STATE FARM PROPERTY: POLICY PRETEST EXAM
STATE FARM PROPERTY: POLICY PRETEST EXAM QUESTIONS
AND ANSWERS GRADED A+ 100% VERIFIED.
A commemorative plate located on top of the upper cabinets in the kitchen falls and lands on an
heirloom soup terrine breaking both. Which statement is true?
(A) Both pieces are covered under the Falling Object Peril
(B) Only the soup terrine is covered from damage resulting from the Falling Object
(C) Neither is covered under the Falling Object Peril ANS >> (C) Neither is covered under the Falling
Object Peril
Mr. Holder's roof has sustained damaged by birds and rodents. During a rain storm, water entered the
home through this roof damage causing damage to the ceiling and a throw rug. What can you pay for on
this loss?
(A)The ceiling
(B)The throw rug
(C)The roof, ceiling, and throw rug
(D)All of the above
(E)None of the above ANS >> (A)The ceiling
,STATE FARM PROPERTY: POLICY PRETEST EXAM
Our Insured has Option ID for $20,000.00, which is applicable for repairs to dwelling extensions, other
structures? ANS >> False
Due to a general power outage in the area, the food in Mr. Holder's freezer spoiled and the resulting
smell ruined the freezer. We can pay to replace both the food and the freezer? ANS >> False
Option ID applies to the dwelling and other structures. ANS >> False
The beach house furnishings have been replaced and you have verified the replacement cost at
$25,459.99. The coverage B limits are $100,000.00. Consider the $250.00 deductible in your calculations.
How much would you pay on this loss?
(A)$25,209.99
(B)$9,750
(C)$10,000.00
(D)None of the above ANS >> (C)$10,000.00
Mrs. P Holder's Policy Limits for Coverage B is $90,000. While she is away, her home is broken in to and
her Mink Coat and silverware is stolen. Which of the following statements are true:
(A)Coverage would only be extended to Jewellery, silverware and Furs listed in the declarations
(B)The limit for all jewellery and furs for the peril of Theft is $2500.00
(C)No coverage for Jewellery and Furs unless Option JF is shown in the declarations.
(D)Silverware is not considered Jewellery in the Policy ANS >> (D)Silverware is not considered Jewellery
in the Policy
When property is damaged, we owe actual cash value (ACV) at the time of the loss. After the repairs are
made we would owe replacement cost (RCV) up to the limit of the market value. ANS >> False
Which of the following is true about Jewellery and Fur coverage under Option JF?
, STATE FARM PROPERTY: POLICY PRETEST EXAM
(A)Coverage is only available for Jewellery and Furs when Option JF has been purchased
(B)The limit for jewellery and furs for all perils is $2500
(C)Coverage is limited to the 16 Named Perils
(D)Insects, vermin and inherent vice damage is covered under this Option
(E)The limits for loss by Theft is shown in the Declarations for Coverage B, plus the aggregate limit
(F)None of the above ANS >> (F)None of the above
The furnishings are covered up to the Coverage B limits ANS >> False
Mr. Holder grows exotic plants, as a hobby, which he discovered on a tropical island. During a severe
thunderstorm, strong winds blew down a tree onto the electric mast located on the roof of his house
causing the electricity to go out. Mr. Holder was away for a week during this time and all of the plants
died due to the change in temperature inside the home. In order to pay the claim, you must verify?
(A)The Power interruption was caused by a loss insured.
(B)The power interruption took place on the residence premises.
(C)Power lines off the residence premises remained energized
(D)All of the above
(E)None of the above ANS >> (D)All of the above
During an approaching hurricane the local authorities ordered an evacuation which lasted three weeks.
Mr. Holder hired some helpers to load his personal property on to a rental truck and he moved the items
to a safe location. After the all-clear signal was given and our Insured moved his contents back home, he
submitted the following bills. What items, if any, are not covered?
(A)
Rental truck to move contents to and from safe storage.
(B)
Gas for the rental truck to and from the safe storage.
