Auto
What is the deductible amount that applies to uninsured motorist property damage coverage?
$200
What is the maximum coverage amount available under the back-up of sewers or drains endorsement?
The maximum coverage amount available is 5% or 10% of Coverage A.
What is the maximum monthly income benefit a policyholder can receive from Short Term Disability Insurance?
The maximum monthly income benefit is $3,000.
Which type of life insurance provides coverage for a specific period, typically ranging from 10 to 30 years?
Term Life Insurance
Commercial buildings that are ___________ square feet or more are required to have an automatic sprinkler system installed
15,000
Which of the following is NOT covered under medical payments coverage?
A. Emergency Room Visit
B. Funeral Expenses
C. Lost Wages
D. Reasonable and Necessary Medical Expenses
Lost Wages
What type of loss does the "Loss of Use" coverage cover?
"Loss of Use" coverage covers expenses incurred when the home is uninhabitable.
What are the two benefit period options available for this insurance?
The benefit period options available are one year and three years.
What is a "beneficiary" in a life insurance policy?
The recipient of the death benefit.
What is the sole remedy for an employee’s lost wages and medical expenses after a work-related accident/injury?
Worker's Compensation
Under Car Rental and Travel Expenses coverage, what is the maximum daily amount State Farm will pay?
$100
What type of breakdown does Home Systems Protection cover?
Covers abrupt and accidental mechanical or electrical breakdown of permanently installed dwelling equipment.
What is the age range for applicants eligible for Short Term Disability Insurance?
The age range for eligible applicants is 18 to 59 years.
What is the eligible age range to qualify for a GIFE?
45-80
What is the coverage cap for apartment complexes?
$25 Million
What condition must be met for S coverage limits to be doubled?
Must be wearing your seatbelt.
What are the pre-requisites to qualify for a PLUP?
Auto Liability Limits of 250/500/100
A renter's or homeowner's policy
Fire Liability of at least $300,000
What are the elimination period options for the one-year benefit under Short Term Disability Insurance?
The elimination period options for the one-year benefit are 30 or 60 days.
What is the maximum cash value of a $1million 20 year term policy?
$0, term policies don't accrue cash value.
A contractor uses a trailer to transport their tools and equipment to and from job sites. Where would the coverage apply under the contractor’s policy while the tools & equipment are away from the business’ primary location?
Inland Marine Rider - Mobile Equipment
If a covered person sustains dismemberment in an accident, within what time frame must the injury occur to be eligible for coverage?
Within 90 days of the accident.
What security systems qualify for the security system discount?
What are the possible elimination periods for a Short-Term Disability Policy with a three-year benefit?
The elimination periods are 30, 60, or 90 days.
What is the highest number of units allowed on a children’s term rider?
20 ($20,000)
Name at least 3 financial services topics that can be discussed with a new business owner.
Individual Life, Key Man coverage, buy-sell agreements, group life, short/long term disability, SHIPP, group life, I401k, SEP, SIMPLE, Business Banking products.