Florida Insurance Claims Adjuster License Practice Exam

Under the Business and Personal Property Coverage Form, when does the provision for suspension for certain perils apply due to vacancy?

1. A. 60 days vacancy

2. B. 30 days vacancy

3. C. 90 days vacancy

4. D. 120 days vacancy

The correct answer is: A. 60 days vacancy

The provision for suspension for certain perils applies when the property has been vacant for 60 consecutive days. This means that if the property has been empty and unattended for 60 days or more, the coverage for certain perils such as vandalism, sprinkler leakage, and glass breakage, will be suspended until someone occupies the property again. Option B (30 days) is incorrect because the provision does not apply at this point. Option C (90 days) and D (120 days) are incorrect because the provision would have already been triggered at the 60 day mark. It's important for policyholders to be aware of this provision and take necessary precautions to avoid a lapse in coverage.