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State Farm Property Questions and Answers (2022/2023) (Verified Answers)
State Farm Property Questions and Answers (2022/2023) (Verified Answers) 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Prope...
- Exam (elaborations)
- • 3 pages •
State Farm Property Questions and Answers (2022/2023) (Verified Answers) 
 
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
Peril is most easily defined as 
the cause of loss insured against 
What is a leading factor in the determination of actual cash value 
replacement cost 
Replacement cost is defined as 
full replacement of property at its current cost, new and without reduction for depreciation 
Prope...