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State Farm Bundled Exams Questions and Answers | Verified | Guaranteed Success Latest update
State Farm Bundled Exams Questions and Answers | Verified | Guaranteed Success Latest update
[Show more]State Farm Bundled Exams Questions and Answers | Verified | Guaranteed Success Latest update
[Show more]In property insurance actual cash value is defined as which of the following - Replacement cost at 
the time of the loss, less depreciation 
Peril is most easily defined as - the cause of loss insured against 
What is a leading factor in the determination of actual cash value - replacement cost 
Rep...
Preview 2 out of 7 pages
Add to cartIn property insurance actual cash value is defined as which of the following - Replacement cost at 
the time of the loss, less depreciation 
Peril is most easily defined as - the cause of loss insured against 
What is a leading factor in the determination of actual cash value - replacement cost 
Rep...
The formula for determining the area of a trapezoid is: 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
Preview 2 out of 11 pages
Add to cartThe formula for determining the area of a trapezoid is: 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
The formula for determining the area of a trapezoid is: 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
Preview 2 out of 11 pages
Add to cartThe formula for determining the area of a trapezoid is: 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
duties of the insured - 1. pay the premium 
2. take all reasonable means to save and protect the property from loss 
3. give the insurance company immediate notice of loss 
4. give the insurance company proof of loss within 60 days of the loss 
5. separate the damaged property from the undamaged pro...
Preview 2 out of 8 pages
Add to cartduties of the insured - 1. pay the premium 
2. take all reasonable means to save and protect the property from loss 
3. give the insurance company immediate notice of loss 
4. give the insurance company proof of loss within 60 days of the loss 
5. separate the damaged property from the undamaged pro...
Competitive Bids - 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 cases,...
Preview 2 out of 8 pages
Add to cartCompetitive Bids - 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 cases,...
Which statement describes a peril? - a tornado damaged the insured's home 
a flood is an example of - A peril 
Tiffany leaves her car unlocked when she goes shopping. - Morale 
Insurance company incorporated in Wisconsin and conducting business in Wisconsin is known as a 
domestic company. What kin...
Preview 4 out of 35 pages
Add to cartWhich statement describes a peril? - a tornado damaged the insured's home 
a flood is an example of - A peril 
Tiffany leaves her car unlocked when she goes shopping. - Morale 
Insurance company incorporated in Wisconsin and conducting business in Wisconsin is known as a 
domestic company. What kin...
Select Service Program - 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 customers an opportunity to select qualified repairers to inspect and estimate vehic...
Preview 2 out of 12 pages
Add to cartSelect Service Program - 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 customers an opportunity to select qualified repairers to inspect and estimate vehic...
Competitive Bids - 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 cases,...
Preview 2 out of 8 pages
Add to cartCompetitive Bids - 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 cases,...
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 the...
Preview 4 out of 33 pages
Add to cartSelect 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 the...
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