State Farm Property (StateFarmProperty)

State Farm Independent Auto Exam Questions And Answers 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 repairers to inspect and estimate vehicle damage Paintless Dent repair - ANS Paintless Dent Repair (PDR) is an industry recognized repair process that involves the remov...

State Farm Auto Exam Questions And Answers 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 basis for settlement. In all cases, the vehicle owner selects the facility that will perform repairs. PCPs - ANS State Farm uses a continuous survey that gives repairers th...

State farm certification - claims adjuster Exam Questions And Answers Special Limits of Liability for 1. money - ANS $200 for money or coins whats covered under dwelling - ANS tures attached to dwelling ials/supplies on or adjacent to residence premises for construction use or alteration of the premises. ation, footings, floor slabs supporting dwelling -wall to wall carpeting other structures separated by clear space are.... such as - ANS covered. Structures connected ...

State Farm Insurance License Exam Questions And Answers 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, or obsolescence. admitted insurer; author...

State Farm Property Exam Questions And Answers 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 actual cash value - ANS replacement cost Replacement cost is defined as - ANS full replacement of property at its current cost, new and without reduction for deprec...

State Farm Acronyms/ Fire Exam Questions And Answers AAL - ANS Agency Administrative Leader AAS - ANS Agent Advertising System ABS - ANS Agent Business System ADA - ANS Agent's Draft Authority AIP - ANS Auto Insurance Plan RMP - ANS Residual Market Plan AMS - ANS Account Management System AOC - ANS Agent Office Catalog APA - ANS Automated Payment Authorization ARRP - ANS accident record rating plan ASR - ANS agency sales resourc...

STATE FARM PROPERTY AND CASUALTY EXAM QUESTIONS AND ANSWERS duties of the insured - ANS 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 property and allow the insurance company to inspect the undamaged property as well as the insured's books and records 6. the i...

State Farm License- Standard Fire Policy Exam Questions And Answers Standard Fire Policy - the policy written for both Personal Lines (residential home or dwelling) or as Commercial Lines (official building) are the same! - fire insurance is another name for property insurance - can insure the building structure and/or the personal property. - not a HO policy since it does not cover theft of content and does not have liability coverage - never sold w/o adding Endorsement to ...

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