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State Farm Auto Adjuster, Insurance and Estimatics 2023

State Farm Auto Adjuster, Insurance and Estimatics 2023

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State Farm Auto Exam

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State Farm Auto Exam 2023 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 basi...

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State Farm Independent Auto Exam

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State Farm Independent Auto Exam 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 ...

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State Farm Auto Adjuster Certification

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State Farm Auto Adjuster Certification ACV Ans- actual cash value After Market Parts Ans- Parts produced by a 3rd party for use on automobiles. Betterment Ans- An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL Ans- B...

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State farm auto external claim Resource Certification Exam

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State farm auto external claim Resource Certification You're preparing an estimate on a customer's vehicle that requires refinishing of the hood and right front fender only. The hood is the first panel listed on the estimate. According to most Collision Estimating Guides, would refinish ove...

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State Farm Estimatics Exam

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State Farm Estimatics Exam The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

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Insurance Adjuster Exam

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Insurance Adjuster Exam All Answers Correct Which kind of losses are covered under a standard fire policy? Ans- Direct All fires are not covered by the Standard Fire policies, only those that: Ans- are hostile and have a flame or glow At what time does a fire policy go into affect? Ans- 12:01...

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State Farm Insurance License Exam

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State Farm Insurance License Exam 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 tim...

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State Farm Property

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State Farm Property 2023/2024 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 act...

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State Farm Fire Independent Policy Exam

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State Farm Fire Independent Policy Exam Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured d...

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State Farm Auto Policies

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State Farm Auto Policies A: Liability Ans- Protection againsy lawsuits if I am at fault in an auto accident Liability 100/300. (100?) Ans- $100,000 of lawsuit protection in at fault accident if ONE claimant is suing Ex.) I hit Mikey and he is suing me for $120,000 for his neck injury. I am cover...

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Soc 101 Straighter line final

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SOC 101 Straighter line final Émile Durkheim's explanation of suicide was scientific because he Select one: a. developed conclusions based on a systematic examination of data. b. carefully studied the personalities of hundreds of suicide victims. c. worked in a university setting. d. divided...

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Auto Insurance Exam

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Auto Insurance Exam Owned Autos Ans- Eligible vehicles titles by the insured or aquiered during the policy period Non Owned Autos Ans- Any private passenger auto, pickup van or trailer operated by or in the custody of the named insured or family member, but are not titled by or furnished for reg...

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State Farm Fire Independent Policy Exam

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State Farm Fire Independent Policy Exam 2023 Complete Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If...

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