State farm auto - Study guides, Class notes & Summaries

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...

State farm auto external claim Resource Certification Exam Questions and Answers (2024 / 2025) (Verified Answers)

State Farm Auto Exam 2024 Questions with 100% Correct Answers | Verified | Latest Update

State farm auto external claim Resource Certification Exam Questions and Answers (latest Update 2024)

STATE FARM AUTO EXTERNAL CLAIM RESOURCE CERTIFICATION EXAM QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS with A+ What is State Farms promise of customer satisfaction on recycled sheet metal? A.)For as long as your own your vehicle B.)One year

ACV ANS: actual cash value After Market Parts ANS: Parts produced by a 3rd party for use on automobiles. Betterment ANS: An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL ANS: Blend Blend ANS: This operation is equal to half the RF time on a panel. Blend would be necessary if an adjacent panel required some paint so the color would match. If damage is within 18" of an adjacent panel then blend. Allow ...

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 cases, the vehicle owner selects the facility that will perform repairs. PCPs - ANSWER State Farm uses a continuous survey that gives repairers the opportunity to provide information online. The...

State farm auto external claim Resource Certification Exam | 100% Correct Answers | Verified | Latest 2024 Version

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State Farm Auto Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Auto Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Auto Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Auto Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Auto Exam Questions and Answers (2024 / 2025) (Verified Answers)