State Farm History
The year State Farm was founded.
What is 1922?
This term refers to the amount a policyholder pays out of pocket before the insurance coverage kicks in.
What is a deductible?
This type of coverage can help pay for repairs to your car after it's been damaged by things like hail, riots, or vandalism.
What is comprehensive coverage?
This massive luxury ship hit an iceberg and sank in 1912, leading to significant marine insurance payouts.
What is the Titanic?
The type of policyholders State Farm initially targeted
What are farmers?
A formal request to an insurance company asking for a payment based on the terms of the policy.
What is a claim?
This coverage type is specifically designed for professionals who provide advice or services to their clients and protects against claims of inadequate work or negligent actions.
What is professional liability or errors and omissions insurance?
State Farm was not around for this San Francisco disaster in 1906, but it was a pivotal event in insurance history.
What is the San Francisco Earthquake and Fire?
State Farm's home city
What is Bloomington, Illinois?
This term represents the amount the policyholder pays to maintain their insurance coverage.
What is a premium?
If you're found legally responsible for an accident that caused injury to a non-household relative, this portion of your homeowner's policy can provide coverage.
What is medical payments coverage?
This "Material Girl" singer allegedly had her voice insured for millions.
Who is Madonna?
This catastrophic event in 1992 led State Farm to pay out billions in claims
What is Hurricane Andrew?
The person or entity protected by the insurance policy.
What is the insured?
This type of insurance is not for your car or your home, but instead, it provides an umbrella of coverage beyond your other policies' limits.
What is umbrella insurance?
This natural disaster in 2005 resulted in over $40 billion in insurance claims, making it one of the most costly disasters for insurers.
What is Hurricane Katrina?
The original vision of State Farm's founder, George J. Mecherle, revolved around this principle
What is offering fair rates based on risk?
This refers to the maximum amount an insurer will pay out for a covered loss.
What is the coverage limit?
Used primarily in marine insurance, this clause provides protection against the most common causes of loss but leaves room for various exclusions.
What is "named perils"?
The nose of this iconic British singer, known for his flamboyant style, was once rumored to be insured for a significant sum.
Who is Rod Stewart?