Florida Insurance Claims Adjuster License Practice Exam

Question: 1 / 400

What is the deductible for a Personal Articles Floater (PAF)?

$250

$100

$500

$0

The deductible for a Personal Articles Floater insurance policy is typically $0. This is because this type of insurance covers valuable items such as jewelry, fine art, or collectibles, which may be difficult to replace or repair. Having a $0 deductible means that in the event of a covered loss, the policyholder will not have to pay anything out of pocket before the insurance company will reimburse them for the loss.

It is important to note that while a $0 deductible may seem like a great option, it often comes with a higher premium cost. This is because the insurance company is taking on more risk by not having the policyholder contribute to the cost of a covered loss.

Options A, B, and C all have specified deductible amounts, which would require the policyholder to pay that amount out of pocket before the insurance company would cover the rest of the loss. This is

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