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

Question: 1 / 400

What occurs once the loss equals or exceeds the franchise deductible?

The loss is partially paid

No payment is made

The loss is paid in full

An explanation could be

Once the loss equals or exceeds the franchise deductible, the insurance company will pay the full amount of the loss. This means that they will cover the entire cost of the loss, up to the maximum amount specified in the deductible. Option A is incorrect because the loss is not partially paid, it is paid in full. Option B is incorrect because some payment is made, as stated in option A. Option D is incorrect because the deductible is not doubled, it is simply the maximum amount that the insurance company will cover.

Get further explanation with Examzify DeepDiveBeta

The deductible is doubled

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy