STATE FARM FIRE INDEPENDENT POLICY EXAM
2026 COMPREHENSIVE EXAM SCRIPT FULL
QUESTIONS AND CORRECT ANSWERS
◉ Jennifer Marco has a HO-3 policy, with a Coverage B limit of
$75,000, a $500 deductible, and no Option AI, ID, FA or JF. Which of
the following statements is true concerning her personal property?
Select the single best answer:
A. Coverage for personal property applies for perils listed under
Section I - Losses Insured, Coverage B - Personal Property and
Section I - Additional Coverages.
B. Coverage B applies only for items Jennifer owns, while anywhere
in the world.
C. The limit of liability for theft loss to jewelry and furs is $1000 or
10% of the Coverage B limit, whichever is greater.
D. The limit of liability for tornado losses to firearms is $2,500..
Answer: A. Coverage for personal property applies for perils listed
under Section I - Losses Insured, Coverage B - Personal Property and
Section I - Additional Coverages.
◉ Under an HO-3 policy, deductibles apply to which of the following
type(s) of losses.
,Select the single best answer:
A. Credit Card, Bank Fund Transfer Card, Forgery and Counterfeit
Money
B. Fire Department Service Charges
C. Rekey locks after keys are stolen
D. Debris Removal Charges. Answer: B. Fire Department Service
Charges
◉ In the HO-3 policy, Coverage C consists of three coverages:
Additional Living Expense
Fair Rental Value
Property Removed
True or False. Answer: False its Additional Living expense, Fair
rental value and prohibited use
◉ The steps in applying the deductible on a HO-3 homeowners
policy are:
1.)The deductible is first applied to the covered loss.
,2.)Any coverage or special limits are then applied to the covered
loss.
3.)The amount payable to the insured will be the greater of the
amounts arrived at in steps 1 and 2.
True or False. Answer: True
◉ The definition of an insured includes all of the following except:
Select the single best answer:
A. Person(s) listed on the Declaration Page
B. Spouse, if a resident of the household
C. Relatives, if residents of the household
D. Any person under the age of 21 in the care of the named insured,
resident spouse, or a resident relative
E. Spouse. Answer: Spouse
◉ Joe Smith has a HO-3 policy. He is a carpenter and has collected
100 2"X4" studs and 30 2"X6" rafters from various job sites. Joe has
no specific plans to use the lumber. The lumber is covered under
Coverage A.
True or False. Answer: False
, ◉ Under an HO-3 policy, which of the following would be a Coverage
B item?
Select the single best answer:
A. Satellite dish bolted to the eave of the house
B. Free standing gas range
C. Built-in microwave oven
D. Automatic garage door opener
E. Water softener system. Answer: Free Standing gas range
◉ Under an HO-3 policy, which of the following would not be a
Coverage A item?
Select the single best answer:
A. Automatic lawn sprinkler system
B. Wall to wall carpet attached to the dwelling
C. A new (in the box), built-in microwave oven the insured intends to
install in his fishing cabin.
D. A shed, on a foundation, rented to a neighbor to store the
neighbor's boat
2026 COMPREHENSIVE EXAM SCRIPT FULL
QUESTIONS AND CORRECT ANSWERS
◉ Jennifer Marco has a HO-3 policy, with a Coverage B limit of
$75,000, a $500 deductible, and no Option AI, ID, FA or JF. Which of
the following statements is true concerning her personal property?
Select the single best answer:
A. Coverage for personal property applies for perils listed under
Section I - Losses Insured, Coverage B - Personal Property and
Section I - Additional Coverages.
B. Coverage B applies only for items Jennifer owns, while anywhere
in the world.
C. The limit of liability for theft loss to jewelry and furs is $1000 or
10% of the Coverage B limit, whichever is greater.
D. The limit of liability for tornado losses to firearms is $2,500..
Answer: A. Coverage for personal property applies for perils listed
under Section I - Losses Insured, Coverage B - Personal Property and
Section I - Additional Coverages.
◉ Under an HO-3 policy, deductibles apply to which of the following
type(s) of losses.
,Select the single best answer:
A. Credit Card, Bank Fund Transfer Card, Forgery and Counterfeit
Money
B. Fire Department Service Charges
C. Rekey locks after keys are stolen
D. Debris Removal Charges. Answer: B. Fire Department Service
Charges
◉ In the HO-3 policy, Coverage C consists of three coverages:
Additional Living Expense
Fair Rental Value
Property Removed
True or False. Answer: False its Additional Living expense, Fair
rental value and prohibited use
◉ The steps in applying the deductible on a HO-3 homeowners
policy are:
1.)The deductible is first applied to the covered loss.
,2.)Any coverage or special limits are then applied to the covered
loss.
3.)The amount payable to the insured will be the greater of the
amounts arrived at in steps 1 and 2.
True or False. Answer: True
◉ The definition of an insured includes all of the following except:
Select the single best answer:
A. Person(s) listed on the Declaration Page
B. Spouse, if a resident of the household
C. Relatives, if residents of the household
D. Any person under the age of 21 in the care of the named insured,
resident spouse, or a resident relative
E. Spouse. Answer: Spouse
◉ Joe Smith has a HO-3 policy. He is a carpenter and has collected
100 2"X4" studs and 30 2"X6" rafters from various job sites. Joe has
no specific plans to use the lumber. The lumber is covered under
Coverage A.
True or False. Answer: False
, ◉ Under an HO-3 policy, which of the following would be a Coverage
B item?
Select the single best answer:
A. Satellite dish bolted to the eave of the house
B. Free standing gas range
C. Built-in microwave oven
D. Automatic garage door opener
E. Water softener system. Answer: Free Standing gas range
◉ Under an HO-3 policy, which of the following would not be a
Coverage A item?
Select the single best answer:
A. Automatic lawn sprinkler system
B. Wall to wall carpet attached to the dwelling
C. A new (in the box), built-in microwave oven the insured intends to
install in his fishing cabin.
D. A shed, on a foundation, rented to a neighbor to store the
neighbor's boat
