STATE FARM AUTO POLICIES EXAM
QUESTIONS & VERIFIED CORRECT
ANSWERS
A: Liability - correct answer ✔✔Protection against lawsuits if I am at fault in an auto accident
Liability 100/300. (100?) - correct answer ✔✔$100,000 of lawsuit protection in at fault accident
if ONE claimant is suing
Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000,
still have to pay $20,00 out of pocket.
Liability 100/300. (300?) - correct answer ✔✔$300,000 of lawsuit protection per accident if
MORE THAN ONE claimant is suing.
Ex.) I hit Mikey with Desiree and Ann and they are all suing me for $100,000 each. My policy will
cover me for the full $300,000.
P: Personal Protection Injury (PIP) - correct answer ✔✔Pays medical benefits to myself and my
household family members for injuries caused by automobiles (drivers, passengers, pedestrians)
PIP: P - correct answer ✔✔State Farm is primary and will pay ALL medical and wage loss w/o
deductible
PIP: P300 - correct answer ✔✔State Farm is primary and will pay ALL medical and wage loss
with $300 deductible
QUESTIONS & VERIFIED CORRECT
ANSWERS
A: Liability - correct answer ✔✔Protection against lawsuits if I am at fault in an auto accident
Liability 100/300. (100?) - correct answer ✔✔$100,000 of lawsuit protection in at fault accident
if ONE claimant is suing
Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000,
still have to pay $20,00 out of pocket.
Liability 100/300. (300?) - correct answer ✔✔$300,000 of lawsuit protection per accident if
MORE THAN ONE claimant is suing.
Ex.) I hit Mikey with Desiree and Ann and they are all suing me for $100,000 each. My policy will
cover me for the full $300,000.
P: Personal Protection Injury (PIP) - correct answer ✔✔Pays medical benefits to myself and my
household family members for injuries caused by automobiles (drivers, passengers, pedestrians)
PIP: P - correct answer ✔✔State Farm is primary and will pay ALL medical and wage loss w/o
deductible
PIP: P300 - correct answer ✔✔State Farm is primary and will pay ALL medical and wage loss
with $300 deductible
