Property Damage Estimation Flashcards
7 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Property Damage Estimation flashcards as text
A homeowner's policy covers 'additional living expenses' (ALE). Which cost is typically NOT covered under ALE?
Answer: Mortgage payments on the damaged home
Mortgage payments are a fixed obligation the insured would incur regardless of displacement and are not considered additional expenses caused by the loss.
During an exterior damage inspection, an adjuster notices the siding is a discontinued profile. The insurer's obligation under a standard homeowners policy is to:
Answer: Replace the entire side of the house to achieve a reasonable match
When damaged siding cannot be matched, standard practice requires replacing the entire affected elevation to achieve a reasonably uniform appearance, not the whole structure.
What is the primary purpose of a 'scope of loss' document in property damage estimation?
Answer: To detail all items and areas requiring repair or replacement
A scope of loss identifies every damaged component, required repair action, and quantity, forming the foundation from which a cost estimate is built.
An adjuster estimates interior painting after water damage. Which area is most commonly missed in painting estimates?
Answer: Trim, baseboards, and door casings
Trim, baseboards, and door casings are frequently omitted from painting estimates despite requiring painting when walls are repainted, creating supplemental claim issues.
Which condition would most likely support a total loss determination for a residential structure?
Answer: Repair costs exceeding 80% of the structure's actual cash value
While state laws vary, many jurisdictions use a threshold (commonly 50-80% of ACV) to determine constructive total loss, and repair costs near or above ACV strongly support a total loss finding.
Which Xactimate category code is used to estimate standard drywall installation (hanging and finishing)?
Answer: DRY (Drywall)
The DRY division in Xactimate covers drywall hanging, taping, finishing, and related work, and is the correct category for standard interior wall and ceiling repairs.
A loss involves damaged hardwood flooring that requires replacement. The pre-loss floor had a 3-inch strip pattern with a custom stain. The correct estimation approach is to:
Answer: Price standard 3-inch strip hardwood and include custom staining as a separate line item
Like kind and quality requires pricing the same width hardwood and adding the custom finish as a separate line item to accurately represent the cost of restoring the pre-loss condition.