STATE FARM HOMEOWNER POLICY FP-7955
DEDUCIBLE, 2024/2025 EXAM WITH
CORRECT/ACCURATE ANSWERS
under an FP-7955 policy, deductibles apply to which of the
following types of losses. - Answer- B. Fire department service
charges
What is the category and sector code for 3 1/4" stain grade
baseboard? - Answer- C. FNC B3+
in the FP-7955 policy, Coverage C consists of three coverages: 1.
Additional Living Expense, 2. Fair Rental Value and 3. Property
Removed. True or False? - Answer- B. False
Under an FP-7955 policy, which of the following would be a
Coverage B item? - Answer- d. Free standing gas range
Jennifer Marco has a FP-7955 policy with coverage B limit of
$75,000, a $500 deductible and no option AI, ID, FA, or JF. Which
of the following statements is true concerning her personal
property. - Answer- D. Coverage for personal property applies for
perils listed under Section I - Losses Insured, Coverage B -
Personal Property and Section I - Additional Coverages.
The steps in applying the deductible on a FP-7955 homeowners
policy are:
,1. The deductible is first applied to the covered loss.
2. Any coverage or special limits are the applied to the covered
loss.
3. The amount payable to the insured will be the greater of the
amounts arrived at in steps 1 and 2. True or False? - Answer- A.
True
The definition of an insured includes all of the following except: -
Answer- B. Spouse
Composition shingles can be purchased in bundles which could be
1/3 square or 1/4 square. True or False? - Answer- A. True
The formula for determining the area of a trapezoid is: - Answer-
[(base1+base2) / 2] * height
The formula for determining the area of a triangle is: - Answer-
1/2 base * height
The formula for determining the area of a circle is: - Answer-
Blanket insulation is an uncut roll of insulation cut to length at the
job site. It is used in walls and attics. and may or may not have a
backing material. - Answer- A. True
, All of the following statements are true except: Select the false
statement.
A. Composition shingles are made of fiberglass or asphalt
saturated roofing material embedded with mineral granules
B. Wood roofing is generally divided into two categories, wood
shingles and wood shakes.
C. Composition shingle weights range from 120 lb. to 480 l.b per
square
D. Rigid roofing materials include cay, concrete, metal, and slate -
Answer- C. Composition shingle weights range from 120 lb. to 480
lb. per square.
Which of the following components is not a part of a roof truss? -
Answer- b. Bird's Mouth
Joe Smith has FP-7955 policy. He is a carpenter and has collected
100 2"x4" studs and 30 2"x6" ratters from various job sites. Joe
has no specific plans to use the lumber. The lumbar is covered
under Coverage A. True or False? - Answer- False
Under and FP-7955 policy, which of the following would not be a
Coverage A item? - Answer- d. Materials and supplies to build
bookshelves in the basement of the residence premises and
stored in the garage
An FP-7955 homeowners policy with an $250 deductible is in force
and the policy limits (Coverage A and Coverage B) are adequate
DEDUCIBLE, 2024/2025 EXAM WITH
CORRECT/ACCURATE ANSWERS
under an FP-7955 policy, deductibles apply to which of the
following types of losses. - Answer- B. Fire department service
charges
What is the category and sector code for 3 1/4" stain grade
baseboard? - Answer- C. FNC B3+
in the FP-7955 policy, Coverage C consists of three coverages: 1.
Additional Living Expense, 2. Fair Rental Value and 3. Property
Removed. True or False? - Answer- B. False
Under an FP-7955 policy, which of the following would be a
Coverage B item? - Answer- d. Free standing gas range
Jennifer Marco has a FP-7955 policy with coverage B limit of
$75,000, a $500 deductible and no option AI, ID, FA, or JF. Which
of the following statements is true concerning her personal
property. - Answer- D. Coverage for personal property applies for
perils listed under Section I - Losses Insured, Coverage B -
Personal Property and Section I - Additional Coverages.
The steps in applying the deductible on a FP-7955 homeowners
policy are:
,1. The deductible is first applied to the covered loss.
2. Any coverage or special limits are the applied to the covered
loss.
3. The amount payable to the insured will be the greater of the
amounts arrived at in steps 1 and 2. True or False? - Answer- A.
True
The definition of an insured includes all of the following except: -
Answer- B. Spouse
Composition shingles can be purchased in bundles which could be
1/3 square or 1/4 square. True or False? - Answer- A. True
The formula for determining the area of a trapezoid is: - Answer-
[(base1+base2) / 2] * height
The formula for determining the area of a triangle is: - Answer-
1/2 base * height
The formula for determining the area of a circle is: - Answer-
Blanket insulation is an uncut roll of insulation cut to length at the
job site. It is used in walls and attics. and may or may not have a
backing material. - Answer- A. True
, All of the following statements are true except: Select the false
statement.
A. Composition shingles are made of fiberglass or asphalt
saturated roofing material embedded with mineral granules
B. Wood roofing is generally divided into two categories, wood
shingles and wood shakes.
C. Composition shingle weights range from 120 lb. to 480 l.b per
square
D. Rigid roofing materials include cay, concrete, metal, and slate -
Answer- C. Composition shingle weights range from 120 lb. to 480
lb. per square.
Which of the following components is not a part of a roof truss? -
Answer- b. Bird's Mouth
Joe Smith has FP-7955 policy. He is a carpenter and has collected
100 2"x4" studs and 30 2"x6" ratters from various job sites. Joe
has no specific plans to use the lumber. The lumbar is covered
under Coverage A. True or False? - Answer- False
Under and FP-7955 policy, which of the following would not be a
Coverage A item? - Answer- d. Materials and supplies to build
bookshelves in the basement of the residence premises and
stored in the garage
An FP-7955 homeowners policy with an $250 deductible is in force
and the policy limits (Coverage A and Coverage B) are adequate
