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State Farm Policy Questions and Correct Detailed Answers (Verified Answers)

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QUIZ:What are Special Limits of Liability? ~ These limits do not increase the Coverage B limit. The special limit for each of the following categories is the total limit for each loss for all property in that category: money, coins and medals, including any of these that are a part of a collection, and bank notes; ~ $200 property used or intended for use in a business, including merchandise held as samples or for sale or for delivery after sale ~ $1,000 - This coverage is limited to $250 on such property away from the residence premises. securities, checks, cashier's checks, traveler's checks, money orders and other negotiable instruments ~ $1,000 watercraft of all types and outboard motors, including their trailers, ~ $1,000 trailers not used with watercraft; ~ $1,000 stamps, trading cards and comic books, including any of these that are a part of a collection; ~ $2500

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Institution
State Farm Certification
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State farm certification








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Institution
State farm certification
Course
State farm certification

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Uploaded on
February 17, 2025
Number of pages
4
Written in
2024/2025
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Exam (elaborations)
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Questions & answers

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State Farm Policy Questions and
Correct Detailed Answers (Verified
Answers)
QUIZ:What are Special Limits of Liability?
✓✓~ These limits do not increase the Coverage B limit. The special
limit for each of the following categories is the total limit for each
loss for all property in that category:



money, coins and medals, including any of
these that are a part of a collection, and bank notes;
✓✓~ $200



property used or intended for use in a business, including
merchandise held as samples or for sale or for delivery after
sale
✓✓~ $1,000 - This coverage is limited to $250 on

such property away from the residence premises.



securities, checks, cashier's checks, traveler's
checks, money orders and other negotiable
instruments
✓✓~ $1,000
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