Damage appraisal license - Study guides, Class notes & Summaries

Subrogation correct answersOne insurance company sues another to recover cost to repair insured's car Release correct answersTwo insurance companies agreed or insured agrees ACV correct answersActual Cash Value, cost new less depreciation Arbitration correct answersOnly way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK correct answersLike, Kind, Quality Solenoid correct answersLocated between battery and starter motor Exhaust correct ans...

Damage Appraisal License Test With Complete Solutions 100% 2023/2024

PA Appraisal License 16-20 Auto Physical Damage Exam 2023-2024...

PA Appraisal License Auto Physical Damage Q&A UPDATED In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - ANSWER Medical Information The device that synchronizes the spark plug firing sequence is: - ANSWER Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - ANSWER Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-en...

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trunk floor The quarter panels The frame rails The frame rails In auto p...

Subrogation - correct answer One insurance company sues another to recover cost to repair insured's car Release - correct answer Two insurance companies agreed or insured agrees ACV - correct answer Actual Cash Value, cost new less depreciation Arbitration - correct answer Only way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK - correct answer Like, Kind, Quality Solenoid - correct answer Located between battery and starter motor Exhaust...

Applicant Age - ANSWER-18 years or older How long do you have to wait to be eligible to retake an examination if you fail? - ANSWER-30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: - ANSWER-Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Experience and Fitness requirements for Licensing - ANSWER--A mi...

Subrogation - Answer-One insurance company sues another to recover cost to repair insured's car Release - Answer-Two insurance companies agreed or insured agrees ACV - Answer-Actual Cash Value, cost new less depreciation Arbitration - Answer-Only way in insurance policy to dispute claim amount. Two appraisers agree or go to umpire LQK - Answer-Like, Kind, Quality Solenoid - Answer-Located between battery and starter motor Exhaust - Answer-Parts-CAT converter, muffler, pipes, e...