PM
CPCU 551 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
2025/2026
Terms in this set (46)
Purpose of remove a coverage, add a coverage,
Endorsements reduce exposures and comply with the law
crime risk control secure items, install security systems, train
techniques employees
water risk control stop the flow, begin drying asap and IoT
techniques
windstorm risk design structure to withstand, add
control techniques storm shutters, secure materials and
place trees away
explosion risk explosion suppressors, proper storage, use,
control techniques maintenance and inspection
fire risk control separate heat source from fuel, install
techniques suppressors
-debris removal
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-preservation of property
-fire department service charge
-pollutant cleanup and removal
-increased cost of construction
-new property
BPP Additional
- personal effects
Coverages
- property of others
- valuable records
- nonowned detached trailers
BPP Form covers insureds buildings, insureds business
personal property and personal
property of others
characteristics of risks consultants that have the ability to
risk professionals identify risks
-damage to covered property
-damage to others property if tenant
- damage to suppliers of water, electric
perils that cause BI -damage to key suppliers
losses
-nearby businesses
- other disrupting events
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