Fire state farm - Study guides, Class notes & Summaries

State farm fire independent policy QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS with A+ Bill and Mary Johnson have a HO-3 policy on their home with Coverage A limits of $400,000 and Coverage B limits of $300,000 with a $1,000 deductible. Very high straight-line winds struck their home, blowing down six large trees on the residence premises. One tree fell on the split-rail fence of the rear yard, damaging 24 LF of the fence. Another fell on a portable picnic table, destro...

State Farm Fire Independent Policy Exam 2025 update with all correct answers An HO-3 homeowners policy with a $250 deductible is in force and the policy limits (Coverage A and Coverage B) are adequate to cover this damage. During a severe windstorm, rain blows through open windows and causes the following damage: Hardwood floor in the dining room $1,700 Water stains on the drywall $ 220 Water stains on the area rug $125 Antique vase (broken by force of wind) $375 How much should you pay on...

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State Farm Fire Independent Policy Exam Updated 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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State Farm Fire Independent Policy Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expiration of the policy. D. ALE payments ar...

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State Farm Fire Independent Policy Exam QUESTIONS AND CORRECT DETAILED ANSWERS.

STATE FARM FIRE INDEPENDENT POLICY EXAM QUESTIONS AND ANSWERS Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expiration ...

State Farm Fire Independent Policy Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)