New York State Auto Damage And Theft Quiz 17-71 With Correct Answers

Which of the following is not a method used by an appraiser in determining the value of a damaged vehicle? Answer Choices: Select the Correct Answer A five state average value method Guide source method Actual cost method Dealer quotation method {Ans: A five state average value method}The burden of proof that a covered loss has occurred is normally a duty of: The insurance company The adjuster The appraiser The insured {Ans: The insured}The front passenger airbag is usually located: inside the door below the glove box above the glove box at the airbag sensor {Ans: above the glove box}After an auto collision loss an insurance company may elect to pay the insured's claim and take possession of the vehicle. This practice is referred to as: Answer Choices: Select the Correct Answer Subrogation A deduction Salvage Warranty {Ans: Salvage}Determining the value of a damaged vehicle as to its replacement value or actual cash value it referred to as: Damage value Diminished value Loss valuation Market value {Ans: Loss valuation/This is called loss valuation. The insurer reserves the right to repair or replace the damaged vehicle.}What allows the steering wheel to change the direction the vehicle