Study guides, Study notes & Summaries

With short term disability insurance there are no policy riders or coordination of benefits is this an accurate statement yes or no - Answers- long term disability insurance allows customers to continue coverage through a variety of riders - Answers- based on state availability either the hospital income, supplemental health insurance and or supplemental health insurance plus products may be available this type of protection both on and off the job true or false - Answers- customers see...

State Farm Auto Exam – Answered | 100% Correct Answers 2024 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 ...

The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State Farm Estimatics Exam Questions with 100% Correct Answers The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State Farm Estimatics Exam Questions and Answers 100% Pass The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State Farm Fire Independent Policy Exam Questions and Answers 100% Pass Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expirat...

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...

Abandonment - ANSWER The abdication of insured property into the hands of another, or into the possession of no one in particular. Absolute Liability - ANSWER A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme heights. Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at a specific place. Actual Cash Value (ACV) - ANSWER The required amount to pay damages or for property loss, which is calcu...

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 survey that gives repairers the opportunity to provide information online. The...

Hi my name is John from your local state farm agent - ANSWER The reason for this call is i see we have quoted you in the past and the great news is we have had a significant rate adjustment and some people are saving up to 40% in addition to it being really easy to switch to state farm. We can get you started for as little as $2. Who are you currently insured with? I am busy can you call me later? - ANSWER Oh ok no problem when would be a good time to call you back? Awesome it really sounds l...

Select Service Program - ANSWER 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 - ANSWER Paintless Dent Repair (PDR) is an industry recognized repair process that involves the removal of hail dents or other types of damage from metal exteri...