CIC COMMERCIAL PROPERTY EAXM WITH COMPLETE
SOLUTION LATEST 2025/2026 NEW!!
What are commercial property loss exposures - Answers Buildings, personal property of
owner, others and off premises, business income.
What are some causes of loss - Answers Fire, accident, weather, crime and disaster.
What should be considered when determining coverage amounts - Answers poten al for loss
and probable maximum loss.
Coveage form includes loss payment at Actual Cash Value or ACV, what is ACV> - Answers The
amount of loss minus deprecia on. No set formula or defini on for deprecia on.
What is included in building coverage - Answers A'ached to land, Property used to maintain
the building, cooking and ven la on, cooking, laundry equip, floor covering, installed fixtures in
and out (permanently in ground), repairs in progress, outdoor property. completed addi ons,
What is included in personal property - Answers located in building in open or in a vehicle
w/in 100 1. furniture, fixtures, machinery and equipment, stock, insureds bpp, labor and
materials used in business, improvements and be'erments (part of building and can not legally
remove. leased bpp under a contract.
elements of co insurance - Answers did/should x loss = amount paid minus deduc ble
Replacement cost defeni on - Answers replace with or rebuild to like kind and material,
includes debri removal.
SOLUTION LATEST 2025/2026 NEW!!
What are commercial property loss exposures - Answers Buildings, personal property of
owner, others and off premises, business income.
What are some causes of loss - Answers Fire, accident, weather, crime and disaster.
What should be considered when determining coverage amounts - Answers poten al for loss
and probable maximum loss.
Coveage form includes loss payment at Actual Cash Value or ACV, what is ACV> - Answers The
amount of loss minus deprecia on. No set formula or defini on for deprecia on.
What is included in building coverage - Answers A'ached to land, Property used to maintain
the building, cooking and ven la on, cooking, laundry equip, floor covering, installed fixtures in
and out (permanently in ground), repairs in progress, outdoor property. completed addi ons,
What is included in personal property - Answers located in building in open or in a vehicle
w/in 100 1. furniture, fixtures, machinery and equipment, stock, insureds bpp, labor and
materials used in business, improvements and be'erments (part of building and can not legally
remove. leased bpp under a contract.
elements of co insurance - Answers did/should x loss = amount paid minus deduc ble
Replacement cost defeni on - Answers replace with or rebuild to like kind and material,
includes debri removal.
