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Exam (elaborations)

State Farm Actual Auto Exam Questions and Answers

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State Farm Actual Auto Exam Questions and Answers ICAR - Answer-Inter Industry Conference on Auto Collision Repair. Determining Repair Costs - Answer-The prices we pay for most repair operations will be determined from printed or electronic collision estimating guides and repair facility survey results. However, it is not possible to determine the cost of every repair operation from these sources. For example, when estimating a sheet metal or other repair operation, the labor estimate is based on judgment time. When estimating judgment time, it should follow what is competitive in the local market to repair the vehicle in a quality manner. Estimats are based on - Answer-Estimates written or approved by State Farm are based on labor rates and repair costs not to exceed what is charged by a majority of the repair market in a given area. Contracts with repairers - Answer-We do not enter into contracts with repairers on individual repair jobs on a fixed or "contract" repair job basis. We pay for the estimated cost of repair based on physical damage caused as a result of the loss.

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Institution
State Farm
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Uploaded on
March 10, 2024
Number of pages
4
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • icar

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