Risk Coverage Form assumes which coinsurance provision:

90%
100%
80%
70%

The correct answer is: 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.