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State Farm Fire Independent Policy Exam Complete
Test,||Verified Exam!!!|| Practice Questions, Verified
Answer Key, and Study Guide for (2026/2027 Edition) ||
Most Recent Exam Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
||Newest Exam!!!
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:
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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
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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
E. Materials and supplies to build bookshelves in the
basement of the residence premises and stored in the
garage - Answer-E. Materials and supplies to build
bookshelves in the basement of the residence premises
and stored in the garage
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The insured has a HO-3 policy in force. All of the losses
are covered except:
Select the single best answer:
A. Shed rented to a tenant, to store furniture
B. Detached garage used to operate a lawnmower repair
shop
C. Garage rented to the neighbor to store an antique
automobile
D. Basement used as an office for insured's bookkeeping
business
E. Garage (attached) rented to tenant to store fishing boat
- Answer-B. Detached garage used to operate a
lawnmower repair shop
Select the false statement listed below: In the HO-3 policy,
the ALE payments will be made only for:
Select the single best answer:
State Farm Fire Independent Policy Exam Complete
Test,||Verified Exam!!!|| Practice Questions, Verified
Answer Key, and Study Guide for (2026/2027 Edition) ||
Most Recent Exam Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
||Newest Exam!!!
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:
,2|Page
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
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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
E. Materials and supplies to build bookshelves in the
basement of the residence premises and stored in the
garage - Answer-E. Materials and supplies to build
bookshelves in the basement of the residence premises
and stored in the garage
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The insured has a HO-3 policy in force. All of the losses
are covered except:
Select the single best answer:
A. Shed rented to a tenant, to store furniture
B. Detached garage used to operate a lawnmower repair
shop
C. Garage rented to the neighbor to store an antique
automobile
D. Basement used as an office for insured's bookkeeping
business
E. Garage (attached) rented to tenant to store fishing boat
- Answer-B. Detached garage used to operate a
lawnmower repair shop
Select the false statement listed below: In the HO-3 policy,
the ALE payments will be made only for:
Select the single best answer:
