Study guides, Class notes & Summaries

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...

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 for depreciation Property insurance that provides 100k cov...

state farm Final COMPLETE SOLUTION Questions with 100% Correct Answers which of the following refers to being restored to the financial condition you were in before a loss? - CORRECT ANSWER indemnification mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from the other driver. by receiving a profit from the loss, Mark is in violation of.. - CORRECT ANSWER principle of indemnity the transfer of risk from one party to another...

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