Acv actual cash value Study guides, Class notes & Summaries
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Insurance Adjuster Exam Questions and Answers Rated A+
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Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct 
All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow 
At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property 
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A 
 
 
 
The process where by a mutul insurer becomes a stock company is called - Demutalization 
 
The process whereby a stock company a mutal insurer is called - Mutalization 
 
The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause 
 
The part of the policy that states the amout of coverage the insured property policy period is - Declara...
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Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES
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Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
 
Adhesion Correct Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets t...
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New York Life Insurance Questions and Answers Already Passed
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New York Life Insurance Questions and Answers Already Passed Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. 
Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of an acc...
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CISR COMMERCIAL PROPERTY INSURANCE QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
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eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property 
can be seen. 
Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of 
insurance. 
Buildings are real property. They have walls and a roof. You can probably envision many types of 
buildings, ranging from a small one-story office to a skyscraper. 
Structures. A structure is any construction, including buildings. However, examples of structures t...
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STATE FARM QUESTIONS WITH CORRECT ANSWERS BUNDLE|VERIFIED ANSWERS|GRADED A
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Abandonment Condition CORRECT 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 CORRECT ANSWER A loss that occurs at a specific time and place

Actual Cash Value (ACV) CORRECT ANSWER Today's replaceme
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Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions
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Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
A public adjuster represents the interest of: 
A. The insurer 
B. The Insured 
C. The employer 
D. The interest of the general public - Correct Answer -B. The insured 
Which of the following is the type of report that indicates the initial results of 
a claim investigation? 
A. Field Report 
B. Interim Report 
C. Full Re...
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State Farm Auto Adjuster Certification Exam Questions And Answers(Completed)2022
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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 an adjacent panel then blend. Allow 36" if i...
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Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass
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Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be catastrophic 
Which of the following persons would be required to hold a producer license? a nonresident agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance? ocean marine 
The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? the difference in the actual cash va...
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Property and Casualty Insurance EXAM Questions and Answers 100% Pass
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Property and Casualty Insurance EXAM Questions and Answers 100% Pass Specific insurance This type of insurance designates a particular item to be insured 
Blanket insurance This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. 
Speculative possibility of both gain and loss. Not insurable. 
Pure only the possibility of loss. Insurable. 
What are the 5 methods of managing or handling risk? avoid, control, retain, and ...
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