State Farm Fire Independent Policy Practice Exam 2025 – The Comprehensive All-in-One Guide to Success!

In the context of an HO-3 policy, which is a homeowner’s insurance policy, coverage for damage to structures on your property can include debris removal and replacement costs. The policy typically has specific coverage limits for different components, including damage to swimming pools.

The correct answer reflects the maximum amount that can be covered specifically for pool debris removal and replacement. This amount is formulated based on standard coverage limits outlined in many homeowner policies, which generally set specific caps for different types of structures and coverage, including in-ground pools. Therefore, it's important to note that your insurance policy will specify how much you can receive in total for pool-related damage, including the clean-up and replacement of the pool structure itself.

Identifying that $26,250 is the maximum amount here underscores the importance of reviewing your policy limits to understand how much financial assistance can be provided in case of a loss like this. Understanding coverage limits helps homeowners prepare and make informed decisions about insurance needs as well as filing claims during a loss event.