State Farm Estimatics Exam Correct Questions & Answers!!PACKAGE DEAL

Abandonment Condition - ANSWER A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - ANSWER A loss that occurs at a specific time and place Actual Cash Va...

Area of triangle - ANSWER 1/2 base x height Area of trapezoid - ANSWER [(Base1 + Base2)÷2] × height Area of circle - ANSWER Pie x r2 Top chord - ANSWER Serves as a roof rafter Bottom Chord - ANSWER Serves as a ceiling joist Span - ANSWER Length of bottom chord

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...

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

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...

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

Select Service Program - ANSWER 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 estimate ...

Area of a square or rectangle - ANSWER Base x Height Area of a triangle - ANSWER 1/2 (Base x Height) Area of a trapezoid - ANSWER [(Base1 + Base2) / 2] x Height Area of a circle - ANSWER pi (3.14) x radius of the circle Top chord - ANSWER serves as a roof rafter Bottom chord - 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 refinish time as it's an adjacent major panel.

Hi my name is John from your local state farm agent - ANSWER The reason for this call is i see we have quoted you in the past and the great news is we have had a significant rate adjustment and some people are saving up to 40% in addition to it being really easy to switch to state farm. We can get y...

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 ...

Painting - ANSWER Measured on square feet New dry wall needs EITHER primer then one coat of paint, or two coats of paint. Trusses - ANSWER Measured in linear feet REMOVE OR REMOVE AND REPLACE? Span=building width "On center" tells you how far part each truss is Slope is used for selector c...

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 ...

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...