STATE FARM FIRE INDEPENDENT POLICY LATEST
EXAM 2024-2025 REAL EXAM 100 QUESTIONS
AND CORRECT ANSWERS |AGRADE
Terms in this set (50)
,Assume an HO-3 is in 1248
force. The insured's home
is damaged by a severe
windstorm and the family
is forced to move into a
motel for 2 weeks. The
insured provided the
following receipts. The
water, electricity and
telephone remained in
service following the loss.
Amount Paid Amount
Normally Spent
Mortgage Payment $985
$985
Hotel Bills $1,075 $0
Water $25 $35
Electricity $125 $95
Telephone $10 $38
Cable TV $0 $29
Meals in Restaurants $505
$150
Food prepared at home
$0 $210
Automobile $35 $20
Laundry $60 $10
Dry cleaning $15 $15
How much do you owe for
ALE. Do not consider a
deductible.
Select the single best
answer:
A. $ 253
B. $ 320
,C. $1,520
D. $1,305
E. $1,248
Assume you have a HO-3 None of the situations are covered by the HO-3.
policy in force and do not
have any endorsements
added to the policy.
Which of the following
types of loss will be
covered?
Select the single best
answer:
A. The home sustains
structural damage due to
an earthquake.
B. A landslide carries a
large tree into the side of
the insured home causing
structural damage.
C. The home is located in
a non flood area, but
following heavy rains the
home sustains structural
damage from 13 inches of
flood water standing in
the house for three days.
D. The home is located on
the western shore of Lake
Michigan. The house is
condemned because the
yard is subsiding and
falling into the lake.
E. None of the situations
are covered by the HO-3.
, Bill and Mary Johnson 0
have a HO-3 policy on
their home with Coverage
A limits of $400,000 and
Coverage B limits of
$300,000 with a $1,000
deductible. Very high
straight-line winds struck
their home, blowing down
six large trees on the
residence premises. One
tree fell on the split-rail
fence of the rear yard,
damaging 24 LF of the
fence. Another fell on a
portable picnic table,
destroying it. The
remaining four trees were
simply blown down in the
yard.
Bill and Mary submitted
the following receipts for
payment:
Remove tree from fence in
order to repair fence (two
cuts with chainsaw) $ 50
Repair 24 LF of split-rail
fence ($15 per foot) $360
Remove tree debris (tree
that fell on fence) from
residence premises $300
Remove tree from picnic
table (three cuts with
chainsaw) $75
Replace picnic table
(Lowe's - treated pine -
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