Bap final - Study guides, Class notes & Summaries

Trespasser Enters owners property without consent Licensee has owners implicit permission to be on property Invitee Has owners explicit permission to be on property. Permitted Incidental Occupancies Endorsement HO 04 42 Covers incidental types of business conducted on residence premises Punitive Damages Amount required to pay as punishment for committing a civil wrong in a deliberate manner. Breach of Duty of Care If duty of care established must figure out if it's been breached....

Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

Accumulated Depreciation The total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Actual Cash Value (A...

Claims Adjuster Glossary of Terms [Complete Study] 100% Correct Accumulated Depreciation *Ans*The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) *Ans*A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion *Ans*One of the characteristics of an insurance con...

BAP Final Exam Test Questions With Correct Answers Graded A+ A researcher is investigating that relationship between the existing species diversity in a community and the ability of an introduced non-native species to destabilize the community. Which of the following graphs is most consistent with the claim that communities with high diversity are more resistant to change than are communities with low diversity?as species diversity increases, survival of invaders decreases because mor...

ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY 2024 UPDATE|250+ QUESTIONS AND ANSWERS |ESSENTIAL FOR FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024/2025. Accumulated Depreciation -- CORRECT ANSWER->> The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) -- CORRECT ANSWER->> A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formu...

Texas All Lines Adjuster Test 2024 Verified Questions Graded A+ Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) A valuation method used by insurers to reflect an item's current m...

Texas All Lines Adjuster Test Latest 2024 Graded A Accumulated Depreciation - Answer ️️ -The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer ️️ -The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - Answer ️️ -A valuation method used by insurers t...

Adjuster Pro - Florida Certified Adjuster Glossary Updated 2024 Accumulated Depreciation - Ans:-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - Ans:-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Ans:-One of the characteristics of an insurance contract. Me...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) A valuation method used by insurers to reflect an item's current ...