The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
Fair Credit Reporting Act: Law that requires companies to inform consumers when credit reports are accessed for
that consumer.
Field adjuster: A claim adjuster that primarily works outside the insurance company offices.
Financial Responsibility Clause: An insurance policy clause that stipulates compliance with the financial
responsibility laws of a given state.
Financial Responsibility Law: The minimum statutory limits of protection required by operators of motor vehicles
in a given state.
First Party Coverage: Insurance coverage for the policyholders own property or person.
Flat Cancellation: A rescission of an insurance policy and the return of the entire premium to the policyholder.
Fleet Policy: A business auto insurance policy for multiple vehicles, usually five or more.
Flood: When two or more acres of normally dry land are swamped by water, flooding has occurred.
Florida: The Sunshine state, located in the southeastern corner of the United States.
Forced Placed insurance: Insurance placed by a bank or creditor when the debtor fails to maintain insurance on
collateral property (financed or leased vehicle).
Foreign Insurance Company: Name indicating an insurance company is licensed in a state other than the state
where it transacts insurance.
Fraud: Intentional lying or concealment by a claimant to obtain insurance payment.
Frequency: The number of times a loss has occurred in a given time period.
Fair Credit Reporting Act: Law that requires companies to inform consumers when credit reports are accessed for
that consumer.
Field adjuster: A claim adjuster that primarily works outside the insurance company offices.
Financial Responsibility Clause: An insurance policy clause that stipulates compliance with the financial
responsibility laws of a given state.
Financial Responsibility Law: The minimum statutory limits of protection required by operators of motor vehicles
in a given state.
First Party Coverage: Insurance coverage for the policyholders own property or person.
Flat Cancellation: A rescission of an insurance policy and the return of the entire premium to the policyholder.
Fleet Policy: A business auto insurance policy for multiple vehicles, usually five or more.
Flood: When two or more acres of normally dry land are swamped by water, flooding has occurred.
Florida: The Sunshine state, located in the southeastern corner of the United States.
Forced Placed insurance: Insurance placed by a bank or creditor when the debtor fails to maintain insurance on
collateral property (financed or leased vehicle).
Foreign Insurance Company: Name indicating an insurance company is licensed in a state other than the state
where it transacts insurance.
Fraud: Intentional lying or concealment by a claimant to obtain insurance payment.
Frequency: The number of times a loss has occurred in a given time period.
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Florida Auto Plus Insurance, Simply the best.
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Clifford J. Schimek - Lower your car insurance cost for life.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.