State Farm Property Exam All Questions And Answers with 100% Correct Answers Graded A+

State Farm Property Exam Questions with 100% Correct Answers 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 facto...

State Farm Property Exam Questions with 100% Correct Answers Depreciation reduction in value, particularly due to wear and tear Exposure susceptibility to risk Implied Warranty A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...

State Farm Property Exam Questions with 100% Correct Answers Depreciation reduction in value, particularly due to wear and tear Exposure susceptibility to risk Implied Warranty A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers ...

State Farm Property Exam Questions with 100% Correct Answers Absolute Assignment Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider Life insurance rider that allow for early payment of some portion of policy's fa...

State Farm Property Exam Questions with 100% Correct Answers which of the following refers to being restored to the financial condition you were in before a loss? indemnification mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from ...

State Farm Property Exam Questions with 100% Correct Answers Who owns thier renewals Independents Events that may NOT be recovered by insurance are Gambling, investing, market value of home What underlying coverages typically are required for an umbrella Auto and Personal Conditio...

State Farm Property Exam Questions with 100% Correct Answers How long is the waiting period after the application has been accepted before flood coverage goes into effect? the waiting period is 30 days as required by the Nation flood insurance program which of the following Is covered under t...

State Farm Property Exam Questions with 100% Correct Answers Policy assignment when assignee receives full control over the policy and full rights to its benefits. Absolute Assignment Life insurance rider that allow for early payment of some portion of policy's face amount, should the insure...

State Farm Property Exam Questions with 100% Correct Answers 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. Abandonment Condition A loss that occurs at a spe...