State Farm Estimatics Study guides, Class notes & Summaries

10% removal squares by 1.10 - ANSWER Gable roofs have what waste factor so multiply what by what? 15% removal squares by 1.15 - ANSWER Hip roofs have what waste factor so multiply what by what? .33, .67, or whole number - ANSWER Always round composition and laminate shingle replacement to? .25, .50, .75, or whole number - ANSWER Always round wood shingle replacement to? Up- eave to ridge + eave to ridge Over- length of ridge - ANSWER Gable roof square footage calculated by up and ov...

10% removal squares by 1.10 - ANSWER Gable roofs have what waste factor so multiply what by what? 15% removal squares by 1.15 - ANSWER Hip roofs have what waste factor so multiply what by what? .33, .67, or whole number - ANSWER Always round composition and laminate shingle replacement to? .25, .50, .75, or whole number - ANSWER Always round wood shingle replacement to? Up- eave to ridge + eave to ridge Over- length of ridge - ANSWER Gable roof square

What transfers the risk of loss from an individual or business entity to an insurance company - ANSWER Insurance The uncertainty of a risk or loss occurring - ANSWER risk A risk that can only result in a loss or no change with no opportunity for financial gain - ANSWER pure risk A risk that allows an opportunity for loss or gain (such as gambling) - ANSWER speculative risk CONDITIONS or SITUATIONS that increase the chance of a loss occurring (such as lifestyle, health conditions, scu...

Absolute Assignment - ANSWER Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider - ANSWER Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. adhesion - ANSWER Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiated. Contract is offered on a take it or le...

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 necessary if an adjacent panel required some paint so the color would match. If damage is within 18" of an adjacent panel the...

the waiting period is 30 days as required by the Nation flood insurance program - ANSWER How long is the waiting period after the application has been accepted before flood coverage goes into effect? a customers camera left at a camera shop for repairs - ANSWER which of the following Is covered under the camera and musical instruments dealers floater the access over the self- insured retention retention is equivalent of a deductible in property insurance - ANSWER when an umbrella policy...

Painting - ANSWER Measured on square feet New dry wall needs EITHER primer then one coat of paint, or two coats of paint. Trusses - ANSWER Measured in linear feet REMOVE OR REMOVE AND REPLACE? Span=building width "On center" tells you how far part each truss is Slope is used for selector code (Length of building)x(span)+1=#of trusses (#of trusses)x(span)=LF of trusses Roofing - ANSWER Measured in Squares REMOVE OR REMOVE AND REPLACE? Remove only=surface area in SQs Replace= # o...

A. Overlap would not be applicable on the hood refinish time as it's the first major panel. A refinish overlap deduction would be applicable to the fender refinish time as it's an adjacent major panel.

Area of a square or rectangle - ANSWER Base x Height Area of a triangle - ANSWER 1/2 (Base x Height) Area of a trapezoid - ANSWER [(Base1 + Base2) / 2] x Height Area of a circle - ANSWER pi (3.14) x radius of the circle Top chord - ANSWER serves as a roof rafter Bottom chord - ANSWER serves as a ceiling joist; the length of this chord is the "span" Webbing - ANSWER bracing that ties top and bottom chords

Area of triangle - ANSWER 1/2 base x height Area of trapezoid - ANSWER [(Base1 + Base2)÷2] × height Area of circle - ANSWER Pie x r2 Top chord - ANSWER Serves as a roof rafter Bottom Chord - ANSWER Serves as a ceiling joist Span - ANSWER Length of bottom chord