Florida Insurance Claims Adjuster License Practice Exam

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How does the Mechanical Breakdown Policy respond when the odometer reaches 40,000 and the car has a serious breakdown involving the transmission?

  1. No coverage because the policy expired

  2. No coverage because a transmission is not covered

  3. ACV coverage will apply

  4. Replacement cost coverage will apply

The correct answer is: No coverage because the policy expired

If the odometer reaches 40,000 and the car experiences a serious breakdown involving the transmission, the Mechanical Breakdown Policy will not provide coverage because the policy has expired. This means that the policy was only valid until the odometer reached 40,000 and once it reaches this limit, the coverage ends. It is important to note that although other coverages such as ACV or replacement cost coverage may apply, the Mechanical Breakdown Policy will not provide any coverage in this particular scenario. Therefore, options B, C, and D are incorrect in this situation.

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