State Farm property exam (Mamas Test)| Answered 100% Correctly| Updated

State Farm property exam (Mamas Test)| Answered 100% Correctly| Updated Under an FP-7955 policy, deductibles apply to which of the following types of losses. B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? B. False More Jennifer Marco has a FP-7955 policy with 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. D. Coverage for personal property applies for perils listed under Section I - Losses Insured, Coverage B - Personal Property and Section I - Additional Coverages. The steps in applying the deductible on a FP-7955 homeowners policy are: 1. The deductible is first applied to the covered loss. 2. Any coverage or special limits are the 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?