State Farm Policy exam Questions With Verified Answers
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Course
State Farm Polic
Institution
State Farm Polic
What are Special Limits of Liability? - ANSWER-These limits do not increase the Coverage B limit. The special limit for each of the following categories is the total limit for each loss for all property in that category:
money, coins and medals, including any of
these that are a part of a colle...
State Farm Policy exam Questions With Verified
Answers
What are Special Limits of Liability? - ANSWER-These limits do not increase the
Coverage B limit. The special limit for each of the following categories is the total limit
for each loss for all property in that category:
money, coins and medals, including any of
these that are a part of a collection, and bank notes; - ANSWER-$200
property used or intended for use in a business, including merchandise held as samples
or for sale or for delivery after sale - ANSWER-$1,000 - This coverage is limited to $250
on
such property away from the residence premises.
securities, checks, cashier's checks, traveler's
checks, money orders and other negotiable
instruments - ANSWER-$1,000
watercraft of all types and outboard motors,
including their trailers, - ANSWER-$1,000
trailers not used with watercraft; - ANSWER-$1,000
stamps, trading cards and comic books,
including any of these that are a part of a collection; - ANSWER-$2500
loss by theft of firearms - ANSWER-$2500
Silverware & goldware - ANSWER-$2500
electronic data processing system equipment
and the recording or storage media - ANSWER-$5000
loss by theft of any rug, carpet (except
wall-to-wall carpet), tapestry, wall-hanging or other
similar article. - ANSWER-$5000 on any one item ; $10,000 in aggregate
Credit Card, Bank Fund Transfer Card, Forgery and
Counterfeit Money. - ANSWER-We will pay up to $1,000 for: the legal obligation of an
insured to pay because of the theft or unauthorized use - loss to an insured caused by
forgery or alteration of any check or negotiable instrument - loss to an insured through
acceptance in good faith of counterfeit United States or Canadian paper currency. No
deductible applies to this coverage.
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