STATE FARM ESTIMATICS EXAM
PRACTICE QUESTIONS AND ANSWERS
2027.
1. What is the standard measurement of one ‘square’ in roofing?
A. 10 square feet
B. 100 square feet
C. 50 square feet
D. 1,000 square feet
Answer: B
Conceptual Explanation: In the roofing industry, a square is the amount of roofing
material required to cover 100 square feet of roof area.
2. Which type of estimate calculates the cost to replace an item with one of like kind and
quality at today’s prices?
A. Actual Cash Value (ACV)
B. Market Value
C. Agreed Value
D. Replacement Cost Value (RCV)
,Answer: D
Conceptual Explanation: Replacement Cost Value (RCV) represents the current cost to
replace or repair an item without deduction for depreciation.
3. How is Actual Cash Value (ACV) typically calculated?
A. Replacement Cost plus Overhead
B. Market Value plus Taxes
C. Original Cost minus Deductible
D. Replacement Cost minus Depreciation
Answer: D
Conceptual Explanation: ACV is determined by taking the Replacement Cost Value and
subtracting the accumulated depreciation.
4. In Xactimate, which category code is used for ‘Painting’?
A. PNT
B. CLD
C. DRY
D. WTR
Answer: A
, Conceptual Explanation: PNT is the standard category code for Painting and Wall
Finishing in Xactimate.
5. What is the typical waste percentage applied to a hip roof for asphalt shingles?
A. 5%
B. 10%
C. 25%
D. 15%
Answer: D
Conceptual Explanation: Hip roofs require more cutting and fitting at the hips, typically
resulting in a 15% waste factor compared to 10% for gable roofs.
6. Which of the following describes ‘Depreciation’?
A. The increase in value due to inflation
B. The cost of labor to install a product
C. The loss in value over time due to wear, tear, and age
D. The policy deductible amount
Answer: C
Conceptual Explanation: Depreciation is the decrease in the value of an asset over time
due to use, physical wear and tear, or obsolescence.
PRACTICE QUESTIONS AND ANSWERS
2027.
1. What is the standard measurement of one ‘square’ in roofing?
A. 10 square feet
B. 100 square feet
C. 50 square feet
D. 1,000 square feet
Answer: B
Conceptual Explanation: In the roofing industry, a square is the amount of roofing
material required to cover 100 square feet of roof area.
2. Which type of estimate calculates the cost to replace an item with one of like kind and
quality at today’s prices?
A. Actual Cash Value (ACV)
B. Market Value
C. Agreed Value
D. Replacement Cost Value (RCV)
,Answer: D
Conceptual Explanation: Replacement Cost Value (RCV) represents the current cost to
replace or repair an item without deduction for depreciation.
3. How is Actual Cash Value (ACV) typically calculated?
A. Replacement Cost plus Overhead
B. Market Value plus Taxes
C. Original Cost minus Deductible
D. Replacement Cost minus Depreciation
Answer: D
Conceptual Explanation: ACV is determined by taking the Replacement Cost Value and
subtracting the accumulated depreciation.
4. In Xactimate, which category code is used for ‘Painting’?
A. PNT
B. CLD
C. DRY
D. WTR
Answer: A
, Conceptual Explanation: PNT is the standard category code for Painting and Wall
Finishing in Xactimate.
5. What is the typical waste percentage applied to a hip roof for asphalt shingles?
A. 5%
B. 10%
C. 25%
D. 15%
Answer: D
Conceptual Explanation: Hip roofs require more cutting and fitting at the hips, typically
resulting in a 15% waste factor compared to 10% for gable roofs.
6. Which of the following describes ‘Depreciation’?
A. The increase in value due to inflation
B. The cost of labor to install a product
C. The loss in value over time due to wear, tear, and age
D. The policy deductible amount
Answer: C
Conceptual Explanation: Depreciation is the decrease in the value of an asset over time
due to use, physical wear and tear, or obsolescence.
