CPP GRADED A+ QUESTIONS AND CORRECT ANSWERS COMPLETE PREPARATION GUIDE

CPP GRADED A+ QUESTIONS AND
CORRECT ANSWERS COMPLETE
PREPARATION GUIDE

●● Each CPP coverage part has its own _______ ____________
Answer: insuring agreement


●● Where can stated covered perils be found? / the mention of being
open peril?
Answer: The insuring agreement


●● How long are CPP policies usually written for?
Answer: 12 months.


●● What are the four elements of a CPP?
Answer: 1. Common Policy Declarations,
2. Common Policy Conditions
3. Interline Endorsements
4. Coverage Parts.


●● What do Common Policy Declarations include?
Answer: The insured, coverages, and premiums.

, ●● What are Interline Endorsements designed to do?
Answer: Reduce duplicate coverage between policies.


●● Does each coverage part have its own declaration and condition?
Answer: Yes


●● Is CPP basic form named or open?
Answer: Named peril coverage.


●● What perils are covered under the Basic Form?
Answer: basic + REVV FL SHAW


●● What type of coverage is the Broad Form?
Answer: Named peril coverage.


●● What additional perils does the Broad Form add?
Answer: BIG AFFECT + water damage


●● What type of coverage is the Special Form?
Answer: Open peril coverage.