Under an fp 7955 policy - Study guides, Class notes & Summaries

collapse - CORRECT ANS coverage involving a building, or any part of the it suddenly falling into pieces or entirely falling down must be directly caused by - perils described in section 1 losses insures, and coverage b personal property - hidden decay - hidden insect damage - weight of contents, equipment, animals, or people - weight of ice, snow, or rain collected on roof use of defective material or methods in the construction of the building accidental direct physical loss co...

QUESTIONS AND ANSWERS

$3,300. The wind damage to the roof is a covered loss $3,500 Temporary repairs are covered $300 Total $3,800 Less deductible <$500> Payable $3,300 Temporary repairs are found in the policy on page 5, paragraph 2. Temporary repairs are Not an additional amount of insurance and they are subject to the deductible but there is "to protect the property from further immediate damage or loss." - ANSWER 10) If all repairs have been completed what should the adjuster pay on this loss? ...

mamas test with correct answers.

Mamas test Questions with Correct Answers 1 / 13 1. under an FP-7955 policy, deductibles apply to which of the following types of losses.: B. Fire department service charges 2. in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed.True or False?: B. False 3. Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the following state...

QUESTIONS AND ANSWERS

Coverage A Dwelling Coverage B Personal Property Coverage C Loss of Use Coverage A is the dwelling and dwelling extensions. The dwelling is the structure used principally as a the private residence and the dwelling extensions are other structures on the residence premises separated from the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line, or similar connection are still considered to be other structures. Examples of dwellin...

state farm property exam (Mamas Test)| Answered 100% Correctly| Updated under an FP-7955 policy, deductibles apply to which of the following types of losses. B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? B. False Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...

state farm property exam (Mamas Test)| Answered 100% Correctly| Updated under an FP-7955 policy, deductibles apply to which of the following types of losses. B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? B. False Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...

1. under an FP-7955 policy, deductibles apply to which of the following types of losses.: B. Fire department service charges 2. in the FP-7955 policy, Coverage C consists of three coverages: 1. Addi- tional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False?: B. False 3. Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the following statements is true concerning her personal property.: D. Co...