New York State Auto Damage and Theft quiz 17-71 Exam 2023 with complete solution

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss - Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trunk floor The quarter panels The frame rails - The frame rails In auto physical damage insurance, an insured peril cause of loss is known as: Direct loss Indirect loss Loss evaluation Consequential loss - Direct loss If an appraiser has to forfeit his bond in New York. The amount of the bond is: $500 $1000 $2000 $5000 - $1000 Which of the following is NOT a true statement regarding auto appraisers?