Questions And Answers Verified 100%
Correct
How much would you pay for the hunting rifles and shotguns
listed in the loss? Do not consider the deductible in calculating
this answer.
$2,690
Refer to the exhibit above, identify the cellulose A
Mike and Jennifer Reed have an FP-7955 policy in force with a
$250 deductible. Lighting struck the insured's house, damaging
the house and contents. Mike is a policeman and operates a
small engine repair shop in a shed on the insured premises.
Jennifer is a sales representative and often has samples and
merchandise at the house. The following items were listed on
the personal property inventory forms submitted after the loss.
Cash in Mike's billfold-$35
Cash in Jennifer's purse- $160
Change in piggy bank- $25
Hand tools used in Mike's business- $780
Jennifer sales samples- $320
Mike's Police uniform- $375
4 hunting rifles- $1820
3 Shotguns- $870
,How much of the deductible, if any, would be absorbed in the
lose?
$250
Refer to the house exhibit above, identify the ridge.
C. 2K
Lighting hits a power transformer two streets away from the
risk and knocks out the power to the entire area. The
temperature is in the 20's and our insured's home is heated by
an electric furnace. The insured has a FP-7955 policy in force
ALE will be payable on this loss. True or False?
False
Refer to the house exhibit above, identify the eave.
A. 2I
Select the false statement listed below: In the FP-7955 policy,
the ALE payments will be made only for:
c. ALE payments will not exceed 20% of Coverage A limits Refer
to the house exhibit above, identify the valley.
D. 2L
, In the FP-7955 policy is in force with Coverage A limits of
$75,000. The policy has a $1,000 deductible. The house is
totally destroyed by a tornado and the cost to replace the
house is $75,550 plus debris removal of $4,225 for a total claim
of $79,775. All repairs have been completed. What is the
amount of your final settlement? Consider the deductible in
your calculations.
$78,750
Refer to the house exhibit above, identify the flashing.
E. 2M
Gulf Coast. The National Bureau issued a hurricane warning
affecting the insured premises on July 18th. The insured
removed antique furniture and stored it in a warehouse 50
miles inland. The furniture was damaged by flood waters
August 22nd. We will pay for for the damage to the furniture.
True or False?
False
Refer to the exhibit above, identify the fascia.
C