Package deal STATE FARM PROPERTY CERTIFICATION correctly answered 2023

STATE FARM PROPERTY AND CASUALTY correctly answered 2023duties of the insured - correct answer 1. pay the premium 2. take all reasonable means to save and protect the property from loss 3. give the insurance company immediate notice of loss 4. give the insurance company proof of loss within 60 ...

State Farm Policy questions with answers 2023What are Special Limits of Liability? - correct 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...

State Farm Insurance License Exam graded A+ already passedAbandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - correc...

State Farm License - Homeowner and Auto policies!2023What are the parts and sections in HP policy? - correct answer Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: ...

State Farm question with complete solution passed 2023Abandonment - correct answer The abdication of insured property into the hands of another, or into the possession of no one in particular. Absolute Liability - correct answer A type of liability that occurs due to extremely dangerous operation...

State farm certification - claims adjuster fully solved 2023 updated passed Special Limits of Liability for 1. money - correct answer $200 for money or coins whats covered under dwelling - correct answer tures attached to dwelling ials/supplies on or adjacent to residence premises for constru...

State Farm correctly answered 2023Absolute Assignment - correct answer Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider - correct answer Life insurance rider that allow for early payment of some portion of policy's ...

state farm questions correctly answered already passed 2023Liability A - correct answer pays damages to bodily injury and property damage which you are responsible for. if sued it pays your defense and court costs. Liability B - correct answer only pays for property damage of others, also pays fo...

STATE FARM INSURANCE graded A+ passed 2023 What transfers the risk of loss from an individual or business entity to an insurance company - correct answer Insurance The uncertainty of a risk or loss occurring - correct answer risk A risk that can only result in a loss or no change with no oppo...

State Farm Estimatics correctly answered questions rated A+Removal of shingles - correct answer estimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles - correct answer a) Include waste in the calculation -10% - Composite -15% - wood b) ...

State Farm questions correct answers rated A+ 2023Which must have an appointment? Consultant/producer/insured - correct answer Producer Define Pure Risk - correct answer Chance of loss with no possibility of gain The Law of Large Numbers says? - correct answer Losses become more predictable as...

State Farm Estimatics Exam well solved 2023The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State Farm correctly answered passed 2023Appraisal - correct answer a professional assessment to determine extent of damage Earned Premium - correct answer the portion of premium paid in advance that now belongs to the insurer because it applies to the elapsed part of the policy. Liberalizatio...

State Farm questions answered 2023 rated A+ 2023Who owns thier renewals - correct answer Independents Events that may NOT be recovered by insurance are - correct answer Gambling, investing, market value of home What underlying coverages typically are required for an umbrella - correct answer A...