CPCU® 551 PRACTICE EXAM COURSE

The practice exam course consists of over 400 practice questions and two complete practice exams formatted exactly like the actual CPCU® exam. This course is intended to mimic the question format of the CPCU® exam as closely as possible to give you a “real exam” feel.

AssociatePI is owned and managed by CPCU® designees. Our courses and practice exams are written by CPCU® designees that have passed their exams and earned their designation.

We have been in your shoes. We know how difficult these exams are. We know how overwhelming it is to study and memorize the hundreds of pages of complex insurance topics. That’s why we designed our online course that simplifies the studying process, helping you better prepare to pass your exam with less stress and less studying.

We write our practice exams to give you a “real exam feel”. Our practice exam questions are tough, just like the actual CPCU® exam, intended to fully prepare you for the type of questions and format of questions that you will see on the actual exam.

This course will provide a practice question (over 400 in total) for every section and topic of the CPCU® 551 exam. This course is updated according to the latest edition of the CPCU® 551 exam, this course is up to date with the current content of the exam.

This course is only recap questions and practice exams. This does not contain the full course and all of the content that you need to pass your exams, this is only practice exam questions.

COURSE BENEFITS

Realistic Format. Real Exam Feel. Over 400 Practice Questions.

Stop struggling. Prepare for your exam with real practice exam questions formatted exactly like the actual CPCU® exam.  Course benefits include:

  • REAL EXAM FEEL – No more fluff questions that don’t prepare you for the exam. We write our practice exams to give you a “real exam feel”. Our practice exam questions are tough, just like the actual CPCU® exam, intended to fully prepare you for the type of questions and format of questions that you will see on the actual exam.
  • FULLY PREPARED TO PASS – Fully prepare to pass the exam. No more struggling to recall information when taking your exam, no more forgetting the minor details, and no more uneasy feelings of unpreparedness when you sit for the exam.
  • PASS YOUR EXAM (99% PASS RATE) – No more stress. You are going to pass. Thousands have used the AssociatePI program and courses, with these exact practice exams, to pass their exams with a 99% exam pass rate (compared to the industry average 70% pass rate).
  • PRACTICE MAKES PERFECT – You cannot pass this exam without practicing. With over 400 questions in our practice exam course, including two complete practice exams built to give you a realistic exam experience and hundreds of recap questions ensuring you understand each exam topic, you will be more than prepared to pass the official exam on your first attempt.
  • BY CPCU® DESIGNEES FOR CPCU® STUDENTS – AssociatePI is owned and managed by CPCU® designees. Our courses and practice exams are written by CPCU® designees that have passed their exams and earned their designation.
  • ONLINE. MOBILE. PRINTABLE – Your online course is completely online, mobile compatible, printable, and available as an app. Suitable for any studying style.

COURSE INCLUDES

400+ PRACTICE EXAM QUESTIONS.

Prepare for the CPCU® 551 exam with real practice questions formatted exactly like the actual exam.

Course includes:

  • 400+ PRACTICE QUESTIONS – Quiz questions for each topic of the CPCU® 551 exam to ensure you grasp the main concepts.
  • 2 COMPLETE PRACTICE EXAMS – 85 questions each, formatted exactly like the actual CPCU® 551 exam (with the same number of exam questions) to give you a “real exam” feel.
  • QUIZ EXPLANATION – Detailed explanation about the correct answer for every quiz question.
  • MEMORIZE THE COVERAGES – A section for each chapter dedicated to helping you memorize the commercial insurance endorsements and coverages (the hardest part of the CPCU® 551). Including a unit and quiz of each chapter dedicated to reviewing the most important topics, ensuring you grasp the primary concepts (there are 20+ insurance products to memorize for this exam).
  • CPCU® INSIGHT – Course includes our insight detailing what to expect from each chapter on the CPCU® 551 exam, detailed answer explanation of each quiz question, and our personal email support to provide advice on any question or exam topic.
  • MOBILE APP – Download the AssociatePI mobile App and study on the go! Perfect for your commute to work.
  • REAL EXAM FEEL – Quiz questions designed to mimic the format of the actual CPCU® 551 exam to give you a “real exam feel” and fully prepare you for the type of questions you will see.

