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Exam (elaborations)

Adjusting- Policy Study Guide Exam Questions And Actual Answers.

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  • Course
  • State Farm Homeowner Policy FP-7955 Deducible
  • Institution
  • State Farm Homeowner Policy FP-7955 Deducible

An FP-7955 homeowners policy with a $250 deductibles is in force. Policy limits for coverage A & B are adequate, with loss settlement provision A1 and B1. During a windstorm, the following property was damaged Item: RCV ACV Wood Fence $1600 $850 Gas Grill $300 $250 Outdoor Antenna $500 $400 ...

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  • September 26, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • State Farm Homeowner Policy FP-7955 Deducible
  • State Farm Homeowner Policy FP-7955 Deducible
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COCOSOLUTIONS
Adjusting- Policy Study Guide Exam
Questions And Actual Answers.
An FP-7955 homeowners policy with a $250 deductibles is in force. Policy limits for coverage A & B are
adequate, with loss settlement provision A1 and B1. During a windstorm, the following property was
damaged

Item: RCV ACV

Wood Fence $1600 $850

Gas Grill $300 $250

Outdoor Antenna $500 $400

All items have been replaced. How much do you owe?

A. $1400

B. $2400

C. $2700 - Answer $850 Wood Fence

$300 Gas Grill

$500 Outdoor Antenna

= 1650 Total

- 250 Deductible

= 1400 Total



An FP-7955 homeowner policy with a $500 deductible is in force. Policy limits for coverages A & B are
adequate, with loss settlement provisions A1 & B2. During a lightening storm, a tree was struck and fell
causing the following property damage.

Item: RCV ACV

Utility Trailer $1800 $1400

Wood Railing on tree $300 $250

Tree $900 $900

Tree removal from deck $200 $200

Tree debris removal $600 $600

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