State farm auto policies - Study guides, Class notes & Summaries

A: Liability - Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) - $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000, still have to pay $20,00 out of pocket. Liability 100/300. (300?) - $300,000 of lawsuit protection per accident if MORE THAN ONE claimant is suing. Ex.) I hit Mikey with Desiree and Ann and they are all suing me ...

State Farm License - Homeowner and Auto policies Exam Questions With 100% Correct Answers What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deductible name insured person named on the Dec page and their spouse, if a res...

Commercial Casualty II – CISR Exam 121 Questions with Answers In BAP what does liability section provide protection from claims for? - CORRECT ANSWER Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - CORRECT ANSWER provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - CORRECT ANSWER Medical payments personal injury protecti...

State Farm License - Homeowner and Auto policies Exam Latest updated

Pennsylvania Public Adjuster Examination--Series 16-19 Set 2 Latest Update Graded A+ The program trigger in 2016 under the Terrorism Risk Insurance Act covered property and casualty losses that exceeded ______ in the aggregate. In 2017, the program will cover losses that exceed _____ in the aggregate. A. $120 million,/ $140 million B. $100 million / $120 million C. $140 million / $160 million D. $90 million / $100 million A. The Act covers losses from a certified terrorism act tha...

State Farm Auto Policies A: Liability Ans- Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) Ans- $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am covered for $100,000, still have to pay $20,00 out of pocket. Liability 100/300. (300?) Ans- $300,000 of lawsuit protection per accident if MORE THAN ONE claimant is suing. Ex.) I hit Mikey with Desi...

Final Exam - Ohio Property and Casualty Insurance AND BUSINESS ALL ANSWERS CORRECT 2025 SOLUTION GUARANTEED GRADE A+ Sarah has a homeowner's policy which covers stolen property, and she has a computer stolen. Her insurer pays her 1k to replace the computer. Two weeks later, Sarah's computer is recovered by the police. Which of the following would be true in this scenario? Sara would have a choice of returning either the benefit or the computer to her insurer Colin is driving the company...

©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:32AM. A+ 1 Pennsylvania Public Adjuster Examination-- Series 16-19 Set 2 Exam Questions With Correct Answers 100% Verified. The program trigger in 2016 under the Terrorism Risk Insurance Act covered property and casualty losses that exceeded ______ in the aggregate. In 2017, the program will cover losses that exceed _____ in the aggregate. A. $120 million,/ $140 million B. $100 million / $120 million C. $140 million / $160 million D. $90 mill...

State Farm License Homeowner And Auto Policies Exam With 100% Correct And Verified Answers 2024

Accumulated Depreciation - The total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula...