x 1x|xPxaxgxex|x©xcopyrightx2024/2025x|xGradexA+
State Farm Fire Independent Policy Exam
x x x x x
x Questions & 100% Correct Answers
x x x x
Selectxthexfalsexstatementxlistedxbelow:xInxthexHO-
3xpolicy,xthexALExpaymentsxwillxbexmadexonlyxfor:
Selectxthexsinglexbestxanswer:
A. Thexshortestxtimexnecessaryxtoxrepairxorxreplacexthexdamagedxproperty,xb
utxnotxtoxexceedx24xmonths.
B. Ifxthexinsuredxdoesxnotxrebuild,xthextimexnecessaryxforxthexinsuredxtoxr
elocatexinxpermanentxlivingxquarters,xbutxnotxtoxexceedx24xmonths.
C. ALExpaymentsxcanxrunxbeyondxthexexpirationxofxthexpolicy.
D. ALExpaymentsxarexlimitedxtoxincurredxcostsxforxthexshortestxofxthreextimexfr
amesxasxdictatedxbyxthexpolicy.
E. ALExpaymentsxwillxnotxexceedx20%xofxCoveragexAxlimits.
~~> E.xALExpaymentsxwillxnotxexceedx20%xofxCoveragexAxlimits.
ThexinsuredxhasxaxHO-3xpolicyxinxforce.xAllxofxthexlossesxarexcoveredxexcept:
Selectxthexsinglexbestxanswer:
Master01 | x x September,x2024/2025 |xLatestxupdate
,x 2x|xPxaxgxex|x©xcopyrightx2024/2025x|xGradexA+
A. Shedxrentedxtoxaxtenant,xtoxstorexfurniture
B. Detachedxgaragexusedxtoxoperatexaxlawnmowerxrepairxshop
C. Garagexrentedxtoxthexneighborxtoxstorexanxantiquexautomobile
D. Basementxusedxasxanxofficexforxinsured'sxbookkeepingxbusiness
E. Garagex(attached)xrentedxtoxtenantxtoxstorexfishingxboat
~~> B.xDetachedxgaragexusedxtoxoperatexaxlawnmowerxrepairxshop
JenniferxMarcoxhasxaxHO-
3xpolicy,xwithxaxCoveragexBxlimitxofx$75,000,xax$500xdeductible,xandxnoxOptionx
AI,xID,xFAxorxJF.xWhichxofxthexfollowingxstatementsxisxtruexconcerningxherxperson
alxproperty?
Selectxthexsinglexbestxanswer:
A. CoveragexforxpersonalxpropertyxappliesxforxperilsxlistedxunderxSectionxIx-
LossesxInsured,xCoveragexBx-xPersonalxPropertyxandxSectionxIx-
x
x AdditionalxCoverages.
B. CoveragexBxappliesxonlyxforxitemsxJenniferxowns,xwhilexanywherexinxthexw
orld.
C. Thexlimitxofxliabilityxforxtheftxlossxtoxjewelryxandxfursxisx$1000xorx10%xofxthexC
overagexBxlimit,xwhicheverxisxgreater.
,Master01 |
x x September,x2024/2025 |xLatestxupdate
, x 3x|xPxaxgxex|x©xcopyrightx2024/2025x|xGradexA+
D. Thexlimitxofxliabilityxforxtornadoxlossesxtoxfirearmsxisx$2,500.
~~>
A.xCoveragexforxpersonalxpropertyxappliesxforxperilsxlistedxunderxSectionxIx-
LossesxInsured,xCoveragexBx-xPersonalxPropertyxandxSectionxIx-
x
AdditionalxCoverages.
x
UnderxanxHO-
3xpolicy,xdeductiblesxapplyxtoxwhichxofxthexfollowingxtype(s)xofxlosses.
