State Farm Property (StateFarmProperty)

The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State Farm Property Test 100- Correct Answers.

In property insurance actual cash value is defined as which of the following - Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - the cause of loss insured against What is a leading factor in the determination of actual cash value - replacement cost Replacement cost is defined as - full replacement of property at its current cost, new and without reduction for depreciation Property insurance that provides 100k coverage for a building and 50k coverage fo...

State Farm Property Test 100% Verified Correct Answers 1. In property insurance actual cash value is defined as which of the follow- ing:correct answer: Replacement cost at the time of the loss, less depreciation 2. Peril is most easily defined as:correct answer: the cause of loss insured against 3. What is a leading factor in the determination of actual cash value:correct answer: replace- ment cost 4. Replacement cost is defined as:correct answer: full replacement of property at its...

Insurance Adjuster Exam Questions And Answers Which kind of losses are covered under a standard fire policy? - ANS Direct All fires are not covered by the Standard Fire policies, only those that: - ANS are hostile and have a flame or glow At what time does a fire policy go into effect? - ANS 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is th...

Insurance Adjusting Exam Questions And Answers 10% removal squares by 1.10 - ANS Gable roofs have what waste factor so multiply what by what? 15% removal squares by 1.15 - ANS Hip roofs have what waste factor so multiply what by what? .33, .67, or whole number - ANS Always round composition and laminate shingle replacement to? .25, .50, .75, or whole number - ANS Always round wood shingle replacement to? Up- eave to ridge + eave to ridge Over- length of ridge - ANS ...

State farm auto external claim Resource Certification Exam Questions And Answers 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 ...

State Farm Estimatics Exam Questions And Answers Removal of shingles estimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles a) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ for composite shingles -Assume 4 bundles per SQ for wood What do wood shingle estimates always end with? fourths. .25, .5, .75, .00 What do composite shingle estimates always end w...

State Farm Estimatics Exam Questions And Answers The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.