COURSE TOPICS

This course covers the following topics:

  • Commercial property insurance overview
  • Building and personal property (BPP)
  • Causes of loss forms
  • Commercial property coverages (other options)
  • Earthquake coverage, flood coverage, and specialty coverage
  • Business income coverage
  • Inland marine insurance
  • Ocean cargo insurance
  • Commercial crime coverage
  • Equipment breakdown coverage
  • Businessowners policies (BOP)
  • Industry policies
  • Surety bonds

Please see below for the full course curriculum.

 

COURSE FAQ

Q: What Type Of Course Is This?

A: This course is entirely online and self-study. Study at your own pace and navigate through our series of text-based modules, quizzes, and practice exams. The online course is mobile compatible and hosted on AssociatePI’s website. You will be prompted to create an account, your account will sync with your online course. To access your course, log in to AssociatePI with your username and password.

 

Q: Do I Need To Purchase The Textbooks Or Any Other Study Material For Your Course?

A: That is completely up to you. Our CPCU® ® 551 Practice Exams Course is strictly practice questions. Our practice exams course includes:

  • 400+ practice questions
  • 2 complete practice exams (85 questions each just like the real exam)
  • Answer explanation for each quiz question
  • Unit and quiz dedicated to the most important topics
  • Insight detailing what to expect from each chapter
  • Mobile app

 

Q: What Edition Of The Course Is This?

A: This course is updated according to the latest edition of the exam; this course is up to date with the current exam content. Whenever the exam changes we update our online course to reflect the new content.

 

Q: The Content Of The Exam Is Changing. Do I Need To Purchase A New Course?

A: Nope! Our courses are automatically updated, at no cost to the user, each time the exam content changes. Whenever the exam changes we update our online course (during the downtime so it doesn’t disrupt studying) to reflect the new content. No need to buy a new course, your online course will always reflect the most up to date exam content.

 

Q: What’s Different About Your Course?

A: The major benefit of our online course is that each section and question was handcrafted by a CPCU® expert that has passed the CPCU® 551 exam, meaning we know exactly which topics are important and how the questions are formatted. By replicating the questions as closely as possible to the actual CPCU® 551 exam, we give our course and practice exams a “real exam” feel, helping our users better prepare for their exam.

 

Q: How Do I Know It Works?

A: Our online courses, practice exams, and resources have been used by thousands of personal and commercial insurance employees. We’ve personally helped thousands complete their CPCU® designation and most even come back to help us improve our courses after they pass!

 

TESTIMONIALS

I studied only 2 to 3 weeks per exam

“If you’re looking for a worthwhile alternative to combing through the textbooks, look no further. The interface is simple to use, and the information is streamlined and presented in an efficient manner. I studied an average of only 2-3 weeks per exam, and I felt well-prepared for each. AssociatePI is a total game changer. 10/10 would recommend.”

John D. Lloyd – Underwriter

Passed CPCU® 500, CPCU® 520, CPCU® 530, and CPCU® 540 with AssociatePI

Translated in an easier to understand format

“I ran into a brick wall with Finance and Accounting (CPCU® 540). There were so many formulas to comprehend and memorize, I just felt overwhelmed with all the material. Unfortunately, I took my exam and was unable to pass it my first go through. As you may know, the exams are not cheap, and I was determined not to waste my money on a failed attempt again. That’s when I stumbled across AssociatePI. I couldn’t have been more pleased. They were able to condense the information down and able translate it in an easier to understand format. I found this an excellent tool, and would recommend to anyone looking for an edge to get over the hump. No testimonial would be complete without the results; I passed!”

Wes Reynolds – Risk Management Associate

Passed CPCU® 540 with AssociatePI

Course curriculum

  • 2

    Section II: BPP Form - Building and Personal Property (Part 1)

    • Loss Exposure Overview Recap Quiz

    • BPP – Covered Property Recap Quiz

    • BPP - Additional Coverages Recap Quiz

    • BPP - Coverage Extensions Recap Quiz

    • Cause of Loss Forms Recap Quiz

    • CPCU® 551 Section II - Most Important Topics Recap Quiz

  • 3

    Section III: BPP Form - Building and Personal Property (Part 2)

