Vehicle Physical Damage Appraiser
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Terms in this set (219)
,True or False: Each appraiser, true
while engaged in appraisal
duties, must carry his/her
appraiser's license & display it to
an owner of the vehicle or shop
upon request:
What are the number of 6
business days you have per Act
361 to inspect vehicle?
How many days after an 5
inspection should a total loss be
offered to the owner?
,Aftermarket parts can only be The parts are listed and coded in the
used when? estimate
What is aftermarket and why is it "nonoriginal equipment manufacturer (non-
considered aftermarket? OEM) replacement part, either new or used,
for any of the nonmechanical parts that
generally constitute the exterior of the
motor vehicle, including inner and outer
panels."
a) Generic version - made by vendor for
manufacturer. Vendor also makes generic
version of same part. New part - never
used. A/M
What is the duty of the claimant Provide a date, time and facts of the loss
after the loss?
, True or False: Appraisals should True
always be signed by the
appraiser?
What is betterment? The act or process of improving something.
When a part is used on a car that makes the
car more valuable than it was prior to the
loss.
Which would be an example of Lienholder
an additional interest to the
policy?
Which is not a peril in reference Wind/hail is not a peril (fire, theft and
to auto insurance? collision are perils) ( Another exam has
collision as the answer?)