State Farm Certification - Claims Adjuster Exam Questions (40 Terms) With Verified Definitions Updated 2024

6. on stamps, trading cards and comic books, including any of these that are a part of a collection; {Ans: $2,500 on stamps, trading cards and comic books, including any of these that are a part of a collection;}Loss settlement for replacements or repairs are {Ans: acv first and then RV}2. Property intended for business in and off premises {Ans: $1,000 on property used or intended for use in a business while on premises AND ONLY $250 OUT OF PREMISES This coverage is limited to $250 on such property away from the residence premises.}Provision AL {Ans: Additional insured Coverage is with respect to: Cov. A, B, or C; or 2. SECTION II - Coverage L and Coverage M only with respect to residence premises and NOT to bodily injury}Locks- We will pay the reasonable expenses you incur to re-key locks on exterior doors of the dwelling located on the residence premises: {Ans: when the keys to those locks are a part of a covered theft loss. No deductible applies to this coverage.}Arson Reward. {Ans: $1000}Provision BU {Ans: Business Pursuits. EXCLUSIONS, item 1.b. is modified as follows: 1. Section II coverage applies to the