State Farm Policy PRACTISE WITH
CORRRECT QUESTIONS AND AANSWERS.
,Coverage B limits are typically 75% of Coverage A - Dwelling Limits.
- correct ans:True-Comments: Coverage B limits are typically 75% of
Coverage A - Dwelling limits but more can be purchased.
Under which of the following coverages does the deductible not apply? -
correct ans:There are three coverages in which the deductible does not
apply: Fire Department Service Charge Credit Card, Bank Fund Transfer Card,
Forgery and Counterfeit Money Locks These coverages are found on pages 5
& 7 of the FP-7955 policy.
Select the three coverages provided under Coverage C - Loss of Use? -
correct ans:1-Additonal living expense
2-Fair rental value
3-Prohibited use
Which statement is not true regarding Coverage B - Personal Property? -
correct ans:The limit of liability for damage to firearms caused by any of the
16 named perils is limited to $2500 in the aggregate
Comments: That's right! The $2500 special limit for fire arms only applies to
the peril of theft.
Coverage A - Dwelling Extension limits are typically 10% of Coverage A -
Dwelling limits. - correct ans:True-
Comments: Coverage A - Dwelling Extension limits are typically 10% of
Coverage A - Dwelling limits but more can be purchased.
The third step in applying the deductible is to pay the greater of the two
amounts arrived at in step one and step two. - correct ans:False-
Comments: The third step in applying the deductible is to pay the lesser of
the two amounts arrived at in step one and step two.
, The definition of an insured includes all of the following except: - correct
ans:A spouse not named in the policy and not living in the household
Comments: All of these individuals meet the definition of an insured except a
spouse not named in the policy and not living in the household. A spouse
does not have to be named in the policy to be considered an insured but
they must live in the household. Refer to Definitions on page 1 of the FP-
7955 policy.
The named insured is a finish carpenter and keeps leftover trim boards from
job sites in a detached garage on the residence premises. The insured has no
plans to use the trim boards. The trim boards are covered under Coverage A.
- correct ans:False-
Comments: Since the insured has no plans to use the trim boards for the
construction, alteration or repair of the dwelling or other structures on the
residence premises, the trim boards would not be covered under Coverage A
- Dwelling. Refer to Sect. I Coverages, Coverage A - Dwelling, paragraph 1.b.
Which of the following is not considered Coverage A? - correct ans:Free-
standing range
Comments: All of the items listed are considered Coverage A except the free-
standing range. A free-standing range is not permanently attached to
Coverage A property and removing the free-standing range would not deface
the property.
Rain blows through a window that was accidentally left open and damages a
throw rug. The damage to the rug is covered under Coverage B - Personal
Property. - correct ans:False-
Comments: In order for coverage to apply to Coverage B property inside a
building there must first be an opening created in the roof or wall of the
building caused by wind or hail allowing rain, snow, sleet, sand or dust to
enter. Since the window was left open, the water damaged rug is not
covered. Refer to Sect. I - Losses Insured, Coverage B - Personal Property,
paragraph 2.
CORRRECT QUESTIONS AND AANSWERS.
,Coverage B limits are typically 75% of Coverage A - Dwelling Limits.
- correct ans:True-Comments: Coverage B limits are typically 75% of
Coverage A - Dwelling limits but more can be purchased.
Under which of the following coverages does the deductible not apply? -
correct ans:There are three coverages in which the deductible does not
apply: Fire Department Service Charge Credit Card, Bank Fund Transfer Card,
Forgery and Counterfeit Money Locks These coverages are found on pages 5
& 7 of the FP-7955 policy.
Select the three coverages provided under Coverage C - Loss of Use? -
correct ans:1-Additonal living expense
2-Fair rental value
3-Prohibited use
Which statement is not true regarding Coverage B - Personal Property? -
correct ans:The limit of liability for damage to firearms caused by any of the
16 named perils is limited to $2500 in the aggregate
Comments: That's right! The $2500 special limit for fire arms only applies to
the peril of theft.
Coverage A - Dwelling Extension limits are typically 10% of Coverage A -
Dwelling limits. - correct ans:True-
Comments: Coverage A - Dwelling Extension limits are typically 10% of
Coverage A - Dwelling limits but more can be purchased.
The third step in applying the deductible is to pay the greater of the two
amounts arrived at in step one and step two. - correct ans:False-
Comments: The third step in applying the deductible is to pay the lesser of
the two amounts arrived at in step one and step two.
, The definition of an insured includes all of the following except: - correct
ans:A spouse not named in the policy and not living in the household
Comments: All of these individuals meet the definition of an insured except a
spouse not named in the policy and not living in the household. A spouse
does not have to be named in the policy to be considered an insured but
they must live in the household. Refer to Definitions on page 1 of the FP-
7955 policy.
The named insured is a finish carpenter and keeps leftover trim boards from
job sites in a detached garage on the residence premises. The insured has no
plans to use the trim boards. The trim boards are covered under Coverage A.
- correct ans:False-
Comments: Since the insured has no plans to use the trim boards for the
construction, alteration or repair of the dwelling or other structures on the
residence premises, the trim boards would not be covered under Coverage A
- Dwelling. Refer to Sect. I Coverages, Coverage A - Dwelling, paragraph 1.b.
Which of the following is not considered Coverage A? - correct ans:Free-
standing range
Comments: All of the items listed are considered Coverage A except the free-
standing range. A free-standing range is not permanently attached to
Coverage A property and removing the free-standing range would not deface
the property.
Rain blows through a window that was accidentally left open and damages a
throw rug. The damage to the rug is covered under Coverage B - Personal
Property. - correct ans:False-
Comments: In order for coverage to apply to Coverage B property inside a
building there must first be an opening created in the roof or wall of the
building caused by wind or hail allowing rain, snow, sleet, sand or dust to
enter. Since the window was left open, the water damaged rug is not
covered. Refer to Sect. I - Losses Insured, Coverage B - Personal Property,
paragraph 2.
