CISR - Commercial Property Questions
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with Correct Answers 2025
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Identify ghthe ghtypes ghof ghCommercial ghProperty ghexposed ghto ghloss: gh- ghCORRECT
ghANSWER gh- ghReal gh& ghPersonal
List ghparties ghthat ghcould ghhave ghan ghinsurable ghinterest ghin ghthe ghproperty: gh- ghCORRECT
ghANSWER gh- ghOwners, ghMortgage, ghLessees, ghSigners ghof gha ghContract
What ghis ghthe ghdifference ghbetween ghdirect ghand ghindirect ghloss? gh- ghCORRECT
ghANSWER gh- ghDirect: ghDamage ghto ghTangible ghProperty gh/ ghIndirect: ghLoss ghof
ghIncome/Extra ghExpense
Define ghACV gh- ghCORRECT ghANSWER gh-Replacement ghcost ghminus ghdepreciation
Define ghReplacement ghCost gh- ghCORRECT ghANSWER gh-
ghAmount ghneeded ghto ghreplace ghwith ghlike ghkind ghand
ghquality
Define ghFunctional ghReplacement ghValue gh- ghCORRECT ghANSWER gh-Like ghkind/quality ghnot
ghfeasible gh- ghlimit ghneeded ghto ghserve ghthe ghsame ghpurpose
Coinsurance ghFormula gh- ghCORRECT ghANSWER gh-did/should ghx ghloss gh= ghloss ghpayment gh-
gh deductible
How ghdo ghyou ghfind gh"should" ghin ghcoinsurance ghformula? gh- ghCORRECT ghANSWER
gh- ghshould gh= ghlimit ghx ghcoinsurance gh%
Define ghagreed ghvalue gh- ghCORRECT ghANSWER gh-Up ghfront ghagreement ghon gha ghfixed
ghvalue gh- ghsuspends ghcoinsurance ghif ghconditions ghare ghmet
gh gh gh gh
with Correct Answers 2025
gh gh gh gh
Identify ghthe ghtypes ghof ghCommercial ghProperty ghexposed ghto ghloss: gh- ghCORRECT
ghANSWER gh- ghReal gh& ghPersonal
List ghparties ghthat ghcould ghhave ghan ghinsurable ghinterest ghin ghthe ghproperty: gh- ghCORRECT
ghANSWER gh- ghOwners, ghMortgage, ghLessees, ghSigners ghof gha ghContract
What ghis ghthe ghdifference ghbetween ghdirect ghand ghindirect ghloss? gh- ghCORRECT
ghANSWER gh- ghDirect: ghDamage ghto ghTangible ghProperty gh/ ghIndirect: ghLoss ghof
ghIncome/Extra ghExpense
Define ghACV gh- ghCORRECT ghANSWER gh-Replacement ghcost ghminus ghdepreciation
Define ghReplacement ghCost gh- ghCORRECT ghANSWER gh-
ghAmount ghneeded ghto ghreplace ghwith ghlike ghkind ghand
ghquality
Define ghFunctional ghReplacement ghValue gh- ghCORRECT ghANSWER gh-Like ghkind/quality ghnot
ghfeasible gh- ghlimit ghneeded ghto ghserve ghthe ghsame ghpurpose
Coinsurance ghFormula gh- ghCORRECT ghANSWER gh-did/should ghx ghloss gh= ghloss ghpayment gh-
gh deductible
How ghdo ghyou ghfind gh"should" ghin ghcoinsurance ghformula? gh- ghCORRECT ghANSWER
gh- ghshould gh= ghlimit ghx ghcoinsurance gh%
Define ghagreed ghvalue gh- ghCORRECT ghANSWER gh-Up ghfront ghagreement ghon gha ghfixed
ghvalue gh- ghsuspends ghcoinsurance ghif ghconditions ghare ghmet
