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State Farm Property Exam All Questions And Answers with 100% Correct Answers Graded A+
All State Farm Property Exam Questions And Answers with 100% Correct Graded A+
[Show more]All State Farm Property Exam Questions And Answers with 100% Correct Graded A+
[Show more]State Farm Property Exam Questions and Answers 
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 dete...
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Add to cartState Farm Property Exam Questions and Answers 
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 dete...
State Farm Property Exam Questions with 100% Correct Answers 
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 facto...
Preview 1 out of 4 pages
Add to cartState Farm Property Exam Questions with 100% Correct Answers 
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 facto...
State Farm Property Exam Questions with 100% Correct Answers 
Depreciation 
reduction in value, particularly due to wear and tear 
 
 
Exposure 
susceptibility to risk 
 
 
Implied Warranty 
A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...
Preview 2 out of 5 pages
Add to cartState Farm Property Exam Questions with 100% Correct Answers 
Depreciation 
reduction in value, particularly due to wear and tear 
 
 
Exposure 
susceptibility to risk 
 
 
Implied Warranty 
A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...
State Farm Property Exam Questions with 100% Correct Answers 
Depreciation 
reduction in value, particularly due to wear and tear 
 
 
Exposure 
susceptibility to risk 
 
 
Implied Warranty 
A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...
Preview 2 out of 5 pages
Add to cartState Farm Property Exam Questions with 100% Correct Answers 
Depreciation 
reduction in value, particularly due to wear and tear 
 
 
Exposure 
susceptibility to risk 
 
 
Implied Warranty 
A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...
State Farm Property Exam Questions with 100% Correct Answers 
Absolute Assignment 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
 
 
Accelerated benefits rider 
Life insurance rider that allow for early payment of some portion of policy's fa...
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Add to cartState Farm Property Exam Questions with 100% Correct Answers 
Absolute Assignment 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
 
 
Accelerated benefits rider 
Life insurance rider that allow for early payment of some portion of policy's fa...
State Farm Property Exam Questions with 100% Correct Answers 
which of the following refers to being restored to the financial condition you were in before a loss? 
indemnification 
 
 
mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from ...
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which of the following refers to being restored to the financial condition you were in before a loss? 
indemnification 
 
 
mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from ...
State Farm Property Exam Questions with 100% Correct Answers 
Who owns thier renewals 
Independents 
 
 
Events that may NOT be recovered by insurance are 
Gambling, investing, market value of home 
 
 
What underlying coverages typically are required for an umbrella 
Auto and Personal 
 
 
Conditio...
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Who owns thier renewals 
Independents 
 
 
Events that may NOT be recovered by insurance are 
Gambling, investing, market value of home 
 
 
What underlying coverages typically are required for an umbrella 
Auto and Personal 
 
 
Conditio...
State Farm Property Exam Questions with 100% Correct Answers 
How long is the waiting period after the application has been accepted before flood coverage goes into effect? 
the waiting period is 30 days as required by the Nation flood insurance program 
 
 
which of the following Is covered under t...
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How long is the waiting period after the application has been accepted before flood coverage goes into effect? 
the waiting period is 30 days as required by the Nation flood insurance program 
 
 
which of the following Is covered under t...
State Farm Property Exam Questions with 100% Correct Answers 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
Absolute Assignment 
 
 
Life insurance rider that allow for early payment of some portion of policy's face amount, should the insure...
Preview 3 out of 18 pages
Add to cartState Farm Property Exam Questions with 100% Correct Answers 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
Absolute Assignment 
 
 
Life insurance rider that allow for early payment of some portion of policy's face amount, should the insure...
State Farm Property Exam Questions with 100% Correct Answers 
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. 
Abandonment Condition 
 
 
A loss that occurs at a spe...
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Add to cartState Farm Property Exam Questions with 100% Correct Answers 
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. 
Abandonment Condition 
 
 
A loss that occurs at a spe...
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