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State Farm Auto Exam Questions and Answers 100% Verified and Updated 2024
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 ...
- Exam (elaborations)
- • 6 pages •
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 ...
State Farm Insurance License Exam Questions and Answers
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...
- Exam (elaborations)
- • 15 pages •
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...
State farm auto external claim Resource Certification Exam Questions and Answers 100% Pass
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 ...
- Exam (elaborations)
- • 7 pages •
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 ...
State Farm Property Exam Questions and Answers 100% Pass
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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- Exam (elaborations)
- • 5 pages •
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...
State Farm Auto Exam 2024 Questions and Answers 100% Pass
State Farm Auto Exam 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 survey that gives repairers the oppor...
- Exam (elaborations)
- • 5 pages •
State Farm Auto Exam 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 survey that gives repairers the oppor...
State Farm Independent Auto Exam 2024 Questions and Answers 100% Pass
State Farm Independent Auto Exam 2024 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...
- Exam (elaborations)
- • 7 pages •
State Farm Independent Auto Exam 2024 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...
State Farm Auto Exam 2024 Questions and Answers 100%
State Farm Auto Exam 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 survey that gives repairers the oppor...
- Exam (elaborations)
- • 5 pages •
State Farm Auto Exam 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 survey that gives repairers the oppor...
State farm auto external claim Resource Certification Exam
State farm auto external claim Resource Certification Exam 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 r...
- Package deal
- Exam (elaborations)
- • 7 pages •
State farm auto external claim Resource Certification Exam 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 r...
State Farm Auto Adjuster Certification Exam Questions and Answers (Completed) 2024
State Farm Auto Adjuster Certification Exam Questions and Answers (Completed) 2024 ACV - Answer ️️ -actual cash value After Market Parts - Answer ️️ -Parts produced by a 3rd party for use on automobiles. Betterment - Answer ️️ -An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL - Answer ️️ -Blend Blend - Answer ️️ -This operation is equal to half the RF time on a panel. Blend would be necessa...
- Package deal
- Exam (elaborations)
- • 4 pages •
State Farm Auto Adjuster Certification Exam Questions and Answers (Completed) 2024 ACV - Answer ️️ -actual cash value After Market Parts - Answer ️️ -Parts produced by a 3rd party for use on automobiles. Betterment - Answer ️️ -An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value BL - Answer ️️ -Blend Blend - Answer ️️ -This operation is equal to half the RF time on a panel. Blend would be necessa...
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