Adjuster Pro - Florida Certified Adjuster Glossary _ Q&a

Tortfeasor {Ans: The defendant in a court case who committed the tort.}RC {Ans: RC: Replacement Cost, It refers to the cost of repairing or replacing an insured item, based onthe item's value at the time of the loss.}Claimant {Ans: One who files a claim with an insurer for a loss.}FEMA {Ans: Federal Emergency Management Agency - a branch of homeland security that coordinatesrelief programs when disaster strikes an entire community.}Fraud, Soft {Ans: Inflating the gravity or the extent of claims in order to receive a higher indemnification.}Homeowner's Policy {Ans: An insurance policy that combines property coverage with liability coverage for a person'shome.}