100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
STATE FARM QUESTIONS WITH VERIFIED ANSWERS $11.49   Add to cart

Exam (elaborations)

STATE FARM QUESTIONS WITH VERIFIED ANSWERS

 11 views  0 purchase
  • Course
  • STATE FARM
  • Institution
  • STATE FARM

STATE FARM QUESTIONS WITH VERIFIED ANSWERS...

Preview 2 out of 13  pages

  • August 23, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Unknown
  • STATE FARM
  • STATE FARM
avatar-seller
Boostertips
2024-2025 STATE FARM QUESTIONS WITH VERIFIED
ANSWERS


Who owns their renewals? ANSWER: Independents

Insurance may not cover the following events: Gambling, investing, market value
of homes


What underlying coverages are normally necessary for an umbrella? ANSWER:
auto and personal.


ANSWER: Conditions that preclude policy assignments. Transfer of Rights and
Duties


Expectant interest is ANSWER Not insured.


Flood, power outage, and earth movement are - ANSWER Excluded on DP and
HO.


What are the three main rating factors for personal automobiles? - ANSWER 1)
Safe driving record. 2) yearly kilometres driven 3) Years of Driving Experience


Failure Plan does not encourage - ANSWER Competition.


Loss exposures that result in a monetary damage claim owing to another person's
injury or property damage. - ANSWER Liability Loss Exposure


The individuals whose property is being insured are the ANSWER Insured.


The individual seeking damage is the ANSWER Claimant.

, When the insurance cancels, the premium is repaid - ANSWER pro-rata.


Representation can qualify as an ANSWER Implied Warranty.


What is the Fire Department's service charge, cause for repairs, and debris disposal
on a HO? - ANSWER: Additional charges.


ANSWER Coverage D in an HO includes fair rental coverage.


How is the combined ratio calculated? - ANSWER Add Loss + Expense Ratio


Not obtaining collision coverage for your car is an example of risk--ANSWER
Retention


Not buying a motorboat is an example of - ANSWER Avoidance/ Elimination.


Installing a sprinkler system in your home exemplifies risk reduction.


Purchasing homeowner's policies is an area of risk. - ANSWER Transfer


Source of investment capital, payouts for losses, and decrease in financial
uncertainty are discussed - ANSWER Benefits of Insurance.


Unintentional or intended concealment authorizes the insured or insurer to-
ANSWER Rescind.


Personal auto policy medical pay, net limiters are - ANSWER per person.

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 Boostertips. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 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
$11.49
  • (0)
  Add to cart