State Farm Property Guías de estudio, Notas de estudios & Resúmenes
¿Buscas las mejores guías de estudio, notas de estudio y resúmenes para State Farm Property? En esta página encontrarás 196 documentos de estudio para State Farm Property.
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Estimatics- State Farm (Eberls test)|Complete With A+ Graded Answers
- Examen • 5 páginas • 2024
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Estimatics- State Farm (Eberls test)|Complete With A+ Graded Answers 
Trapezoid 
{(Base1+Base2)/2}xHeight 
 
 
Triangle 
1/2(BasexHeight) 
 
 
Circle 
 
 
On-Center (O.C.) 
is the distance from the centerline of the framing member to the center of the next framing member 
 
from one framing member to the next framing member. 
t or f? T 
 
 
Roof Truss Components 
top chord, bottom cord, web, and gusset. 
know all these as the components. 
 
 
square 
base x height 
 
 
Roofing Materials 
3 tab c...
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State Farm Property Exam Questions with 100% Correct Answers
- Examen • 4 páginas • 2024
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Disponible en paquete
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State Farm Property Exam Questions with 100% Correct 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 
 
 
Pro...
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State Farm Property Exam Questions and Answers
- Examen • 4 páginas • 2024
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Disponible en paquete
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State Farm Property Exam Questions and 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 insuran...
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State Farm Insurance License Exam Questions and Answers
- Examen • 11 páginas • 2024
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State Farm Insurance License Exam Questions and Answers 
Abandonment Condition 
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 
A loss that occurs at a specific time and place 
 
 
Actual Cash Value (ACV) 
Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. 
 
 
admitted insurer; authorized insurer 
Compa...
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State Farm Exam Prep Questions and Answers
- Examen • 4 páginas • 2024
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State Farm Exam Prep Questions and Answers 
Which of the following is eligible as a private passenger vehicle? 
Sport Utility Vehicle 
 
 
What part of the MVR shows any driving offenses recieved for a violation such as a suspension or revocation? 
License status 
 
 
What action should be taken if the Motor Vehicle Report displays the message "MVR status clear"? 
Identify the license status and expiration date and note the violations to be entered in the quote/application 
 
 
Where does the ...
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State Farm Auto/Home Exam Questions and Answers
- Examen • 3 páginas • 2024
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State Farm Auto/Home Exam Questions and Answers 
Liability (A,B) 
Personal Injury Protection (PIP, P) 
Uninsured/Underinsured Motorist Coverage (U, UBI, or UPD) 
These coverages must match for the vehicles to be on the same policy. 
 
 
Liability (A,B) 
This auto coverage pays for damages due to bodily injury and property damage to others for which you are responsible. (Mandatory coverage) 
 
 
Death, Dismemberment and Loss of Sight 
This coverage pays if the covered person dies as a result of i...
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State Farm Auto Exam Questions and Answers
- Examen • 5 páginas • 2024
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State Farm Auto Exam Questions and Answers 
Depreciation 
reduction in value, particularly due to wear and tear 
 
 
Exposure 
susceptibility to risk 
 
 
Implied Warranty 
A legal term meaning that a product is suitable for its intended purpose and that it fits an ordinary buyers expectations 
 
 
Insurance Policy 
a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events 
 
 
Insurer (Princip...
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State Farm Auto Discounts Exam Questions and Answers
- Examen • 1 páginas • 2024
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State Farm Auto Discounts Exam Questions and Answers 
Good Driving Discount (GDD) 
No moving violations or at fault accidents within 3 years. (Excludes nonmoving violations like seatbelt ticket, parking ticket) 
 
 
Good Student Discount (GSD) 
Under the age of 25 and above 3.0 while full time student or taking 12+ credits per semester. 
 
 
Steer Clear Discount (SCD) 
Under age of 25 and has no moving violation tickets or at fault accidents in last 3 years. 
 
 
Accident Free Discount (AFD 3, 6...
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State Farm Independent Auto Exam Questions and Answers
- Examen • 6 páginas • 2024
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State Farm Independent Auto Exam Questions and Answers 
Select Service Program 
In some market areas, repairers have been selected to participate in State Farm's Select Service Program. The program is designed to enhance claim service, increase efficiency, and afford customers an opportunity to select qualified repairers to inspect and estimate vehicle damage 
 
 
Paintless Dent repair 
Paintless Dent Repair (PDR) is an industry recognized repair process that involves the removal of hail dents ...
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State Farm Auto Exam Questions and Answers
- Examen • 3 páginas • 2024
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State Farm Auto Exam Questions and Answers 
Competitive Bids 
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 
State Farm uses a continuous 
survey that gives repairers the opportunity to pr...