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State farm auto external claim Resource Certification Exam 2024
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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 first major panel. A refinish overlap deduction would be applicable to the fender ref...
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State Farm Auto Exam questions and answers graded A
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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 provide information 
online. The repairer info...
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State Farm Auto Adjuster Certification Exam With A+ Graded Answers
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State Farm Auto Adjuster Certification Exam With A+ Graded Answers 
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 a...
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STATE FARM AUTO BOOKLET QUESTIONS AND ANSWERS WITH RATED SOLUTIONS
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STATE FARM AUTO BOOKLET QUESTIONS AND ANSWERS WITH RATED SOLUTIONS
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State Farm Auto Exam 2023, With Complete Solution
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State Farm Auto Exam 2023, With Complete Solution 
 
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 ...
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State Farm Auto Exam Questions and Answers 100% Verified and Updated 2024
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State Farm Auto Exam Questions and Answers 
100% Verified and Updated 2024 
Competitive Bids - Answer- 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 - Answer- State Farm uses a continuous 
...
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State Farm Insurance License Exam Questions and Answers
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State Farm Insurance License Exam 
Questions and Answers 
Abandonment Condition - Answer- 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 - Answer- A loss that occurs at a specific time and place 
Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. 
Depreciation from wear and tear, or obsolescence. 
admitted insurer; author...
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State farm auto external claim Resource Certification Exam Questions and Answers 100% Pass
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State farm auto external claim Resource 
Certification Exam Questions and 
Answers 100% Pass 
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 ...
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State Farm Property Exam Questions and Answers 100% Pass
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State Farm Property Exam Questions and 
Answers 100% Pass 
In property insurance actual cash value is defined as which of the following - Answer- 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as - Answer- the cause of loss insured against 
What is a leading factor in the determination of actual cash value - Answer- replacement 
cost 
Replacement cost is defined as - Answer- full replacement of property at its current 
cost, new and without reduction f...
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State Farm Auto Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
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State Farm Auto Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
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