    • BPP - Insurance Limit Recap Quiz

    • BPP – Loss Conditions Recap Quiz

    • BPP - Optional Coverage Recap Quiz

    • BPP - Coverage Conditions Recap Quiz

    • Commercial Insurance - Other Conditions Recap Quiz

    • Commercial Property Insurance – Rating Recap Quiz

    • CPCU® 551 Section III - Most Important Topics Recap Quiz

  • 4

    Section IV: BPP Form - Coverages

    • BPP – Blanket Coverage Recap Quiz

    • BPP – Fluctuating Property Coverage Recap Quiz

    • BPP – Endorsements Recap Quiz

    • CPCU® 551 Section IV - Most Important Topics Recap Quiz

  • 5

    Section V: Other Commercial Property Insurance

    • Condominium Coverage Recap Quiz

    • SPP - Standard Property Policy Recap Quiz

    • Legal Liability Coverage Form Recap Quiz

    • BRCF - Builders’ Risk Coverage Form Recap Quiz

    • Leasehold Interest Coverage Form Recap Quiz

    • CPCU® 551 Section V - Most Important Topics Recap Quiz

  • 6

    Section VI: Specialty Commercial Insurance

    • Earthquake and Volcanic Eruption Insurance Recap Quiz

    • Flood Insurance Recap Quiz

    • Difference In Conditions Policy (DIC) Recap Quiz

    • Output Policy Recap Quiz

    • CPCU® 551 Section VI - Most Important Topics Recap Quiz

  • 7

    Section VII: Business Income Coverage

    • Business Income Loss Exposure – Overview Recap Quiz

    • Analyzing Business Income Loss Exposures Recap Quiz

    • Estimated Maximum Loss (EML) Recap Quiz

    • Business Income Coverage (BIC) Recap Quiz

    • BIC - Insurance Limit Recap Quiz

    • BIC - Additional Coverage Recap Quiz

    • BIC - Optional Coverage Recap Quiz

    • BIC – Endorsements Recap Quiz

    • Extra Expense Coverage Form (EECF) Recap Quiz

    • CPCU® 551 Section VII - Most Important Topics Recap Quiz

  • 8

    Section VIII: Inland Marine and Ocean Marine Insurance

    • Transportation Loss Exposure Recap Quiz

    • Marine Insurance – Overview Recap Quiz

    • Inland Marine Insurance – Overview Recap Quiz

    • Inland Marine Insurance – Purpose and Provisions Recap Quiz

    • CPCU® 551 Section VIII - Most Important Topics Recap Quiz

  • 9

    Section IX: Commercial Crime Insurance

    • Commercial Crime Insurance - Overview Recap Quiz

    • Commercial Crime Insurance - Insuring Agreements Recap Quiz

    • Commercial Crime Insurance - Conditions Recap Quiz

    • Commercial Crime Insurance - Insurance Limits Recap Quiz

    • Commercial Crime Insurance - Exclusions Recap Quiz

    • Commercial Crime Insurance - Endorsements Recap Quiz

    • Government Crime Insurance Forms Recap Quiz

    • CPCU® 551 Section IX - Most Important Topics Recap Quiz

  • 10

    Section X: Equipment Breakdown Insurance

    • Equipment Breakdown – Overview Recap Quiz

    • Equipment Breakdown - Insuring Agreement Recap Quiz

    • Equipment Breakdown - Provisions Recap Quiz

    • CPCU® 551 Section X - Most Important Topics Recap Quiz

  • 11

    Section XI: Business Owners Policy and Farm Insurance

    • Business Owners Policy – Overview Recap Quiz

    • Business Owners Policy – ISO Form Recap Quiz

    • Farm Insurance – Overview Recap Quiz

    • Farm Insurance - Specialty Coverage Recap Quiz

    • CPCU® 551 Section XI - Most Important Topics Recap Quiz

  • 12

    Section XII: Financial Bonds

    • Financial Institution Bonds – Overview Recap Quiz

    • Financial Institution Bonds – Other Institutions Recap Quiz

    • Surety Bonds Recap Quiz

    • Contract Bonds Recap Quiz

    • CPCU® 551 Section XII - Most Important Topics Recap Quiz

  • 13

    CPCU® 551 Practice Exams

    • CPCU® 551 Practice Exam One

    • CPCU® 551 Practice Exam Two