CPCU 551 – FOCUS EXAM 2025
QUESTIONS AND ANSWERS 100%
VERIFIED
, Loss Payment under Agreed Value - ANSWER[(Limit/Agreed Value) * Loss ] -
Deductible
Debris Removal Must be Reported in... - ANSWER180 days
Standard Building and Personal Property (BPP) deductible - ANSWER$500
Amount payable if coinsurance requirement not met - ANSWER[(Limit/(Value of
Covered Property x Coinsurance %)) * Loss] - Deductible
[(Did/Should) * Loss] - Deductible
BPP Aggregate Limits: only for... - ANSWERPollution cleanup and removal, and
electronic data
BPP Additional Coverages Subject to Occurrence Limits - ANSWERDebris Removal
Fire Department Service Charge
Increased Cost of Construction
each coverage extension
Business Personal Property includes - ANSWERFurniture and fixtures
Machinery and equipment
"Stock"
All other personal property owned by you and used in your business
Labor, materials or services furnished or arranged by you on personal property of others
Your use interest as a tenant in improvements or betterments
Leased personal property that you have a contractual responsibility to insure, unless
otherwise provided for under Personal Property of Others
Business Personal Property Temporarily in Portable Storage Units must be within how
many feet of the covered property? - ANSWER100 feet
Anti-concurrent causation - ANSWERCertain exclusions apply even if another cause is
involved in the loss
Basic and Broad Form Exclusions
(subject to anti-concurrent causation language) - ANSWEROrdinance or Law
Earth movement
Governmental action
Nuclear hazard
Utility services
War and military action
Water
QUESTIONS AND ANSWERS 100%
VERIFIED
, Loss Payment under Agreed Value - ANSWER[(Limit/Agreed Value) * Loss ] -
Deductible
Debris Removal Must be Reported in... - ANSWER180 days
Standard Building and Personal Property (BPP) deductible - ANSWER$500
Amount payable if coinsurance requirement not met - ANSWER[(Limit/(Value of
Covered Property x Coinsurance %)) * Loss] - Deductible
[(Did/Should) * Loss] - Deductible
BPP Aggregate Limits: only for... - ANSWERPollution cleanup and removal, and
electronic data
BPP Additional Coverages Subject to Occurrence Limits - ANSWERDebris Removal
Fire Department Service Charge
Increased Cost of Construction
each coverage extension
Business Personal Property includes - ANSWERFurniture and fixtures
Machinery and equipment
"Stock"
All other personal property owned by you and used in your business
Labor, materials or services furnished or arranged by you on personal property of others
Your use interest as a tenant in improvements or betterments
Leased personal property that you have a contractual responsibility to insure, unless
otherwise provided for under Personal Property of Others
Business Personal Property Temporarily in Portable Storage Units must be within how
many feet of the covered property? - ANSWER100 feet
Anti-concurrent causation - ANSWERCertain exclusions apply even if another cause is
involved in the loss
Basic and Broad Form Exclusions
(subject to anti-concurrent causation language) - ANSWEROrdinance or Law
Earth movement
Governmental action
Nuclear hazard
Utility services
War and military action
Water
