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 minimum basic liability limit for a Boiler and Machinery policy is:

$500,000
$1,000,000
$250,000
$100,000

The correct answer is: $500,000

A Boiler and Machinery policy provides coverage for accidents or breakdowns of boilers, heating systems, and machinery in a commercial setting. The minimum basic liability limit for this type of policy is typically set at $500,000. This amount is necessary in order to effectively cover potential damages that may result from a boiler or machinery malfunction. Option B is incorrect because it suggests a higher limit, which would increase the cost of the policy. Option C and D are also incorrect because they suggest lower limits that may not be enough to cover potential damages and legal costs.