State Farm Fire Independent Policy Exam

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State Farm Fire Independent Policy Exam 1.under an FP-7955 policy, deductibles apply to which of the following types of losses ANS 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 ANS 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 ANS D. Coverage for personal property applies for perils listed under Section I - Losses Insured, Coverage B - Personal Property and Section I - Additional Coverages.

4.The steps in applying the deductible on a FP-7955 homeowners policy

are:

1.The deductible is first applied to the covered loss.

2.Any coverage or special limits are the applied to the covered loss. 1 / 4

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3.The amount payable to the insured will be the greater of the amounts arrived at in steps 1 and 2. True or False ANS A. True 5.The definition of an insured includes all of the following except ANS B.Spouse 6.Composition shingles can be purchased in bundles which could be 1/3 square or 1/4 square. True or False ANS A. True 7.The formula for determining the area of a trapezoid is ANS [(base1+base2) / 2]

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8.The formula for determining the area of a triangle is ANS 1/2 base * height 9.The formula for determining the area of a circle is ANS 10.Blanket insulation is an uncut roll of insulation cut to length at the job site. It is used in walls and attics. and may or may not have a backing 2 / 4

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material ANS A. True

11.All of the following statements are true except: Select the false

statement.A.Composition shingles are made of fiberglass or asphalt saturated roofing material embedded with mineral granules B.Wood roofing is generally divided into two categories, wood shingles and wood shakes. 3 / 4

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C.Composition shingle weights range from 120 lb. to 480 l.b per square

D.Rigid roofing materials include cay, concrete, metal, and slate: C.

Compo- sition shingle weights range from 120 lb. to 480 lb. per square.

12.Which of the following components is not a part of a roof truss ANS b.Bird's Mouth 13.Joe Smith has FP-7955 policy. He is a carpenter and has collected 100 2"x4" studs and 30 2"x6" ratters from various job sites. Joe has no specific plans to use the lumber. The lumbar is covered under Coverage A.True or False ANS False 14.Under an FP-7955 policy, which of the following would be a Coverage B item ANS d. Free standing gas range 15.Under and FP-7955 policy, which of the following would not be a Coverage A item ANS d. Materials and supplies to build bookshelves in the basement of the residence premises and stored in the garage 16.An FP-7955 homeowners policy with an $250 deductible is in force and the policy limits (Coverage A and Coverage B) are adequate to cover this

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