Florida Insurance Claims Adjuster License Practice Exam

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What does Indirect Loss refer to?

Economic loss which flows as a result of direct loss.
The amount an insurance company pays after a claim.
The depreciation value of an item.
The percentage of risk shared between insured and insurer.

The correct answer is: 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.