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State Farm Property Exam Questions and Answers (all Correct)| Verified

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State Farm Property Exam Questions and Answers (all Correct)| Verified

In property insurance actual cash value is defined as which of the following

{{Ans- Replacement cost at the time of the loss, less depreciation

 

Peril is most easily defined as

{{Ans- the cause of loss insured against

 

What is a leading factor in the determination of actual cash value

{{Ans- replacement cost

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