Florida Insurance Claims Adjuster License Practice Exam 2025 - Free Insurance Claims Adjuster License Practice Questions and Study Guide

Question: 1 / 400

How is money valued under the Valuation clause?

At its face value

The Valuation clause is a provision in insurance policies that determines how much an insurance company must pay for a covered loss. In this case, the correct option is A because money is typically valued at its face value, meaning its nominal or declared worth. Option B is incorrect because it would only apply to non-monetary assets. Option C is also incorrect because while current market value may be used to determine the worth of assets, it is not typically applied to money. Option D is incorrect because there are options available for valuing money, even if they are not listed.

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At its value at the time of claim

Based on current market value

None of the above

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