Florida Insurance Claims Adjuster License Practice Exam

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Prepare for the Florida Insurance Claims Adjuster Test. Access multiple choice questions, flashcards, and detailed explanations to enhance your knowledge and confidence. Start mastering the material today!

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If Coverage A is $250,000 under an HO3 policy, what is Coverage B?

$10,000
None of the above
$20,000
$25,000

The correct answer is: $25,000

An HO3 policy provides coverage for both personal property and liability. Coverage A is typically the amount of coverage for personal property, which in this case is $250,000. Coverage B refers to the amount of coverage for the structure of the home. Option A and C are incorrect as they are significantly lower than the coverage provided for personal property. Option B is also incorrect as Coverage B is not the same as any of the options provided. Therefore, the correct answer is D, which is $25,000. This amount can vary based on the cost to rebuild the home and may not always be equal to Coverage A.