CISR PROPERTY QUESTIONS WITH CORRECT
ANSWERS 2025
RealGpropertyG-GCORRECTGANSWERG-
comprisedGofGbuildings,Gstructures,GandGfixturesGthatGareGtangible,GcanGbeGseen
LandG-GCORRECTGANSWERG-realGproperty,GbutGisGgenerallyGnotGtheGsubjectGofGinsurance
BuildingsG-GCORRECTGANSWERG-realGproperty,GhaveGwallsGandGaGroof
StructuresG-GCORRECTGANSWERG-anyGconstruction,GincludingGbuildings
ExamplesGofGstructuresGthatGareGnotGbuildingsG-GCORRECTGANSWERG-three-
sidedGlumberGyardGstorageGshedGorGaGgazebo
OutdoorGfixturesG-GCORRECTGANSWERG-man-
madeGobjectsGotherGthanGbuildingsGorGstructuresGthatGareGattachedGtoGlandGinGsomeGmanner
TypesGofGcommercialGpropertyGexposedGtoGlossG-GCORRECTGANSWERG-
real,Gpersonal,GandGpersonalGpropertyGofGothers
PersonalGpropertyGorGBPPG-GCORRECTGANSWERG-
InGgeneral,GincludesGmostGofGtheGequipment,Gsupplies,Gstock,Gmachinery,Getc.GAndGmaterialGusedG
toGoperateGtheGnamedGinsured'sGbusinessG(i.e.GOfficeGequipment)
PersonalGpropertyGofGothersG-GCORRECTGANSWERG-
propertyGthatGisGinGtheGcare,Gcustody,GorGcontrolGofGtheGinsureds
WhenGtoGcoverGpersonalGpropertyGofGothersGonGpropertyGversusGinlandGmarineG-
GCORRECTGANSWERG-ifGtheGexposureGisGincidentalGorGifGitGisGextensive
, InsurableGinterestG-GCORRECTGANSWERG-
partiesGthatGhaveGaGfinancialGstakeGorGequityGinGaGproperty
CommercialGpropertyGinsurableGinterestGpartiesG-GCORRECTGANSWERG-
owner,GmortgageGorGlienGholder,GlesseesGorGTenants,GsignersGofGcontractualGagreements
OwnerGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
standGtoGloseGtheirGinvestmentGinGtheirGbuildingGandGotherGpropertyGasGwellGasGtheirGsourceGofGinc
ome
MortgageGorGLienGholderGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
onlyGhasGoneGwhenGthereGisGanGunpaidGbalanceGonGtheGpropertyGloan
LesseesGorGtenantsGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
whenGtenantsGsignGleases,GtheyGareGgrantedGtheGrightGtoGoccupyGtheGpremisesGforGaGstipulatedGa
mountGofGtimeGwhichGgivesGthemGinsurableGinterest
SignersGofGcontractualGagreementsGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
certainGcontractsGmayGrequireGtheGlesseeGtoGprovideGdirectGdamageGinsuranceGonGtheGleasedGpro
pertyGwhichGcreatesGanGinsurableGinterest
DirectGlossG-GCORRECTGANSWERG-lossGorGdamageGasGaGdirectGresultGofGaGcoveredGcauseGofGloss
IndirectGlossG-GCORRECTGANSWERG-aGlossGofGincomeGresultingGfromGaGdirectGlossGtoGproperty
ActualGcashGvalueG-GCORRECTGANSWERG-
depreciationGandGobsolescenceGareGdeductedGfromGtheGvalueGofGtheGproperty
ANSWERS 2025
RealGpropertyG-GCORRECTGANSWERG-
comprisedGofGbuildings,Gstructures,GandGfixturesGthatGareGtangible,GcanGbeGseen
LandG-GCORRECTGANSWERG-realGproperty,GbutGisGgenerallyGnotGtheGsubjectGofGinsurance
BuildingsG-GCORRECTGANSWERG-realGproperty,GhaveGwallsGandGaGroof
StructuresG-GCORRECTGANSWERG-anyGconstruction,GincludingGbuildings
ExamplesGofGstructuresGthatGareGnotGbuildingsG-GCORRECTGANSWERG-three-
sidedGlumberGyardGstorageGshedGorGaGgazebo
OutdoorGfixturesG-GCORRECTGANSWERG-man-
madeGobjectsGotherGthanGbuildingsGorGstructuresGthatGareGattachedGtoGlandGinGsomeGmanner
TypesGofGcommercialGpropertyGexposedGtoGlossG-GCORRECTGANSWERG-
real,Gpersonal,GandGpersonalGpropertyGofGothers
PersonalGpropertyGorGBPPG-GCORRECTGANSWERG-
InGgeneral,GincludesGmostGofGtheGequipment,Gsupplies,Gstock,Gmachinery,Getc.GAndGmaterialGusedG
toGoperateGtheGnamedGinsured'sGbusinessG(i.e.GOfficeGequipment)
PersonalGpropertyGofGothersG-GCORRECTGANSWERG-
propertyGthatGisGinGtheGcare,Gcustody,GorGcontrolGofGtheGinsureds
WhenGtoGcoverGpersonalGpropertyGofGothersGonGpropertyGversusGinlandGmarineG-
GCORRECTGANSWERG-ifGtheGexposureGisGincidentalGorGifGitGisGextensive
, InsurableGinterestG-GCORRECTGANSWERG-
partiesGthatGhaveGaGfinancialGstakeGorGequityGinGaGproperty
CommercialGpropertyGinsurableGinterestGpartiesG-GCORRECTGANSWERG-
owner,GmortgageGorGlienGholder,GlesseesGorGTenants,GsignersGofGcontractualGagreements
OwnerGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
standGtoGloseGtheirGinvestmentGinGtheirGbuildingGandGotherGpropertyGasGwellGasGtheirGsourceGofGinc
ome
MortgageGorGLienGholderGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
onlyGhasGoneGwhenGthereGisGanGunpaidGbalanceGonGtheGpropertyGloan
LesseesGorGtenantsGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
whenGtenantsGsignGleases,GtheyGareGgrantedGtheGrightGtoGoccupyGtheGpremisesGforGaGstipulatedGa
mountGofGtimeGwhichGgivesGthemGinsurableGinterest
SignersGofGcontractualGagreementsGinGregardsGtoGinsurableGinterestG-GCORRECTGANSWERG-
certainGcontractsGmayGrequireGtheGlesseeGtoGprovideGdirectGdamageGinsuranceGonGtheGleasedGpro
pertyGwhichGcreatesGanGinsurableGinterest
DirectGlossG-GCORRECTGANSWERG-lossGorGdamageGasGaGdirectGresultGofGaGcoveredGcauseGofGloss
IndirectGlossG-GCORRECTGANSWERG-aGlossGofGincomeGresultingGfromGaGdirectGlossGtoGproperty
ActualGcashGvalueG-GCORRECTGANSWERG-
depreciationGandGobsolescenceGareGdeductedGfromGtheGvalueGofGtheGproperty