STATE FARM ESTIMATICS EXAM: MOST
COMPREHENSIVE QUESTIONS &
ANSWERS | COMPLETE STUDY GUIDE
2026/2027 | VERIFIED ANSWERS | 100%
CORRECT | GRADED A+ | PASS
GUARANTEED | LATEST UPDATE
What are considered parts of the policy structure - ANSWER conditions,
exclusions, insuring clause
A homeowner sells his house to a friend. The friend wants to keep the
homeowner's current policy in effect. Under the assignment provision, which of the
following is most likely? - ANSWER The homeowner will need to get written
consent from the insurer before the policy can be reassigned
What is consideration? - ANSWER something of value that is transferred
between the two parties to form a legal contract
What are endorsements - ANSWER change the policy's original terms,
conditions, or coverages. Endorsements can add or delete coverage or merely
correct items such as the insured's name and address, etc
Termination of an in-force insurance policy prior to the expiration date shown in
the policy is known as - ANSWER cancellation
,When would a misrepresentation on the insurance app be considered fraud? -
ANSWER if it is intentional and material
What is true about single dwellings that are insured to at least 80% of the
replacement value - ANSWER they are automatically provided with
replacement cost coverage
If more than one person has an insurable interest in the property covered under a
dwelling policy - ANSWER The insurer will be liable for only the insured's
interest in the damaged property
Johanna purchased a national flood insurance policy 10 days after her community
entered an emergency program. When would her coverage be effective? -
ANSWER 1201 am the day after the application and premium payment are
mailed
a commercial property special form covers property in transit up to -
ANSWER 5k
When a regular bill of lading is issued, who will be responsible for the invoice
cost of any damaged property - ANSWER The carrier
A person who is not named as an insured on the dec page of a policy but is
protected by the policy is known as the - ANSWER additional insured
The policy conditions define - ANSWER how parties to the contract must act
following a loss
, The part of the insurance contract that describes the covered perils and the nature
of the coverage of the contractual agreement between the insurer and the insured is
called the - ANSWER insuring agreement
What is the insuring agreement - ANSWER is the part of the policy structure
that describes the insured perils and the method of indemnification
Before an insurer will pay any loss under a policy, what is usually required from
the insured? - ANSWER proof of loss
All of the following are conditions commonly found in the insurance policy
EXCEPT - ANSWER insuring agreement
3- Tab Composition Shingle - ANSWER Range from 200lb to 240lb
Packaged 3 bundles per square
*Can be 4 bundles per square
Referred to as light to medium-weight shingles
Laminated Composition Shingle - ANSWER AKA Architectural Shingles
Most common
Give the "layered" look of a wood roof
Range from 240lb to 500lb
"Come in 3 or 4 or more bundles per square."
Rated medium to heavy weight
, How are shingles rated? - ANSWER By weight per square (100SF)
Purchased in Bundles
If a property is covered by Comp A for 20k and Comp B covers the same property
for 40k, how much will Comp A pay on a 24k loss? - ANSWER 8000
Pro rata liability applies
Each policy pays a percentage of the loss based on the percentage of coverage that
policy provides.
comp a carries 1/3 of the total coverage (20k + 40k = 60k)
Therefore 1/3 of the 24k loss is 8,000
In the event of a loss covered by the policy, if the insurer requests a signed sworn
proof of loss, the named insured is required to submit it within - ANSWER a
specified time
Wood Shake - ANSWER Wood
Thick
Handmade
Not flat
*4 bundles per square
COMPREHENSIVE QUESTIONS &
ANSWERS | COMPLETE STUDY GUIDE
2026/2027 | VERIFIED ANSWERS | 100%
CORRECT | GRADED A+ | PASS
GUARANTEED | LATEST UPDATE
What are considered parts of the policy structure - ANSWER conditions,
exclusions, insuring clause
A homeowner sells his house to a friend. The friend wants to keep the
homeowner's current policy in effect. Under the assignment provision, which of the
following is most likely? - ANSWER The homeowner will need to get written
consent from the insurer before the policy can be reassigned
What is consideration? - ANSWER something of value that is transferred
between the two parties to form a legal contract
What are endorsements - ANSWER change the policy's original terms,
conditions, or coverages. Endorsements can add or delete coverage or merely
correct items such as the insured's name and address, etc
Termination of an in-force insurance policy prior to the expiration date shown in
the policy is known as - ANSWER cancellation
,When would a misrepresentation on the insurance app be considered fraud? -
ANSWER if it is intentional and material
What is true about single dwellings that are insured to at least 80% of the
replacement value - ANSWER they are automatically provided with
replacement cost coverage
If more than one person has an insurable interest in the property covered under a
dwelling policy - ANSWER The insurer will be liable for only the insured's
interest in the damaged property
Johanna purchased a national flood insurance policy 10 days after her community
entered an emergency program. When would her coverage be effective? -
ANSWER 1201 am the day after the application and premium payment are
mailed
a commercial property special form covers property in transit up to -
ANSWER 5k
When a regular bill of lading is issued, who will be responsible for the invoice
cost of any damaged property - ANSWER The carrier
A person who is not named as an insured on the dec page of a policy but is
protected by the policy is known as the - ANSWER additional insured
The policy conditions define - ANSWER how parties to the contract must act
following a loss
, The part of the insurance contract that describes the covered perils and the nature
of the coverage of the contractual agreement between the insurer and the insured is
called the - ANSWER insuring agreement
What is the insuring agreement - ANSWER is the part of the policy structure
that describes the insured perils and the method of indemnification
Before an insurer will pay any loss under a policy, what is usually required from
the insured? - ANSWER proof of loss
All of the following are conditions commonly found in the insurance policy
EXCEPT - ANSWER insuring agreement
3- Tab Composition Shingle - ANSWER Range from 200lb to 240lb
Packaged 3 bundles per square
*Can be 4 bundles per square
Referred to as light to medium-weight shingles
Laminated Composition Shingle - ANSWER AKA Architectural Shingles
Most common
Give the "layered" look of a wood roof
Range from 240lb to 500lb
"Come in 3 or 4 or more bundles per square."
Rated medium to heavy weight
, How are shingles rated? - ANSWER By weight per square (100SF)
Purchased in Bundles
If a property is covered by Comp A for 20k and Comp B covers the same property
for 40k, how much will Comp A pay on a 24k loss? - ANSWER 8000
Pro rata liability applies
Each policy pays a percentage of the loss based on the percentage of coverage that
policy provides.
comp a carries 1/3 of the total coverage (20k + 40k = 60k)
Therefore 1/3 of the 24k loss is 8,000
In the event of a loss covered by the policy, if the insurer requests a signed sworn
proof of loss, the named insured is required to submit it within - ANSWER a
specified time
Wood Shake - ANSWER Wood
Thick
Handmade
Not flat
*4 bundles per square