(C)
STATE FARM PROPERTY: POLICY PRETEST EXAM QUESTIONS
AND ANSWERS GRADED A+ 100% VERIFIED.
A commemorative plate located on top of the upper cabinets in the kitchen falls and lands on an
heirloom soup terrine breaking both. Which statement is true?
(A) Both pieces are covered under the Falling Object Peril
(B) Only the soup terrine is covered from damage resulting from the Falling Object
(C) Neither is covered under the Falling Object Peril ANS >> (C) Neither is covered under the Falling
Object Peril
Mr. Holder's roof has sustained damaged by birds and rodents. During a rain storm, water entered the
home through this roof damage causing damage to the ceiling and a throw rug. What can you pay for on
this loss?
(A)The ceiling
(B)The throw rug
(C)The roof, ceiling, and throw rug
(D)All of the above
(E)None of the above ANS >> (A)The ceiling
,STATE FARM PROPERTY: POLICY PRETEST EXAM
Our Insured has Option ID for $20,000.00, which is applicable for repairs to dwelling extensions, other
structures? ANS >> False
Due to a general power outage in the area, the food in Mr. Holder's freezer spoiled and the resulting
smell ruined the freezer. We can pay to replace both the food and the freezer? ANS >> False
Option ID applies to the dwelling and other structures. ANS >> False
The beach house furnishings have been replaced and you have verified the replacement cost at
$25,459.99. The coverage B limits are $100,000.00. Consider the $250.00 deductible in your calculations.
How much would you pay on this loss?
(A)$25,209.99
(B)$9,750
(C)$10,000.00
(D)None of the above ANS >> (C)$10,000.00
Mrs. P Holder's Policy Limits for Coverage B is $90,000. While she is away, her home is broken in to and
her Mink Coat and silverware is stolen. Which of the following statements are true:
(A)Coverage would only be extended to Jewellery, silverware and Furs listed in the declarations
(B)The limit for all jewellery and furs for the peril of Theft is $2500.00
(C)No coverage for Jewellery and Furs unless Option JF is shown in the declarations.
(D)Silverware is not considered Jewellery in the Policy ANS >> (D)Silverware is not considered Jewellery
in the Policy
When property is damaged, we owe actual cash value (ACV) at the time of the loss. After the repairs are
made we would owe replacement cost (RCV) up to the limit of the market value. ANS >> False
Which of the following is true about Jewellery and Fur coverage under Option JF?
, STATE FARM PROPERTY: POLICY PRETEST EXAM
(A)Coverage is only available for Jewellery and Furs when Option JF has been purchased
(B)The limit for jewellery and furs for all perils is $2500
(C)Coverage is limited to the 16 Named Perils
(D)Insects, vermin and inherent vice damage is covered under this Option
(E)The limits for loss by Theft is shown in the Declarations for Coverage B, plus the aggregate limit
(F)None of the above ANS >> (F)None of the above
The furnishings are covered up to the Coverage B limits ANS >> False
Mr. Holder grows exotic plants, as a hobby, which he discovered on a tropical island. During a severe
thunderstorm, strong winds blew down a tree onto the electric mast located on the roof of his house
causing the electricity to go out. Mr. Holder was away for a week during this time and all of the plants
died due to the change in temperature inside the home. In order to pay the claim, you must verify?
(A)The Power interruption was caused by a loss insured.
(B)The power interruption took place on the residence premises.
(C)Power lines off the residence premises remained energized
(D)All of the above
(E)None of the above ANS >> (D)All of the above
During an approaching hurricane the local authorities ordered an evacuation which lasted three weeks.
Mr. Holder hired some helpers to load his personal property on to a rental truck and he moved the items
to a safe location. After the all-clear signal was given and our Insured moved his contents back home, he
submitted the following bills. What items, if any, are not covered?
(A)
Rental truck to move contents to and from safe storage.
(B)
Gas for the rental truck to and from the safe storage.
(C)
