Real Estate > QUESTIONS & ANSWERS > State Farm Property 2022 Questions And Answers 100% Correct 2023 NEW UPDATE (All)
State Farm Property 2022 Questions And Answers 100% Correct 2023 NEW UPDATE
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State Farm Property collapse ANSWER-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 contract ANSWER-loss caused by perils covered under the policy language Principle of Indemnity ANSWER-The insurer agrees to pay no more than the actual amount of the loss Declarations Page ANSWER-The basic information about a policy: Who - names of insurer and insured, policy number What - description of insured property Where - address and legal description of insured property When - effective and expiration dates. How Much - Dollar amounts of limits of coverage, deductible, premium Named Insured ANSWER-The individual(s) whose name appears on the policy's declaration. Insured ANSWER-a person whose interests are protected by an insurance policy policy holder and anyone living in household [Show More]
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