Exam (elaborations)
State Farm Homeowner Policy FP-7955 Deducible Exam
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State Farm Homeowner Policy FP-7955 Deducible Exam
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Mamas Test State FarmEstimatics Exam
under an FP-7955 policy, deductibles apply to which of
the following types of losses.
(Ans - B. Fire department service charges
in the FP-7955 policy, Coverage C consists of three
coverages: 1. Additional Living Expense, 2. Fair Rental
Value and 3. Property Removed. True or False
Ans - B. False
Jennifer Marco has a FP-7955 policy with coverage B limit
of $75,000, a
$500 deductible and no option AI, ID, FA, or JF. Which of
the following statements is true concerning her personal
property
Ans - D. Coverage for personal property applies for perils
listed under Section I - Losses Insured, Coverage B -
Personal Property and Section I - Additional Coverages.
The steps in applying the deductible on a FP-7955
homeowners policy are: 1. The deductible is first applied
to the covered loss.
2.Any coverage or special limits are the applied to the
covered loss.
3.The amount payable to the insured will be the
greater of the amounts arrived at in steps 1 and 2.
True or False
Ans - A. True
The definition of an insured includes all of the
following except: (Ans - B. Spouse
Composition shingles can be purchased in bundles which
could be 1/3 square or 1/4 square. True or False?
,(Ans - A. True
,The formula for determining the area of a
trapezoid is: (Ans - [(base1+base2) / 2] *
height
The formula for determining the area of
a triangle is Ans - 1/2 base * height
The formula for determining the area of a circle is
Ans -
Blanket insulation is an uncut roll of insulation cut to
length at the job site. It is used in walls and attics. and
may or may not have a backing material. (Ans - A. True
All of the following statements are true except: Select the
false statement. A. Composition shingles are made of
fiberglass or asphalt saturated roofing material embedded
with mineral granules
B. Wood roofing is generally divided into two categories,
wood shingles and wood shakes.
C. Composition shingle weights range from 120 lb. to
480 l.b per square D. Rigid roofing materials include
cay, concrete, metal, and slate
(Ans - C. Composition shingle weights range from 120
lb. to 480 lb. per square.
Which of the following components is not a part of a
roof truss?(Ans - b. Bird's Mouth
Joe Smith has FP-7955 policy. He is a carpenter and has
collected 100 2"x4" studs and 30 2"x6" ratters from
various job sites. Joe has no specific plans to use the
lumber. The lumbar is covered under Coverage A. True or
False?
(Ans - False
, Under an FP-7955 policy, which of the following would
be a Coverage B item?
(Ans - d. Free standing gas range
Under and FP-7955 policy, which of the following would
not be a Coverage A item?
(Ans - d. Materials and supplies to build bookshelves in
the basement of the residence premises and stored in
the garage
An FP-7955 homeowners policy with an $250 deductible is
in force and the policy limits (Coverage A and Coverage B)
are adequate to cover this damage. During a severe
windstorm, rain blows through open windows and causes
the following damage;
$1700- Hardwood floor in dining room
$220- Water stains on drywall
$125- Water stains on rug
$375- Antique Vase (broken by wind)
How much should you pay on this loss? All repairs have
been made Ans - 2,170
Non-masonry siding products such as wood, aluminum,
vinyl, steel, and vinyl clad siding are usually measured
by the foot, but the materials are typically sold by the
square (100 SF) or by the piece.
True or
false (Ans
- A. true
Which Statement is FALSE?
(Ans - b. Wall sheathing reinforces the wall framing.
"On-center" is a term to describe the distance from the
center of one framing member to the center of the next
framing member, i.e., stud, joist, ratters. True or False
Ans - True
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