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Florida All Lines Adjuster Vocab Exam 2025 Questions and Answers Abandonment Clause - --CORRECT ANSWER--a clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accident - --CORRECT ANSWER--a sudden fortuitous event Actual Cash Value (ACV) - --CORRECT ANSWER--The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to determine amount of reimbursement for a loss. Accounts Recievable Coverage Form - --CORRECT ANSWER--An Inland Marine Coverage form that insures against the loss the insured suffers because of an inability to collect from customers when accounts receivable records are damaged. Adjuster - --CORRECT ANSWER--an adjuster or claims representative is one who is involved in the investigation, adjustment, negotiation and/or trial preperationof claims arising under policies of insurance. Adjustment - --CORRECT ANSWER--the ultimate disposition of a claim ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1