Ace the Florida Insurance Claims Adjuster Test 2026 – Jumpstart Your Adjusting Adventure!

A homeowners insurance policy provides coverage for the structure of your home and your personal belongings in case of damage or loss. Typically, homeowners purchase insurance through private insurance companies in the open market. However, in some cases, a homeowner may not be able to find coverage through these private companies due to risk factors such as the condition of the home or its location. In this situation, the homeowner can turn to the residual market for coverage. The residual market is a shared risk pool that provides insurance for those who cannot find coverage in the open market. In Florida, the residual market is handled by Citizens, also known as the Florida Residential Property and Casualty Joint Underwriting Association. This is the correct answer.

The other choices, while also Joint Underwriting Associations in Florida, handle different types of risks. The Florida Workers Compensation Joint Underwriting Association provides coverage for worker's compensation, which is a type of