State Farm Fire Exam Bundle

Liability - Answer Protects you if you are presumed by someone else because you hurt them No Fault/One way/PLPD - Answer Liability coverage only (no collision or comprehensive) Standard Collision - Answer Regardless of fault insured has to pay a deductible Broad collision - Answer Insured d...

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 ...

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 state...

Who owns thier renewals - Answer Independents Events that may NOT be recovered by insurance are - Answer Gambling, investing, market value of home What underlying coverages typically are required for an umbrella - Answer Auto and Personal Conditions that prohibit assignments of the policy -...

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...

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...

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...

Insurance producer - Answer An individual or an entity authorized in writing by a lawfully qualified insurance compnay to transact, negotiate or effect contracts of insurance of behalf of that insurance company. Resident Producer - Answer Any person that lives in kansas and is licensed to transac...

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...