State Farm Estimatics Exam (Actual),Fire Independent Policy, Auto Exam ,auto external claim Resource Certification , State Farm Insurance License Exam package Deal Solutions

Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for...

Competitive Bids - ANSWER-The competitive bid process requires that two or more repairers submit competitive estimates or "bids" for a specific repair job. The amount of the low, complete bid is generally considered to be the "competitive" price and is used as the basis for settlement. In all ...

You're preparing an estimate on a customer's vehicle that requires refinishing of the hood and right front fender only. The hood is the first panel listed on the estimate. According to most Collision Estimating Guides, would refinish overlap be applicable on the hood? Choose the most correct state...

ACV - ANSWER-actual cash value After Market Parts - ANSWER-Parts produced by a 3rd party for use on automobiles. Betterment - ANSWER-An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL - ANSWER-Blend Blend - ANSW...

Abandonment Condition - ANSWER-A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - ANSWER-A loss that occurs at a specific time and place Actual Cash Va...