State Farm License Exam Questions with Correct Answers

State Farm License Exam Questions with Correct Answers Underinsured motorist coverage - Answer-Pays damages when a covered person is injured in a car accident caused by a driver who is insured but doesn't have liability insurance to cover the damages Uninsured Motorist Coverage - Answer-Pays damages for injury to an insured when the insured is in a car accident caused by someone who does not have liability coverage Coverage A - Dwelling Coverage - Answer-Insured the Home, structures attached to it (porch or garage), and unattached structures on the property not used for business or rented to others (unless used exclusively as a private garage) Coverage B - Personal Property - Answer-Protects the customer's personal property (e.g. clothing, furniture, etc.). It also provides protection for the customer's personal property that is with them while away from home in many places throughout the world Coverage C - Loss of Use - Answer-Includes additional living expense and fair rental value. Additional living expense provides payment for the necessary increase in cost to maintain the customer's standard of living when damage renders their home uninhabitable due to a covered loss. The amount of coverage is either a dollar value or may be limited to actual costs for up to 24 months Coverage L - Personal liability - Answer-Provides protection for the customer if somebody makes a claim or brings suit against them for bodily injury or property damage for which the customer(s) is found responsible Coverage M - Medical Payments to Others - Answer-Provides payment for medical expenses up to the policy limits for people who are on the customer's premises with their permission and accidentally injured Eligibility Proof - Answer-Letter of Experience, cancellation letter, renewal offer No fault form - Answer-Explains what type of collision coverage the insured has Recurring monthly form - Answer-Verified the account holders account information and authorizes State Farm to take monthly payments out of their account Report Card/Referral Sheet - Answer-Grades your service and gathers referrals of friends and family