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State Farm Property 2024 Exam Verified 100% solutions 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insurance that pr...
- Package deal
- Exam (elaborations)
- • 9 pages's •
State Farm Property 2024 Exam Verified 100% solutions 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insurance that pr...
state farm property exam (Mamas Test)| Answered 100% Correctly| Updated 
under an FP-7955 policy, deductibles apply to which of the following types of losses. 
B. Fire department service charges 
in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? 
B. False 
Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...
- Package deal
- Exam (elaborations)
- • 33 pages's •
state farm property exam (Mamas Test)| Answered 100% Correctly| Updated 
under an FP-7955 policy, deductibles apply to which of the following types of losses. 
B. Fire department service charges 
in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? 
B. False 
Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...
State Farm Property 2024 Exam Verified 100% solutions 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insurance that pr...
- Package deal
- Exam (elaborations)
- • 9 pages's •
State Farm Property 2024 Exam Verified 100% solutions 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insurance that pr...
state farm property exam (Mamas Test)| Answered 100% Correctly| Updated 
under an FP-7955 policy, deductibles apply to which of the following types of losses. 
B. Fire department service charges 
in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? 
B. False 
Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...
- Package deal
- Exam (elaborations)
- • 33 pages's •
state farm property exam (Mamas Test)| Answered 100% Correctly| Updated 
under an FP-7955 policy, deductibles apply to which of the following types of losses. 
B. Fire department service charges 
in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? 
B. False 
Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the foll...
STATE FARM PROPERTY EXAM | QUESTIONS AND 
ANSWERS | GRADED A+ | | SUCCESS IN 
YOUR EXAM 
In property insurance actual cash value is defined as which of 
the following Replacement cost at the time of the loss, less 
depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual 
cash value replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without 
reduction f...