State farm auto policies - Study guides, Class notes & Summaries

State Farm License - Homeowner and Auto policies

A: Liability - Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) - $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000, still have to pay $20,00 out of pocket. Liability 100/300. (300?) - $300,000 of lawsuit protection per accident if MORE THAN ONE claimant is suing. Ex.) I hit Mikey with Desiree and Ann and they are all suing me ...

A: Liability - Answers-Protection agaist lawsuits if I am at fault in an auto accident Liability 100/300. (100?) - Answers-$100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000, still have to pay $20,00 out of pocket. Liability 100/300. (300?) - Answers-$300,000 of lawsuit protection per accident if MORE THAN ONE claimant is suing. Ex.) I hit Mikey with Desiree and ...

State Farm License - Homeowner and Auto policies Questions and answers 2024!

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...

State Farm Auto Policies A: Liability Ans- Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) Ans- $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000, still have to pay $20,00 out of pocket. Liability 100/300. (300?) Ans- $300,000 of lawsuit protection per accident if MORE THAN ONE claimant is suing. Ex.) I hit Mikey with Desi...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

State Farm License - Homeowner and Auto policies Exam Latest updated

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

STATE FARM PROPERTY AND CASUALTY 2025 EXAM WITH CORRECT ANSWERS 2 types of property and casualty insurance policies: 1. personal lines property/casualty insurance - ANSWER-includes homeowner insurance, dwelling insurance and personal auto insurance 2. commercial lines property/casualty insurance - ANSWER-includes commercial property insurance, commercial package policies, commercial general liability insurance, commercial crime insurance and business auto insurance abandonment clause - ANSWE...