State Farm Property Exam Bundle Full Solutions Pack

duties of the insured - ANSWER-1. 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 - ANSWER-The abdication of insured property into the hands of another, or into the possession of no one in particular. Absolute Liability - ANSWER-A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme heights. Acc...

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.

Liability - ANSWER-Protects you if you are presumed by someone else because you hurt them No Fault/One way/PLPD - ANSWER-Liability coverage only (no collision or comprehensive) Standard Collision - ANSWER-Regardless of fault insured has to pay a deductible Broad collision - ANSWER-Insured d...

Information Security and Privacy Policies - ANSWER-Establish expectations and standards for protecting information based on customer, business, market, regulatory, and technology drivers Privacy Policy - ANSWER-Intended to support compliance with State Farm privacy notices and to educate employee...

Special Limits of Liability for 1. money - ANSWER-$200 for money or coins whats covered under dwelling - ANSWER-tures 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 ...

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 overlap be applicable on the hood? Choose the most correct state...

Competitive Bids - ANSWER-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 basis for settlement. In all ...

An insured's accounts receivable records have been damaged. The loss may be covered with - ANSWER-The accounts receivable coverage form How much is covered for deris removal for HO policy additional coverages? - ANSWER-All reasonable costs Which situation would not be covered by the basic cau...

ACV - ANSWER-actual cash value After Market Parts - ANSWER-Parts produced by a 3rd party for use on automobiles. Betterment - ANSWER-An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL - ANSWER-Blend Blend - ANSW...