State Farm Policy Exam Questions With
Complete Solutions
What are Special Limits of Liability? - Answer-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; - Answer-$200
/.property used or intended for use in a business, including merchandise held as
samples or for sale or for delivery after sale - Answer-$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 - Answer-$1,000
/.watercraft of all types and outboard motors,
including their trailers, - Answer-$1,000
/.trailers not used with watercraft; - Answer-$1,000
/.stamps, trading cards and comic books,
including any of these that are a part of a collection; - Answer-$2500
/.loss by theft of firearms - Answer-$2500
/.Silverware & goldware - Answer-$2500
/.electronic data processing system equipment
and the recording or storage media - Answer-$5000
/.loss by theft of any rug, carpet (except
wall-to-wall carpet), tapestry, wall-hanging or other
similar article. - Answer-$5000 on any one item ; $10,000 in aggregate
/.Credit Card, Bank Fund Transfer Card, Forgery and
Counterfeit Money. - Answer-We will pay up to $1,000 for: the legal obligation of an
insured to pay because of the theft or unauthorized use - loss to an insured caused by
forgery or alteration of any check or negotiable instrument - loss to an insured through
Complete Solutions
What are Special Limits of Liability? - Answer-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; - Answer-$200
/.property used or intended for use in a business, including merchandise held as
samples or for sale or for delivery after sale - Answer-$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 - Answer-$1,000
/.watercraft of all types and outboard motors,
including their trailers, - Answer-$1,000
/.trailers not used with watercraft; - Answer-$1,000
/.stamps, trading cards and comic books,
including any of these that are a part of a collection; - Answer-$2500
/.loss by theft of firearms - Answer-$2500
/.Silverware & goldware - Answer-$2500
/.electronic data processing system equipment
and the recording or storage media - Answer-$5000
/.loss by theft of any rug, carpet (except
wall-to-wall carpet), tapestry, wall-hanging or other
similar article. - Answer-$5000 on any one item ; $10,000 in aggregate
/.Credit Card, Bank Fund Transfer Card, Forgery and
Counterfeit Money. - Answer-We will pay up to $1,000 for: the legal obligation of an
insured to pay because of the theft or unauthorized use - loss to an insured caused by
forgery or alteration of any check or negotiable instrument - loss to an insured through
