Mamas Test State Farm Estimatics Exam
with Solutions
Mike and Jennifer Reed have an FP-7955 policy in force with a $250 deductible. Lighting
struck the insured's house, damaging the house and
contents. Mike is a policeman and operates a small engine repair shop in a
shed on the insured premises. Jennifer is a sales representative and often
has samples and merchandise at the house. The following items were
listed on the personal property inventory forms submitted after the loss.
Cash in Mike'd billfold-$35
Cash in Jennifer's purse- $160
Change in piggy bank- $25
Hand tools used in Mike's business- $780
Jennifer sales samples- $320
Mike's Police uniform- $375
4 hunting rifles- $1820
3 Shotguns- $870(Ans - e. none of the above
If a picture falls from a wall and damages an expensive statue, under the
FP-7955 policy coverage for the statue would:
(Ans - not apply, not an insured peril
Mike and Jennifer Reed have an FP-7955 policy in force with a $250
deductible. Lighting struck the insured's house, damaging the house and
,contents. Mike is a policeman and operates a small engine repair shop in a
shed on the insured premises. Jennifer is a sales representative and often
has samples and merchandise at the house. The following items were
listed on the personal property inventory forms submitted after the loss.
Cash in Mike'd billfold-$35
Cash in Jennifer's purse- $160
Change in piggy bank- $25
Hand tools used in Mike's business- $780
Jennifer sales samples- $320
Mike's Police uniform- $375
4 hunting rifles- $1820
3 Shotguns- $870
How much would you pay for the hunting rifles and shotguns listed in the loss? Do not consider
the deductible in calculating this answer. (Ans - $2,690
Refer to the exhibit above, identify the cellulose (Ans - A
Mike and Jennifer Reed have an FP-7955 policy in force with a $250
deductible. Lighting struck the insured's house, damaging the house and
contents. Mike is a policeman and operates a small engine repair shop in a
shed on the insured premises. Jennifer is a sales representative and often
has samples and merchandise at the house. The following items were
, listed on the personal property inventory forms submitted after the loss.
Cash in Mike's billfold-$35
Cash in Jennifer's purse- $160
Change in piggy bank- $25
Hand tools used in Mike's business- $780
Jennifer sales samples- $320
Mike's Police uniform- $375
4 hunting rifles- $1820
3 Shotguns- $870
How much of the deductible, if any, would be absorbed in the lose?(Ans - $250
Refer to the house exhibit above, identify the ridge.
(Ans - C. 2K
Lighting hits a power transformer two streets away from the risk and knocks out the power to the
entire area. The temperature is in the 20's and our insured's home is heated by an electric
furnace. The insured has a FP-7955 policy in force ALE will be payable on this loss. True or
False?(Ans - False
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.29. You're not tied to anything after your purchase.