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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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.