State Farm Property Policy Pretest
State Farm
– Practice
PropertyExam
Policy&Pretest
State
StudyFarm
Guide
– Practice
Property
(Property
Exam
Policy
Insurance
&Pretest
StudyPrep).pdf
Guide
– Practice
(Property
Exam
Insurance
& StudyPrep).pdf
Guide (Property Insurance Prep).pdf
State Farm
Property Policy
Pretest – Practice
Exam & Study
Guide (Property
Insurance Prep)
State Farm Property Policy Pretest
State Farm
– Practice
PropertyExam
Policy&Pretest
State
StudyFarm
Guide
– Practice
Property
(Property
Exam
Policy
Insurance
&Pretest
StudyPrep).pdf
Guide
– Practice
(Property
Exam
Insurance
& StudyPrep).pdf
Guide (Property Insurance Prep).pdf
,State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Terms in this set (50)
A commemorative plate located on top of the upper (C) Neither is covered under the Falling Object Peril
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
Mr. Holder's roof has sustained damaged by birds and (A)The ceiling
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
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
,State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Our Insured has Option ID for $20,000.00, which is False
applicable for repairs to dwelling extensions, other
structures?
Due to a general power outage in the area, the food in Mr. False
Holder's freezer spoiled and the resulting smell ruined the
freezer. We can pay to replace both the food and the
freezer?
Option ID applies to the dwelling and other structures. False
The beach house furnishings have been replaced and you (C)$10,000.00
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
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
, State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Mrs. P Holder's Policy Limits for Coverage B is $90,000. (D)Silverware is not considered Jewelry in the Policy
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 Jewelry,
silverware and Furs listed in the declarations
(B)The limit for all jewelry and furs for the peril of Theft is
$2500.00
(C)No coverage for Jewelry and Furs unless Option JF is
shown in the declarations.
(D)Silverware is not considered Jewelry in the Policy
When property is damaged we owe actual cash value False
(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.
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
State Farm
– Practice
PropertyExam
Policy&Pretest
State
StudyFarm
Guide
– Practice
Property
(Property
Exam
Policy
Insurance
&Pretest
StudyPrep).pdf
Guide
– Practice
(Property
Exam
Insurance
& StudyPrep).pdf
Guide (Property Insurance Prep).pdf
State Farm
Property Policy
Pretest – Practice
Exam & Study
Guide (Property
Insurance Prep)
State Farm Property Policy Pretest
State Farm
– Practice
PropertyExam
Policy&Pretest
State
StudyFarm
Guide
– Practice
Property
(Property
Exam
Policy
Insurance
&Pretest
StudyPrep).pdf
Guide
– Practice
(Property
Exam
Insurance
& StudyPrep).pdf
Guide (Property Insurance Prep).pdf
,State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Terms in this set (50)
A commemorative plate located on top of the upper (C) Neither is covered under the Falling Object Peril
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
Mr. Holder's roof has sustained damaged by birds and (A)The ceiling
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
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
,State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Our Insured has Option ID for $20,000.00, which is False
applicable for repairs to dwelling extensions, other
structures?
Due to a general power outage in the area, the food in Mr. False
Holder's freezer spoiled and the resulting smell ruined the
freezer. We can pay to replace both the food and the
freezer?
Option ID applies to the dwelling and other structures. False
The beach house furnishings have been replaced and you (C)$10,000.00
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
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
, State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
Mrs. P Holder's Policy Limits for Coverage B is $90,000. (D)Silverware is not considered Jewelry in the Policy
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 Jewelry,
silverware and Furs listed in the declarations
(B)The limit for all jewelry and furs for the peril of Theft is
$2500.00
(C)No coverage for Jewelry and Furs unless Option JF is
shown in the declarations.
(D)Silverware is not considered Jewelry in the Policy
When property is damaged we owe actual cash value False
(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.
State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf State Farm Property_ Policy Pretest.pdf
