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

Image Description

Question: 1 / 400

What does Indirect Loss refer to?

Economic loss which flows as a result of direct loss.

"Indirect Loss" refers to an economic loss that results from a direct loss. This means that the loss is not immediately caused by the specific event or situation, but rather stems from the consequences or effects of that event. The other options are incorrect because they do not accurately define "Indirect Loss." Option B refers to an insurance company paying a claim, which is not related to indirect loss. Option C mentions the depreciation value of an item, which is not related to economic loss. Option D discusses the percentage of risk shared between insured and insurer, which is also not related to indirect loss.

Get further explanation with Examzify DeepDiveBeta

The amount an insurance company pays after a claim.

The depreciation value of an item.

The percentage of risk shared between insured and insurer.

Next Question

Report this question

Download Florida Insurance Claims Adjuster License Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy