Course State Farm Property
Liberty University
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State Farm Insurance License Exam Questions and Answers 2024/2025 complete solution ( A+ GRADED 100% VERIFIED)
- Exam (elaborations) • 34 pages • 2024
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State Farm Insurance License Exam Questions and Answers 2024/2025 complete solution ( A+ GRADED 100% VERIFIED)
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 time and place Actual Cash Value (ACV) - ANS Today's replacement cost minus depreciation. Depreciation from wear and tear, o...
Exam (elaborations)
State Farm Insurance License Exam Questions and Answers 2024/2025 complete solution ( A+ GRADED 100% VERIFIED)
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State Farm Insurance License Exam Questions and Answers 2024/2025 complete solution ( A+ GRADED 100% VERIFIED) 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 time and place Actual Cash Value (ACV) - ANS Today's replacement cost minus depreciation. Depreciation from wear and tear, o...
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