Adjuster glossary - Study guides, Class notes & Summaries

ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Accumulated Depreciation 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) 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 One of the characteristics of an insurance contra...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Questions with Correct Answers Commercial Property Floater - Answer-A means of protecting a business' property that is not in one fixed location. Common Law - Answer-Based on court decisions and customs when statutory law does not provide an answer; creates precedent. Compensatory Damages - Answer-Money awarded in civil court for tangible and intangible damages caused by a policyholder Compensatory damages -Special - Answer-Mon...

Adjuster Pro-Florida Certified Adjuster Glossary Exam Questions with Correct Answers..Adjuster Pro-Florida Certified Adjuster Glossary Exam Questions with Correct Answers..

ADJUSTER PRO - FLORIDA CERTIFIED ADJUSTER GLOSSARY QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Accumulated Depreciation 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) 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 One of the characteristics of an insurance contra...

Texas Insurance Adjuster Glossary

ADJUSTER PRO FLORIDA CERTIFIED ADJUSTER GLOSSARY 2023-2024 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. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - CORRECT ANSWER-One of the characteristics of ...

Adjuster Pro-Florida Certified Adjuster Glossary Exam Questions with Correct AnswersAdjuster Pro-Florida Certified Adjuster Glossary Exam Questions with Correct Answers

Adjuster Pro - Florida Certified Adjuster Glossary _ Q&A

Adjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAdjuster Pro - Florida Certified Adjuster Glossary with Complete SolutionsAccumulated 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...

Adjuster Pro - Florida Certified Adjuster Glossary**