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Chapter 11. CPP- Commercial Property Coverage Parts questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rat $7.99
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Chapter 11. CPP- Commercial Property Coverage Parts questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rat
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  • Commercial Construction

Chapter 11. CPP- Commercial Property Coverage Parts questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 11 cpp commercial property coverage part
  • chapter 11 cpp commercial property coverage

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  • Commercial Construction
  • Commercial Construction

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Chapter 11. CPP- Commercial Property
Coverage Parts
$10,000 - ANS-The maximum amount paid by a Building and Business Personal
Property
Coverage Form for pollution cleanup or removal is:

$100,000 minus the deductible. - ANS-Mr. Smith has a Building and Business Personal
Property coverage form in the amount of $400,000 on his building. He suffered a fire
loss of $120,000. The replacement cost of the building at the time of the loss was
$600,000. If his policy contains an 80% co-insurance clause, how much will he collect?

$200,000, which is his policy limit. - ANS-Toby's company is insured under a Building
and Business Personal Property coverage form with a policy limit of $200,000. Toby
also has an agreed value coverage provision on his policy, and he has a submitted a
signed statement of property value of his company of $250,000. If Toby's company
suffers a total loss due to a fire, how much would he receive from his policy?

31% - ANS-H reads his Building and Business Personal Property coverage form and
learns that his building is deemed vacant unless at least how much of the square
footage is rented to conduct business operations or used by the owner to conduct
business operations?

A boiler malfunctions and blows up - ANS-K owns a factory and has an Equipment
Breakdown Policy on his business. Which of the following would be covered as a "pure
accident" contract language?

A cleaning service who cleans and delivers all of the restaurants linens - ANS-Which
type of business could qualify as a dependent property of a restaurant, if the restaurant
carries Business Income from Dependent Properties additional coverage on their
Commercial Business Income coverage form?

A sudden and accidental breakdown of an object - ANS-The Equipment Breakdown
Coverage form defines an "Accident" to mean?

A warehouse storing goods being readied for shipment - ANS-All of the following may
be covered by an inland marine coverage form, EXCEPT:

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