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State Farm Property QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS) $10.49   Add to cart

Exam (elaborations)

State Farm Property QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)

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State Farm Property QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)

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  • October 5, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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State Farm Property


1.collapse: coverage involving a building, or any part of the it suddenly

falling into pieces or entirely falling down


must be directly caused by

- perils described in section 1 losses insures, and coverage b personal

property

- hidden decay

- hidden insect damage

- weight of contents, equipment, animals, or people

- weight of ice, snow, or rain collected on roof

use of defective material or methods in the construction of the building

2.accidental direct physical loss contract: loss caused by perils covered

under the policy language

3.Principle of Indemnity: The insurer agrees to pay no more than the
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, actual amount of the loss

4.Declarations Page: The basic information about a

policy: Who - names of insurer and insured, policy

number

What - description of insured property

Where - address and legal description of insured

property When - effective and expiration dates.

How Much - Dollar amounts of limits of coverage, deductible, premium

5.Named Insured: The individual(s) whose name appears on the policy's

declara- tion.

6.Insured: a person whose interests are protected by an insurance policy


policy holder and anyone living in household

7.Residence Premises: The place where the insured resides as

identified in the policy declarations.

Primary dwelling of policy holder
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