State Farm Property
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Latest content State Farm Property
State Farm Estimatics Exam 100%Solved 2024 
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
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State Farm Property•State Farm Property
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STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
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State Farm Estimatics Exam 100%Solved 2024 
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
final property exam Perfectly solved 2024 
Which of the following best defines the term risk? 
 
a. Causes a loss 
b. Brings loss about 
c. Increases chances of a loss 
d. Uncertainty of loss - CORRECT ANS-d. Uncertainty of loss 
 
An owner-occupied home has a replacement cost of $500,000 and an actual cash value of $400,000. To assure that the replacement cost provision in the policy applies, what is the minimum the home must be insured for? 
 
a. 75% of the RC 
b. $320,000 
c. 75% of the ACV 
...
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final property exam Perfectly solved 2024 
Which of the following best defines the term risk? 
 
a. Causes a loss 
b. Brings loss about 
c. Increases chances of a loss 
d. Uncertainty of loss - CORRECT ANS-d. Uncertainty of loss 
 
An owner-occupied home has a replacement cost of $500,000 and an actual cash value of $400,000. To assure that the replacement cost provision in the policy applies, what is the minimum the home must be insured for? 
 
a. 75% of the RC 
b. $320,000 
c. 75% of the ACV 
...
State farm auto external claim Resource Certification Exam Perfectly Ansewered 2024 
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 statement. 
Select the single best answer: 
 
A. Overlap would not be applicable on the hood refinish time as it's the ...
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State Farm Property•State Farm Property
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STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
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State farm auto external claim Resource Certification Exam Perfectly Ansewered 2024 
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 statement. 
Select the single best answer: 
 
A. Overlap would not be applicable on the hood refinish time as it's the ...
State Farm Insurance License Exam Perfectly Solved 2024 
Abandonment Condition - CORRECT ANS-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 - CORRECT ANS-A loss that occurs at a specific time and place 
 
Actual Cash Value (ACV) - CORRECT ANS-Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. 
 
admitted i...
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State Farm Property•State Farm Property
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STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
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State Farm Insurance License Exam Perfectly Solved 2024 
Abandonment Condition - CORRECT ANS-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 - CORRECT ANS-A loss that occurs at a specific time and place 
 
Actual Cash Value (ACV) - CORRECT ANS-Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. 
 
admitted i...
State Farm Property 100%Sure 2024 
In property insurance actual cash value is defined as which of the following -CORRECT ANS-Replacement cost at the time of the loss, less depreciation 
 
Peril is most easily defined as -CORRECT ANS-the cause of loss insured against 
 
What is a leading factor in the determination of actual cash value -CORRECT ANS-replacement cost 
 
Replacement cost is defined as -CORRECT ANS-full replacement of property at its current cost, new and without reduction for deprec...
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State Farm Property•State Farm Property
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STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
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State Farm Property 100%Sure 2024 
In property insurance actual cash value is defined as which of the following -CORRECT ANS-Replacement cost at the time of the loss, less depreciation 
 
Peril is most easily defined as -CORRECT ANS-the cause of loss insured against 
 
What is a leading factor in the determination of actual cash value -CORRECT ANS-replacement cost 
 
Replacement cost is defined as -CORRECT ANS-full replacement of property at its current cost, new and without reduction for deprec...
State Farm Auto Exam Perfectly Solved 2024 
Competitive Bids -CORRECT ANS-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 -CORRECT ANS-State Farm uses a continuous 
survey that gives repairers...
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State Farm Property•State Farm Property
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STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
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State Farm Auto Exam Perfectly Solved 2024 
Competitive Bids -CORRECT ANS-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 -CORRECT ANS-State Farm uses a continuous 
survey that gives repairers...
State Farm Estimatics Exam 2024 
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
- Package deal
- Exam (elaborations)
- • 7 pages's •
-
State Farm Property•State Farm Property
-
STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
Preview 2 out of 7 pages
Getting your document ready...
State Farm Estimatics Exam 2024 
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
State Farm Property Questions and Answers (Verified Answers) 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insuranc...
- Exam (elaborations)
- • 3 pages's •
-
State Farm Property•State Farm Property
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State Farm Property Questions and Answers (Verified Answers) 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Property insuranc...
State Farm Property Exam Questions and Answers 2023/2024 | 100% Verified Answers 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciatio...
- Exam (elaborations)
- • 3 pages's •
-
State Farm Property•State Farm Property
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State Farm Property Exam Questions and Answers 2023/2024 | 100% Verified Answers 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciatio...
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
- Package deal
- Exam (elaborations)
- • 7 pages's •
-
State Farm Property•State Farm Property
-
STATE FARM PROPERTY EXAM BUNDLE WITH COMPLETE SOLUTION 2024• By Blessedmercy
Preview 2 out of 7 pages
Getting your document ready...
The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.