State farm auto exa - Study guides, Class notes & Summaries

State Farm Auto Exam Questions & Answers 2023(A+GRADED 100%VERIFIED)

State Farm Auto External Claim Resource Certification Exam

State farm auto external claim Resource Certification Exam

State farm auto external claim Resource Certification Exam State farm auto external claim Resource Certification Exam State farm auto external claim Resource Certification Exam

State Farm Auto Exam Cards questions and answers State Farm Auto Exam Cards questions and answers State Farm Auto Exam Cards questions and answers

State Farm Auto Exam Questions and 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 expectations Insurance Policy a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events Insurer (Princip...

Competitive Bids ~~> 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 cases, the vehicle owner selects the facility that will perform repairs. PCPs ~~> State Farm uses a continuous survey that gives repairers the opportunity to provide information onlin...

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 statement. Select the single best answer: A. Overlap would not be applicable on the hood refinish time as it's the first major panel. A refinish overlap deduction would be applicable to the fender ref...