Damage appraisal l - Study guides, Class notes & Summaries

Subrogation correct answersOne insurance company sues another to recover cost to repair insured's car Release correct answersTwo insurance companies agreed or insured agrees ACV correct answersActual Cash Value, cost new less depreciation Arbitration correct answersOnly way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK correct answersLike, Kind, Quality Solenoid correct answersLocated between battery and starter motor Exhaust correct ans...

PA Appraisal License 16-20 Auto Physical Damage questions and answers A+ score assured 2024/2025

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe 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 Actual Cash Value (ACV) - ANSWERSA valuation method used by...

PA Appraisal License Auto Physical Damage Q&A UPDATED In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - ANSWER Medical Information The device that synchronizes the spark plug firing sequence is: - ANSWER Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - ANSWER Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-en...

Damage Appraisal License Test With Complete Solutions 100% 2023/2024

Subrogation - Answer-One insurance company sues another to recover cost to repair insured's car Release - Answer-Two insurance companies agreed or insured agrees ACV - Answer-Actual Cash Value, cost new less depreciation Arbitration - Answer-Only way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK - Answer-Like, Kind, Quality Solenoid - Answer-Located between battery and starter motor Exhaust - Answer-Parts-CAT converter, muffler, pipes, e...

DAMAGE APPRAISAL LICENSE TEST

Subrogation - correct answer One insurance company sues another to recover cost to repair insured's car Release - correct answer Two insurance companies agreed or insured agrees ACV - correct answer Actual Cash Value, cost new less depreciation Arbitration - correct answer Only way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK - correct answer Like, Kind, Quality Solenoid - correct answer Located between battery and starter motor Exhaust...

Damage Appraisal License Test- Complete Questions & Answers (100% Verified) Damage Appraisal License Test- Complete Questions & Answers (100% Verified) Subrogation - ANSWER - One insurance company sues another to recover cost to repair insured's car Release - ANSWER - Two insurance companies agreed or insured agrees ACV - ANSWER - Actual Cash Value, cost new less depreciation Arbitration - ANSWER - Only way in insurance policy to dispute claim amount. Two appraisers agree or go to ...

Damage Appraisal License Test Exam Questions and Answers 100% Solved Subrogation - One insurance company sues another to recover cost to repair insured's car Release - Two insurance companies agreed or insured agrees ACV - Actual Cash Value, cost new less depreciation Arbitration - Only way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK - Like, Kind, Quality Solenoid - Located between battery and starter motor Exhaust - Parts-CAT converter, muf...