State farm auto Study guides, Study notes & Summaries

ACV - actual cash value After Market Parts - Parts produced by a 3rd party for use on automobiles. Betterment - An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL - Blend Blend - This operation is equal to half the RF time on a panel. Blend would be necessary if an adjacent panel required some paint so the color would match. If damage is within 18" of an adjacent panel then blend. Allow 36" if it is a metallic or...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

ACV actual cash value After Market Parts Parts produced by a 3rd party for use on automobiles. Betterment An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL Blend Blend This operation is equal to half the RF time on a panel. Blend would be necessary if an adjacent panel required some paint so the color would match. If damage is within 18" of an adjacent panel then blend. Allow 36" if i...

State Farm Auto External Claim Resource Certification Exam

State farm auto external claim Resource Certification Exam

State Farm Auto Exam Questions & Answers 2023(A+GRADED 100%VERIFIED)

ACV ANS: actual cash value After Market Parts ANS: Parts produced by a 3rd party for use on automobiles. Betterment ANS: An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL ANS: Blend Blend ANS: This operation is equal to half the RF time on a panel. Blend would be necessary if an adjacent panel required some paint so the color would match. If damage is within 18" of an adjacent panel then blend. Allow ...