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STATE FARM BUNDLE (100% CORRECTLY ANSWERD)
STATE FARM BUNDLE (100% CORRECTLY ANSWERD)
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State Farm Property 2023 Exam Verified 100% solutions
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1. In property insurance actual cash value is defined as which of the follow- ing: Replacement cost at the time of the loss, less depreciation 2. Peril is most easily defined as: the cause of loss insured against 3. What is a leading factor in the determination of actual cash value: replace- ment ...
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Add to cart1. In property insurance actual cash value is defined as which of the follow- ing: Replacement cost at the time of the loss, less depreciation 2. Peril is most easily defined as: the cause of loss insured against 3. What is a leading factor in the determination of actual cash value: replace- ment ...
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State Farm Insurance License Exam Questions and Answers 2023 with complete solution
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1. Abandonment Condition: 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. 2. Accident: A loss that occurs at a specific time and place 3. Actual Cash Value (ACV): ...
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Add to cart1. Abandonment Condition: 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. 2. Accident: A loss that occurs at a specific time and place 3. Actual Cash Value (ACV): ...
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State Farm Fire Independent Policy Exam 2023 with verified and complete solution
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1. Select the false statement listed below: In the HO-3 policy, the ALE pay- ments 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 necessar...
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Add to cart1. Select the false statement listed below: In the HO-3 policy, the ALE pay- ments 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 necessar...
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