100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
State Farm Questions & 100% Correct Answers $10.49   Add to cart

Exam (elaborations)

State Farm Questions & 100% Correct Answers

 8 views  0 purchase
  • Course
  • State Farm Auto
  • Institution
  • State Farm Auto

Who owns thier renewals ~~> Independents Events that may NOT be recovered by insurance are ~~> Gambling, investing, market value of home What underlying coverages typically are required for an umbrella ~~> Auto and Personal Conditions that prohibit assignments of the policy ...

[Show more]

Preview 3 out of 20  pages

  • September 13, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • State Farm Auto
  • State Farm Auto
avatar-seller
ExamArsenal
1 | P a g e | © copyright 2024/2025 | Grade A+




State Farm Questions & 100% Correct
Answers
Who owns thier renewals

✓ ~~> Independents




Events that may NOT be recovered by insurance are

✓ ~~> Gambling, investing, market value of home




What underlying coverages typically are required for an umbrella

✓ ~~> Auto and Personal




Conditions that prohibit assignments of the policy

✓ ~~> Transfer of rights and duties




Expectant interest are

✓ ~~> Not insured




Flood, power failure and earth movement are

✓ ~~> Excluded on DP & HO




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+



What are the 3 principle rating factors for personal auto

✓ ~~> 1) safe driving record 2) annual miles driving 3) years of driving

experience




Fail Plan doesn't not encourage

✓ ~~> Competition




Loss exposures that results in a claim for monetary damage due to injury to

another or damage to another's property?

✓ ~~> Liability Loss Exposure




The persons whose property is being insured is the

✓ ~~> Insured




The person seeking for damage is the

✓ ~~> Claimant




When the insurer cancels, the premium is refunded

✓ ~~> Pro-Rata




Representation can qualify as an


Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+



✓ ~~> Implied Warranty




Fire Dep. service charge, reason repairs and debris removal are considered

what on an HO?

✓ ~~> Additional Charges




In an HO coverage for fair rental is included in

✓ ~~> Coverage D




How is combined ratio computed?

✓ ~~> Adding Loss + Expense Ratio




Not purchasing collision coverage for your car is an example of risk

✓ ~~> Retention




Not purchasing a motorboat is an example of

✓ ~~> Avoidance/ elimination




Installing sprinkler system in your home is an example of risk

✓ ~~> Reduction




Master01 | September, 2024/2025 | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart