STATE FARM PROPERTY & CASUALTY EXAM BUNDLE WITH COMPLETE SOLUTIONSSTATE FARM PROPERTY & CASUALTY EXAM BUNDLE WITH COMPLETE SOLUTIONSSTATE FARM PROPERTY & CASUALTY EXAM BUNDLE WITH COMPLETE SOLUTIONSSTATE FARM PROPERTY & CASUALTY EXAM BUNDLE WITH COMPLETE SOLUTIONSSTATE FARM PROPERTY & CASUALTY EXAM...
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In property insurance actual cash value is defined as which of the following - ANSWERSReplacement cost at the time of the loss, less depreciation Peril is most easily defined as - ANSWERSthe cause of loss insured against What is a leading factor in the determination of actual cash value - ANSW...
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Add to cartIn property insurance actual cash value is defined as which of the following - ANSWERSReplacement cost at the time of the loss, less depreciation Peril is most easily defined as - ANSWERSthe cause of loss insured against What is a leading factor in the determination of actual cash value - ANSW...
duties of the insured - ANSWERS1. 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 und...
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Add to cartduties of the insured - ANSWERS1. 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 und...
duties of the insured - ANSWERS1. 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 und...
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Add to cartduties of the insured - ANSWERS1. 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 und...
Abandonment Condition - ANSWERSA 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 - ANSWERSA loss that occurs at a specific time and place Actual Cash Va...
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Add to cartAbandonment Condition - ANSWERSA 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 - ANSWERSA loss that occurs at a specific time and place Actual Cash Va...
Special Limits of Liability for 1. money - ANSWERS$200 for money or coins whats covered under dwelling - ANSWERStures 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 ...
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Add to cartSpecial Limits of Liability for 1. money - ANSWERS$200 for money or coins whats covered under dwelling - ANSWERStures 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 ...
What are Special Limits of Liability? - ANSWERSThese limits do not increase the Coverage B limit. The special limit for each of the following categories is the total limit for each loss for all property in that category: money, coins and medals, including any of these that are a part of a collec...
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Add to cartWhat are Special Limits of Liability? - ANSWERSThese limits do not increase the Coverage B limit. The special limit for each of the following categories is the total limit for each loss for all property in that category: money, coins and medals, including any of these that are a part of a collec...
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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Add to cartThe 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.
Removal of shingles - ANSWERSestimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles - ANSWERSa) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ for composite shi...
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Add to cartRemoval of shingles - ANSWERSestimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles - ANSWERSa) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ for composite shi...
Competitive Bids - ANSWERSThe 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 ...
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Add to cartCompetitive Bids - ANSWERSThe 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 ...
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