Bundle Deal- State Farm Verified Papers

State Farm Estimatics 2023 Complete Removal of shingles estimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles a) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ f...

State Farm Insurance License Exam 2023 A+ Abandonment Condition Ans- 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 Ans- A loss that occurs at a spe...

State Farm Property 2022 2023 In property insurance actual cash value is defined as which of the following Ans- Replacement cost at the time of the loss, less depreciation Peril is most easily defined as Ans- the cause of loss insured against What is a leading factor in the determination of act...

State Farm Auto Exam Complete Guide 2023 Competitive Bids Ans- 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...

State Farm Auto Exam 2023 Competitive Bids Ans- 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 basi...

State Farm Independent Auto Exam Select Service Program Ans- 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 ...

State Farm Auto Adjuster Certification ACV Ans- actual cash value After Market Parts Ans- Parts produced by a 3rd party for use on automobiles. Betterment Ans- An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL Ans- B...

State farm auto external claim Resource Certification 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 ove...

State Farm Estimatics Exam 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.

State Farm Insurance License Exam Abandonment Condition Ans- 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 Ans- A loss that occurs at a specific tim...

State Farm Property 2023/2024 In property insurance actual cash value is defined as which of the following Ans- Replacement cost at the time of the loss, less depreciation Peril is most easily defined as Ans- the cause of loss insured against What is a leading factor in the determination of act...

State Farm Fire Independent Policy Exam 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 d...

State Farm Auto Policies A: Liability Ans- Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) Ans- $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am cover...

State Farm Fire Independent Policy Exam 2023 Complete 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...