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State Farm Property Questions and Correct Answers £7.76   Add to cart
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Exam (elaborations)

State Farm Property Questions and Correct Answers
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power interruption ~~covers accidental direct physical loss caused directly or indirectly by a change in temperature from power loss that takes place on residence premises Refrigerated products ~~covers contents of fridge and freezer for loss due to power failure void if , insured did not try...

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  • August 9, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • state farm property questions and correct answers

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  • StateFarm
  • StateFarm

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State Farm Property Questions and
Correct Answers

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✓✓~~coverage involving a building, or any part of the it suddenly falling into pieces or
entirely falling down




must be directly caused by

- perils described in section 1 losses insures, and coverage b personal property

- hidden decay

- hidden insect damage

- weight of contents, equipment, animals, or people

- weight of ice, snow, or rain collected on roof

use of defective material or methods in the construction of the building




accidental direct physical loss contract


✓✓~~loss caused by perils covered under the policy language




Principle of Indemnity


✓✓~~The insurer agrees to pay no more than the actual amount of the loss

, Declarations Page


✓✓~~The basic information about a policy:
Who - names of insurer and insured, policy number

What - description of insured property

Where - address and legal description of insured property

When - effective and expiration dates.

How Much - Dollar amounts of limits of coverage, deductible, premium




Named Insured


✓✓~~The individual(s) whose name appears on the policy's declaration.




Insured


✓✓~~a person whose interests are protected by an insurance policy




policy holder and anyone living in household




Residence Premises


✓✓~~The place where the insured resides as identified in the policy declarations.
Primary dwelling of policy holder

Can include up to a four family dwelling

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