State Farm Fire Independent Policy Exam Latest 2022/2023 Graded A+

If a picture falls from a wall and damages an expensive statue, under the HO-3 coverage for the statue would: Select the single best answer: A. Apply under the falling object peril B. Not apply, not an insured peril C. Apply under the collapse peril D. Not apply since it should have been insured under a personal articles policy E. None of the above {Ans: not apply, not an insured peril}Bill and Mary Johnson have a HO-3 policy on their home with Coverage A limits of $400,000 and Coverage B limits of $300,000 with a $1,000 deductible. Very high straight-line winds struck their home, blowing down six large trees on the residence premises. One tree fell on the split-rail fence of the rear yard, damaging 24 LF of the fence. Another fell on a portable picnic table, destroying it. The remaining four trees were simply blown down in the yard. Bill and Mary submitted the following receipts for payment: Remove tree from fence in order to repair fence (two cuts with chainsaw) $ 50 Repair 24 LF of split-rail fence ($15 per foot) $360 Remove tree debris (tree that fell on fence) from residence premises $300 Remove tree from