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State Farm IA Fire-Policy Certification Exam Questions and Answers
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State Farm IA Fire-Policy Certification Exam Questions and Answers
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State Farm IA Fire-Policy CertificationExam Questions and Answers
HO Policy FP7955 - Answers -Section 1 set up like baseball diamond
Coverages - Answers -Coverage A - Accidental direct physical loss (ADPL); Coverage
B - accidental direct physical loss on a named peril basis
Coverage A - Dwelling - Answers -1. Dwelling used principally as a private residence on
the residence premises; Dwelling includes: building, building materials in use of actively
altering building, foundation, and wall-to-wall carpeting; 2. Dwelling Extensions: covers
other structures separate from the dwelling; must be located on resident's premises;
structures connected by fencing, can include buildings and non-buildings; other
structures: do not have wall or roof; Does not cover structures that are not permanently
attached to the main dwelling: bird baths, above ground swimming pools, structure on
foundation, structure being used for business purposes; 3. Property not covered
Coverage B - Personal Property - Answers -Cover personal property owned or used by
an insured while it is anywhere in the world; COVERAGE B - PERSONAL PROPERTY
1. Property Covered. We cover personal property owned or used by an insured while it
is anywhere in the world. This includes structures not permanently attached to or
otherwise forming a part of the realty. At your request, we will cover personal property
owned by others while the property is on the part of the residence premises occupied
exclusively by an insured. At your request, we will also cover personal property owned
by a guest or a residence employee, while the property is in any other residence
occupied by an insured. We cover personal property usually situated at an insured's
residence, other than the residence premises, for up to $1,000 or 10% of the Coverage
B limit, whichever is greater. This limitation does not apply to personal property in a
newly acquired principal residence for the first 30 days after you start moving the
property there. If the residence premises is a newly acquired principal residence,
personal property in your immediate past principal residence is not subject to this
limitation for the first 30 days after the inception of this policy. Special Limits of Liability.
2. Property Not Covered. We do not cover: f. property of roomers, boarders, tenants
and other residents not related to an insured. We do cover property of roomers,
boarders and other residents related to an insured; L.O.L.: Coverage B: 10% of
Coverage A Limit
Section I - Additional Coverages - Answers -1. Debris Removal - reasonable expenses
incurred in removal of debris of covered property damaged by a loss insured; 2.
Temporary Repairs - covers temporary repairs to protect damaged covered property
from further loss; 3. Trees, Shrubs, and Other Plants - cover foliage for direct loss from
, fire or lightning, explosion, riot or civil commotion, aircraft, vehicles, vandalism or
malicious mischief or theft; limit for this coverage shall not exceed 5% of the amount
shown in Coverage A - Dwelling, pay no more than $500 for any singular tree or plant;
4. Fire Department Service Charge - pay up to $500, no deductible; 5. Property
Removed - covered property is covered for any accidental direct physical loss while
removing the item from risk of Loss Insured; applies for up to 30 days while removed; 6.
Credit Card, Bank Fund Transfer Card, Forgery and Counterfeit Money - No deductible
applies to this coverage; 7. Power Interruption - cover accidental direct physical loss
resulting in change of temperature caused by power interruption that takes place on the
residence premises; 8. Refrigerated Products - covers contents of deep freeze or
refrigerated unites on the residence premises for loss due to power failure or
mechanical failure; 9. Arson Reward - pay $1000 for information that leads to arson
conviction in connections with a fire loss to property; 10. Volcanic Action - direct
physical loss due to volcanic eruption: volcanic blast or airborne shock waves; ash, dust
or particulate matter; or lava flow; 11. Collapse - direct physical loss to covered property
involving the sudden, entire collapse of a building or any part of a building; 12. Locks -
cover to re-key locks on exterior doors of residence premises, no deductible applies to
this coverage; INFLATION COVERAGE: The limits of liability shown in the Declarations
for Cover
Section II - Liability Coverages - Answers -Coverage L - Personal Liability: bodily injury
or property damage; Coverage M - Medical Payments: cover injuries incurred or
medically ascertained within three years from the date of an accident causing bodily
injury; Section II - Additional Coverages: 1. Claim Expenses 2. First Aid Expenses 3.
Damage to Property of Others
Section I and II - Conditions - Answers -1. Policy Period; 2. Concealment or Fraud; 3.
Liberalization Clause; 4. Waiver or Change of Policy Provisions; 5. Cancellation; 6. Non-
renewal; 7. Assignment; 8. Subrogation; 9.Death; 10. Conformity to State Law
Exercise 1 - Answers -Wood Fence is ALWAYS ACV: $850; Gas Grill: RCV - $300;
Outdoor Antenna: $500
Definitions - Answers -1. "You" and "your" mean the "named insured" shown in the
Declarations. Your spouse is included if a resident of your household. "We", "us" and
"our" mean the Company shown in the Declarations; 2. "business" means a trade,
profession or occupation. This includes farming; 4. "insured" means you and, if
residents of your household: a. your relatives; and b. any other person under the age of
21 who is in the care of a person described above; 5. "insured location" means: a. the
residence premises; b. the part of any other premises, other structures and grounds
used by you as a residence. This includes premises, structures and grounds you
acquire while this policy is in effect for your use as a residence; c. any premises used by
you in connection with the premises included in 5.a. or 5.b.; d. any part of a premises
not owned by an insured but where an insured is temporarily residing; e. land owned by
or rented to an insured on which a one or two family dwelling is being constructed as a
residence for an insured; f. individual or family cemetery plots or burial vaults owned by
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