Actual cash value acv - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Actual cash value acv? On this page you'll find 1716 study documents about Actual cash value acv.
Page 4 out of 1.716 results
Sort by
-
Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES
- Exam (elaborations) • 19 pages • 2022
- Available in package deal
-
- $10.49
- 2x sold
- + learn more
Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
 
Adhesion Correct Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets t...
-
Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions
- Exam (elaborations) • 52 pages • 2023
-
- $20.98
- 1x sold
- + learn more
Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
A public adjuster represents the interest of: 
A. The insurer 
B. The Insured 
C. The employer 
D. The interest of the general public - Correct Answer -B. The insured 
Which of the following is the type of report that indicates the initial results of 
a claim investigation? 
A. Field Report 
B. Interim Report 
C. Full Re...
-
Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023.
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $10.49
- 1x sold
- + learn more
Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. 
Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
 
Adhesion - ANSWER One of the characteristics of an insurance contrac...
-
Claims Adjuster Exam 1 || with 100% Errorless Solutions.
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $10.79
- + learn more
Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. 
 
Combined Single Limit correct answers One limit per occurrence is what we pay up to 
 
Split limit correct answers What we pay up to per person and per occurrence 
 
Deductible correct answers What the customer will have to pay; we cover everything else 
 
Declarations Page (Dec Page) correct answers The basic information about a policy: 
Who - names of insurer and in...
-
RMIN4000 FINAL EXAM BROWN Questions And Answers Already Graded A+
- Exam (elaborations) • 53 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
Actual Cash Value - Replacement Cost minus Depreciation. 
Depreciation (%) = Age/Useful Life 
ACV = RC - Depreciation 
Highest depreciation is usually 80% 
In property insurance, indemnification is usually based on the actual cash value of the property at the 
time of the loss. 
EXAMPLE: Roof installed in 2012 for $5000 & has a useful life of 20 years. It will cost $6000 to replace 
based on current costs. After depreciation, the ACV is $3600. Depreciation is 40% (8 years old / 20 year 
useful l...
Want to regain your expenses?
-
Texas Property & Casualty Adjusters Study Questions EXAM ALL QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+ (BRAND NEW!!
- Exam (elaborations) • 24 pages • 2024
-
- $17.99
- + learn more
Texas Property & Casualty Adjusters 
Study Questions EXAM ALL QUESTIONS AND 
CORRECT DETAILED ANSWERS |ALREADY GRADED 
A+ (BRAND NEW!! 
What is the formula for figuring Actual Cash Value(ACV)? 
- CORRECT ANSWER Replacement cost minus 
depreciation equals ACV 
Define the appraisal process. When would the appraisal 
process be appropriate? - CORRECT ANSWER Used 
for value disputes. Each party selects an appraiser & 
umpire to make the decision. 
Which Personal Auto Policy coverage covers L...
-
Texas All Lines Adjuster Test
- Other • 21 pages • 2023
-
- $12.99
- + learn more
Accumulated Depreciation - Answer- The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Acreage Reporting Date - Answer- The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 
 
Actual Cash Value (ACV) - Answer- A valuation method used by insurers to reflect an item's current market value right before being damaged or ...
-
Adjuster Pro - Florida Certified Adjuster Glossary Latest 2024/2025 Questions & Answers Verified Answers (100% CORRECT ANSWERS)
- Exam (elaborations) • 19 pages • 2024
- Available in package deal
-
- $10.99
- + learn more
Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
 
Adhesion - ANSWER One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, an...
-
Texas All Lines Adjuster Quiz Latest 2023 / 2024; ALL Correct Answers
- Exam (elaborations) • 26 pages • 2023
- Available in package deal
-
- $7.99
- + learn more
Texas All Lines Adjuster Quiz 
 
Standard Fire Policy, Personal property loss, Dwelling loss, Home Owners - A provides coverage A (structure) and Coverage B (personal property contents), Special Limits of Liability, Invitee, Licensee, Trespasser, Bailee, Coverage C, Coverage D, Surety Bond, indemnity, additional living expense ALE, FEMA, Inland Marine, Ocean Marine, surety bond, Fidelity Bond, HO-A, ACV Actual Cash Value, Policy holder, Insurance company, stated limit, Errors & Omission's, Prof...
-
All Lines Texas Adjuster Exam Questions & Answers Study Guide (Latest 2023 / 2024); Check & Graded A
- Exam (elaborations) • 38 pages • 2023
- Available in package deal
-
- $7.99
- + learn more
All Lines Texas Adjuster Exam Questions & Answers Study Guide 
 
express authority, law of urgency, Dual capacity claims, personal auto policy, Personal Umbrella policy, Arbitration (ADR), Mediation, Building and Personal Property Coverage Form, Foreseeability Test, ACV (Actual Cash Value), Bid bonds/surety bonds, Commercial Building & Personal Property coverage form, Commercial Inland Marine policy, mutual insurance company, NAIC Model Unfair Claim Settlement Practices Act, Garage Coverage Form...
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia