CIC EXAM SCRIPT 2026 FULL SOLUTIONS
VERIFIED CORRECT RESPONSES HIGH
SCORING
◉ What are the seven coverage extentions
Answer: 1. Newly Acquired or Constructed Property
2. Personal effects and property of others
3. valuable papers and record (other than electronic data)
4. property off premises
5. outdoor property
6. non-owned detached trailers
7. business personal property temporarily portable storage units
◉ difference between coverage extensions and additional
coverages?
Answer: coverage extensions has a requirement that you MUST have
at least 80% Coinsurance or a value reporting form
◉ where do coverage extenstions apply?
Answer: apply to property located in or on the building described in
the dec or in the open (or in a vehicle) within 100 ft of the described
premises
,◉ Coverage Extensions- Newly Aquired or constructed property
Answer: 3 key parts
1. buildings
2. Your business personal property
3. Period of Coverage
◉ CE- Newly aquired or constructed property (buildings)
Answer: if policy covers building you may extend the insurance to
apply to
a. your new buildings while being built on the described premises
b. buildingd you acquire at locations other than the ones on the dec
intended for:
-similar use as the building described on dec or as a warehouse
most paid on this extension is $250,000 per building
◉ CE- Newly acquired buildings (2 personal property)
Answer: cover extends to
newly acquired locations (with exceptions) or for newly constructed
or acquired buildings at described location on dec
-NOT at fairs, tradeshows or exhibitions
-NOT more than $100,000
,-NOT property of others in temporary possession
◉ CE- Newly Acquired property (period of coverage3)
Answer: coverage for newly acquired property will end when any of
the following first occurs:
a. This policy expires
b. 30 days after you acquired or started the construction
c. you report values to us
◉ Coverage Extenstions- Personal Effects and property of others
Answer: you may extend insurance that applies to yourBPP to apply
to:
1. personal effects owned by you, your officers, your partners, or
members, managers, employees. this does NOT include loss or
damage by theft
2. personal property of others in your CCC
NOT more than $2,500
◉ Coverage extenstions- Valuable Papers and records
Answer: cost to replace or restore if duplicates do not exist
-NOT if electronic data
-Named perils coverage only
NOT more than $2,500
, Such amount is additional insurance
◉ any endorsmeents for CE-Valuable papers and records?
Answer: The higher limits endorsement or get an inland marine
coverage form
◉ Coverage extensions- Property off Premises
Answer: Coverage for
-Temporarily at a location but NOT at location
owned/leased/operated
-storage at a leased location, if the lease began after the beginning of
the current policy term
-at any fair trade shows or exhibition
This extension does not apply
-in or on a vehicle
-in the CCC of your salesperson unless at a fair , tradeshow, or
exhibit
The most paid under this extension is $10,000
endorsement available: Specified Business Personal Property
temporarily away from premises
VERIFIED CORRECT RESPONSES HIGH
SCORING
◉ What are the seven coverage extentions
Answer: 1. Newly Acquired or Constructed Property
2. Personal effects and property of others
3. valuable papers and record (other than electronic data)
4. property off premises
5. outdoor property
6. non-owned detached trailers
7. business personal property temporarily portable storage units
◉ difference between coverage extensions and additional
coverages?
Answer: coverage extensions has a requirement that you MUST have
at least 80% Coinsurance or a value reporting form
◉ where do coverage extenstions apply?
Answer: apply to property located in or on the building described in
the dec or in the open (or in a vehicle) within 100 ft of the described
premises
,◉ Coverage Extensions- Newly Aquired or constructed property
Answer: 3 key parts
1. buildings
2. Your business personal property
3. Period of Coverage
◉ CE- Newly aquired or constructed property (buildings)
Answer: if policy covers building you may extend the insurance to
apply to
a. your new buildings while being built on the described premises
b. buildingd you acquire at locations other than the ones on the dec
intended for:
-similar use as the building described on dec or as a warehouse
most paid on this extension is $250,000 per building
◉ CE- Newly acquired buildings (2 personal property)
Answer: cover extends to
newly acquired locations (with exceptions) or for newly constructed
or acquired buildings at described location on dec
-NOT at fairs, tradeshows or exhibitions
-NOT more than $100,000
,-NOT property of others in temporary possession
◉ CE- Newly Acquired property (period of coverage3)
Answer: coverage for newly acquired property will end when any of
the following first occurs:
a. This policy expires
b. 30 days after you acquired or started the construction
c. you report values to us
◉ Coverage Extenstions- Personal Effects and property of others
Answer: you may extend insurance that applies to yourBPP to apply
to:
1. personal effects owned by you, your officers, your partners, or
members, managers, employees. this does NOT include loss or
damage by theft
2. personal property of others in your CCC
NOT more than $2,500
◉ Coverage extenstions- Valuable Papers and records
Answer: cost to replace or restore if duplicates do not exist
-NOT if electronic data
-Named perils coverage only
NOT more than $2,500
, Such amount is additional insurance
◉ any endorsmeents for CE-Valuable papers and records?
Answer: The higher limits endorsement or get an inland marine
coverage form
◉ Coverage extensions- Property off Premises
Answer: Coverage for
-Temporarily at a location but NOT at location
owned/leased/operated
-storage at a leased location, if the lease began after the beginning of
the current policy term
-at any fair trade shows or exhibition
This extension does not apply
-in or on a vehicle
-in the CCC of your salesperson unless at a fair , tradeshow, or
exhibit
The most paid under this extension is $10,000
endorsement available: Specified Business Personal Property
temporarily away from premises
