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STATE FARM ESTIMATICS PRACTICE EXAM TEST WITH 100% CORRECT ANSWERS Removal of shingles - CORRECT ANSWER-estimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles - CORRECT ANSWER-a) Include waste in the calculation -10% - Composite -15% ...

STATE FARM ESTIMATICS AUTO REVIEWED EXAM GRADED A+ Competitive Bids - CORRECT 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 "com...

STATE FARM PROPERTY RATED RETAKE EXAM (QUESTIONS AND ANSWERS) In property insurance actual cash value is defined as which of the following - CORRECT ANSWER-Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - CORRECT ANSWER-the cause of loss insured a...

STATE FARM POLICY UPGRADED REVIEWED EXAM TEST (ESTIMATICS) What are Special Limits of Liability? - CORRECT ANSWER-These limits do not increase the Coverage B limit. The special limit for each of the following categories is the total limit for each loss for all property in that category: mone...

STATE FARM AUTO EXTERNAL CLAIM RESOURCE CERTIFICATION EXAM GRADED A+ 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, w...

STATE FARM INSURANCE LICENSE EXAM WITH CORRECTLY ANSWERED SOLUTIONS Abandonment Condition - CORRECTANSWER-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. A...

STATE FARM FIRE INDEPENDENT POLICY ACTUAL FINAL EXAM (QUESTIONS AND ANSWERS) 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 t...

STATE FARM ESTIMATICS STUDY GUIDE EXAM Insurance producer - CORRECT ANSWER-An individual or an entity authorized in writing by a lawfully qualified insurance compnay to transact, negotiate or effect contracts of insurance of behalf of that insurance company. Resident Producer - CORRECT ANSWE...

ACTUAL PRACTICE TEST FOR STATE FARM ESTIMATICS AUTO ADJUSTER CERTIFICATION ACV - CORRECT ANSWER-actual cash value After Market Parts - CORRECT ANSWER-Parts produced by a 3rd party for use on automobiles. Betterment - CORRECT ANSWER-An improvement made to and automobile that increases its ...

STATE FARM CERTIFICATION CLAIMS ADJUSTER STUDY SET EXAM Special Limits of Liability for 1. money - CORRECT ANSWER-$200 for money or coins whats covered under dwelling - CORRECT ANSWER-tures attached to dwelling ials/supplies on or adjacent to residence premises for construction use or alter...

STATE FARM INDEPENDENT AUTO PRACTICE QUESTIONS AND ANSWERS Select Service Program - CORRECT ANSWER-In some market areas, repairers have been selected to participate in State Farm's Select Service Program. The program is designed to enhance claim service, increase efficiency, and afford custo...