State Farm Fire Independent Policy Practice Exam

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Prepare for the State Farm Fire Independent Policy Exam. Utilize our resources featuring flashcards and multiple-choice questions, complete with hints and explanations. Enhance your understanding for a successful result!

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Which statement about Option JF under an HO-3 policy is false?

Coverage applies for accidental direct physical loss
Coverage applies only for Coverage B named perils
The limits for this option are specified
First amount is for one article; second is the aggregate limit

The correct answer is: Coverage applies only for Coverage B named perils

The assertion that coverage applies only for Coverage B named perils is false because Option JF under an HO-3 policy typically provides broader coverage than just named perils. An HO-3 policy generally offers open-peril coverage for the dwelling and attached structures (Coverage A) while listing specific perils for personal property (Coverage C). However, Option JF extends beyond the limitations of named perils, allowing for accidental direct physical loss without confining it to designated risks. This characteristic distinguishes it from Coverage B that specifically lists the perils covered, thereby highlighting that Option JF encompasses a wider range of potential losses, aligning with the overall intent of the HO-3 policy to offer comprehensive protection.