Selectxthexsinglexbestxanswer:
A. CreditxCard,xBankxFundxTransferxCard,xForgeryxandxCounterfeitxMoney
B. FirexDepartmentxServicexCharges
C. Rekeyxlocksxafterxkeysxarexstolen
D. DebrisxRemovalxCharges
~~> B.xFirexDepartmentxServicexCharges
InxthexHO-3xpolicy,xCoveragexCxconsistsxofxthreexcoverages:
AdditionalxLivingxExpensex
FairxRentalx ValuexPropert
yxRemoved
State Farm Fire Independent Policy Exam
x x x x x
x Questions & 100% Correct Answers
x x x x
Selectxthexfalsexstatementxlistedxbelow:xInxthexHO-
3xpolicy,xthexALExpaymentsxwillxbexmadexonlyxfor:
Selectxthexsinglexbestxanswer:
A. Thexshortestxtimexnecessaryxtoxrepairxorxreplacexthexdamagedxproperty,xb
utxnotxtoxexceedx24xmonths.
B. Ifxthexinsuredxdoesxnotxrebuild,xthextimexnecessaryxforxthexinsuredxtoxr
elocatexinxpermanentxlivingxquarters,xbutxnotxtoxexceedx24xmonths.
C. ALExpaymentsxcanxrunxbeyondxthexexpirationxofxthexpolicy.
D. ALExpaymentsxarexlimitedxtoxincurredxcostsxforxthexshortestxofxthreextimexfr
amesxasxdictatedxbyxthexpolicy.
E. ALExpaymentsxwillxnotxexceedx20%xofxCoveragexAxlimits.
~~> E.xALExpaymentsxwillxnotxexceedx20%xofxCoveragexAxlimits.
ThexinsuredxhasxaxHO-3xpolicyxinxforce.xAllxofxthexlossesxarexcoveredxexcept:
Selectxthexsinglexbestxanswer:
Master01 | x x September,x2024/2025 |xLatestxupdate
,x 2x|xPxaxgxex|x©xcopyrightx2024/2025x|xGradexA+
A. Shedxrentedxtoxaxtenant,xtoxstorexfurniture
B. Detachedxgaragexusedxtoxoperatexaxlawnmowerxrepairxshop
C. Garagexrentedxtoxthexneighborxtoxstorexanxantiquexautomobile
D. Basementxusedxasxanxofficexforxinsured'sxbookkeepingxbusiness
E. Garagex(attached)xrentedxtoxtenantxtoxstorexfishingxboat
~~> B.xDetachedxgaragexusedxtoxoperatexaxlawnmowerxrepairxshop
JenniferxMarcoxhasxaxHO-
3xpolicy,xwithxaxCoveragexBxlimitxofx$75,000,xax$500xdeductible,xandxnoxOptionx
AI,xID,xFAxorxJF.xWhichxofxthexfollowingxstatementsxisxtruexconcerningxherxperson
alxproperty?
Selectxthexsinglexbestxanswer:
A. CoveragexforxpersonalxpropertyxappliesxforxperilsxlistedxunderxSectionxIx-
LossesxInsured,xCoveragexBx-xPersonalxPropertyxandxSectionxIx-
x
x AdditionalxCoverages.
B. CoveragexBxappliesxonlyxforxitemsxJenniferxowns,xwhilexanywherexinxthexw
orld.
C. Thexlimitxofxliabilityxforxtheftxlossxtoxjewelryxandxfursxisx$1000xorx10%xofxthexC
overagexBxlimit,xwhicheverxisxgreater.
,Master01 |
x x September,x2024/2025 |xLatestxupdate
, x 3x|xPxaxgxex|x©xcopyrightx2024/2025x|xGradexA+
D. Thexlimitxofxliabilityxforxtornadoxlossesxtoxfirearmsxisx$2,500.
~~>
A.xCoveragexforxpersonalxpropertyxappliesxforxperilsxlistedxunderxSectionxIx-
LossesxInsured,xCoveragexBx-xPersonalxPropertyxandxSectionxIx-
x
AdditionalxCoverages.
x
UnderxanxHO-
3xpolicy,xdeductiblesxapplyxtoxwhichxofxthexfollowingxtype(s)xofxlosses.
Selectxthexsinglexbestxanswer:
A. CreditxCard,xBankxFundxTransferxCard,xForgeryxandxCounterfeitxMoney
B. FirexDepartmentxServicexCharges
C. Rekeyxlocksxafterxkeysxarexstolen
D. DebrisxRemovalxCharges
~~> B.xFirexDepartmentxServicexCharges
InxthexHO-3xpolicy,xCoveragexCxconsistsxofxthreexcoverages:
AdditionalxLivingxExpensex
FairxRentalx ValuexPropert
yxRemoved
