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Exam (elaborations)

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True or False State Farm's Select Service Program is not typically utilized for the handling of catastrophe claims - Answers-A ) True Match the following prior damage indicators with the correct description 1 Prior Damage exists Damage involving both glass and other than glass Y damage C Catastrophe - Answers-description Correct Answers : 1 Damage involving both glass and other than glass damage Y Prior Damage exists C Catastrophe When viewing the coverage confirmation form , which of the following sho be verified ? A ) Customer name and contact information O B ) Vehicle identification number O C Whether or not there is prior damage D ) A and B only E ) All of the above - Answers-Close following Correct True or False . A blank or " N " in the prior damage section of the CCF mean there is no prior damage recorded A ) True B ) False - Answers-A ) True Which of the following coverages will most likely be utilized when working catastrophe claims ? A ) Comprehensive ( aka Other Than Collision B ) Collision C ) Rental D ) A and C E ) All of the above - Answers-D ) A and C In this coverage string which symbol represents comprehensive cover A25 50 / 25 D500 G500 H , R1,80 % / 1000 U25 / 50 25 A ) A B ) G C ) D D ) U E ) None of the above - Answers-C ) D True or False The term loss includes the reduction in vehicle value after has been repaired A ) True B ) False - Answers-B ) False The term " loss " applies to your car and all of the following except A ) Personal laptop B ) Pickup bed toppers C ) Bug shield D ) Car seat E ) Navigation system - Answers-A ) Personal laptop A policyholder incurs a comprehensive loss . Their comprehensive coverage is listed as D500 How much is payable if the repair estimate is $ 2,500 ? A ) $ 500 B ) $ 2,500 C ) $ 1,500 D ) $ 2,000 E ) None of the above - Answers-D ) $ 2,000 The limit of liability is the lesser of : A ) The replacement cost value or the cost to repair B ) The actual cash value or the cost to repair or replace C ) The replacement cost value or the cost to repair or replace D ) The cost to repair or replace E ) None of the above - Answers-B ) The actual cash value or the cost to repair or replace Actual cash value is determined by all of the following except A ) New car replacement cost B ) Market value C ) Age and condition D ) Mileage E ) Options - Answers-A ) New car replacement cost

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