State Farm IA Fire/Policy Certification
Questions And Answers With Verified
Solutions Already Passed A+
HO Policy FP7955 - ANSWER✔✔Section 1 set up like baseball diamond
Coverages - ANSWER✔✔Coverage A - Accidental direct physical loss (ADPL);
Coverage B - accidental direct physical loss on a named peril basis
Coverage A - Dwelling - ANSWER✔✔1. Dwelling used principally as a private
residence on the residence premises; Dwelling includes: building, building
materials in use of actively altering building, foundation, and wall-to-wall
carpeting; 2. Dwelling Extensions: covers other structures separate from the
dwelling; must be located on resident's premises; structures connected by fencing,
can include buildings and non-buildings; other structures: do not have wall or roof;
Does not cover structures that are not permanently attached to the main dwelling:
bird baths, above ground swimming pools, structure on foundation, structure being
used for business purposes; 3. Property not covered
Coverage B - Personal Property - ANSWER✔✔Cover personal property owned or
used by an insured while it is anywhere in the world; COVERAGE B -
PERSONAL PROPERTY 1. Property Covered. We cover personal property owned
or used by an insured while it is anywhere in the world. This includes structures
not permanently attached to or otherwise forming a part of the realty. At your
request, we will cover personal property owned by others while the property is on
the part of the residence premises occupied exclusively by an insured. At your
request, we will also cover personal property owned by a guest or a residence
employee, while the property is in any other residence occupied by an insured. We
cover personal property usually situated at an insured's residence, other than the
residence premises, for up to $1,000 or 10% of the Coverage B limit, whichever is
greater. This limitation does not apply to personal property in a newly acquired
principal residence for the first 30 days after you start moving the property there. If
the residence premises is a newly acquired principal residence, personal property
, in your immediate past principal residence is not subject to this limitation for the
first 30 days after the inception of this policy. Special Limits of Liability. 2.
Property Not Covered. We do not cover: f. property of roomers, boarders, tenants
and other residents not related to an insured. We do cover property of roomers,
boarders and other residents related to an insured; L.O.L.: Coverage B: 10% of
Coverage A Limit
Section I - Additional Coverages - ANSWER✔✔1. Debris Removal - reasonable
expenses incurred in removal of debris of covered property damaged by a loss
insured; 2. Temporary Repairs - covers temporary repairs to protect damaged
covered property from further loss; 3. Trees, Shrubs, and Other Plants - cover
foliage for direct loss from fire or lightning, explosion, riot or civil commotion,
aircraft, vehicles, vandalism or malicious mischief or theft; limit for this coverage
shall not exceed 5% of the amount shown in Coverage A - Dwelling, pay no more
than $500 for any singular tree or plant; 4. Fire Department Service Charge - pay
up to $500, no deductible; 5. Property Removed - covered property is covered for
any accidental direct physical loss while removing the item from risk of Loss
Insured; applies for up to 30 days while removed; 6. Credit Card, Bank Fund
Transfer Card, Forgery and Counterfeit Money - No deductible applies to this
coverage; 7. Power Interruption - cover accidental direct physical loss resulting in
change of temperature caused by power interruption that takes place on the
residence premises; 8. Refrigerated Products - covers contents of deep freeze or
refrigerated unites on the residence premises for loss due to power failure or
mechanical failure; 9. Arson Reward - pay $1000 for information that leads to
arson conviction in connections with a fire loss to property; 10. Volcanic Action -
direct physical loss due to volcanic eruption: volcanic blast or airborne shock
waves; ash, dust or particulate matter; or lava flow; 11. Collapse - direct physical
loss to covered property involving the sudden, entire collapse of a building or any
part of a building; 12. Locks - cover to re-key locks on exterior doors of residence
premises, no deductible applies to this coverage; INFLATION COVERAGE: The
limits of liability shown in the Declarations for Cover
Section II - Liability Coverages - ANSWER✔✔Coverage L - Personal Liability:
bodily injury or property damage; Coverage M - Medical Payments: cover injuries
incurred or medically ascertained within three years from the date of an accident
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