Which deductible is NOT associated with FAJUA Physical Damage Coverage?

Prepare for the Florida 2-20 Insurance Agent License Exam. Leverage flashcards and multiple-choice questions with detailed explanations. Be exam-ready with confidence!

In the context of FAJUA (Florida Automobile Joint Underwriting Association) Physical Damage Coverage, certain predetermined deductible amounts are set in relation to how claims are processed. The FAJUA program is designed specifically to provide coverage to high-risk drivers who may have difficulty obtaining insurance through standard markets.

The standard deductibles associated with FAJUA Physical Damage Coverage are typically $1,000, $1,500, and $3,000. These amounts are established based on underwriting criteria and the need to manage risk within the pool of insured drivers.

The deductible of $2,500 stands out as it is not offered as an option under this specific coverage. Thus, when considering the common deductibles within the FAJUA framework, the absence of a $2,500 deductible marks it as the option that does not align with the established offerings.

Choosing the correct deductible option requires familiarity with what is specifically laid out for FAJUA participants and understanding the overall structure of how physical damage coverage is applied in this state program.

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