STATE FARM FIRE INDEPENDENT POLICY EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT ANSWERS

STATE FARM FIRE INDEPENDENT POLICY EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT ANSWERS

Question : 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 are limited to incurred costs for the
shorte
E. ALE payments will not exceed 20% of Coverage A
limits.

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