Compilation Study guides, Class notes & Summaries

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CPCU 551 Exam Questions Compilation | 262 Questions with 100% Correct Answers | Verified | 45 Pages
  • CPCU 551 Exam Questions Compilation | 262 Questions with 100% Correct Answers | Verified | 45 Pages

  • Exam (elaborations) • 45 pages • 2023
  • A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft... otherwise you'll only get 85% Various building de...
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