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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work.
This "loss of use" is referred to as a:
Direct loss
Indirect loss
Loss evaluation
Consequential loss - Consequential loss
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter
panel, what else on the vehicle should the appraiser check?
The center pillar
The trunk floor
The quarter panels
The frame rails - The frame rails
In auto physical damage insurance, an insured peril cause of loss is known as:
Direct loss
Indirect loss
Loss evaluation
Consequential loss - Direct loss
If an appraiser has to forfeit his bond in New York. The amount of the bond is:
$500
$1000
$2000
$5000 - $1000
Which of the following is NOT a true statement regarding auto appraisers?
Each appraiser, while engaged in appraisal duties, must carry the license issued to him by the
Insurance Department and display it, upon request, to an owner whose vehicle is being inspected,
to the repair shop representative involved.
The appraiser must leave a legible copy of his appraisal with that of the repair shop selected by
the consumer to make the repairs and also furnish a copy to the owner of the vehicle.
No appraiser is permitted secure or use repair estimates that have been obtained by the use of
photographs, telephone calls or in any manner other than a personal inspection.
The appraiser is permitted to traffic in automobile salvage if such salvage is obtained in any way
as a result of appraisal services rendered by him for his own benefit. - The appraiser is permittedÂ
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