State Farm ( ESTIMATICS | Acronyms/ Fire | PROPERTY) BUNDLED EXAMS~~~ Download to score A+

1. Removal of shingles: estimate for the actual number of squares (not square feet). No estimating or rounding 2. Replacement of shingles: a) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ for composite shingles -Assume ...

Select Service Program - CORRECT 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 repairers to inspect and...

In property insurance actual cash value is defined as which of the following - CORRECT ANS Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - CORRECT ANS the cause of loss insured against What is a leading factor in the determination of actual c...

In property insurance actual cash value is defined as which of the following - CORRECT ANS Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - CORRECT ANS the cause of loss insured against What is a leading factor in the determination of actual c...

collapse - CORRECT ANS coverage involving a building, or any part of the it suddenly falling into pieces or entirely falling down must be directly caused by - perils described in section 1 losses insures, and coverage b personal property - hidden decay - hidden insect damage - weight of...

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 does not rebuild, the time necessary for...

1. Standard Fire Policy: - the policy written for both Personal Lines (residential home or dwelling) or as Commercial Lines (official building) are the same! - fire insurance is another name for property insurance - can insure the building structure and/or the personal property. - not a HO policy...

AAL - CORRECT ANS Agency Administrative Leader AAS - CORRECT ANS Agent Advertising System ABS - CORRECT ANS Agent Business System ADA - CORRECT ANS Agent's Draft Authority AIP - CORRECT ANS Auto Insurance Plan RMP - CORRECT ANS Residual Market Plan AMS - ...