Course State Farm Property

State Farm Insurance License Exam Questions and Answers 2024/2025 complete solution ( A+ GRADED 100% VERIFIED) Abandonment Condition - ANS 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 - ANS A loss that occurs at a specific time and place Actual Cash Value (ACV) - ANS Today's replacement cost minus depreciation. Depreciation from wear and tear, o...