CISR Personal Residential Property Questions
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with Correct Answers 2025
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Actual ghCash ghValue gh- ghCORRECT ghANSWER gh-
property's ghreplacement ghcost ghvalue ghless ghdepreciation ghaccording ghto ghthe ghage ghof ghthe
ghproperty ghor ghres ghults ghin gha ghreduction ghin ghvalue ghfor ghnormal ghwear ghand ghtear ghof ghthe
ghproperty ghjust ghprior ghto ghthe ghloss
Beneficiary gh- ghCORRECT ghANSWER gh-a ghparty ghthat ghreceives gha ghtrust's ghassets ghwhen gha ghtrustor
gh dies
Boarders/Roomers gh- ghCORRECT ghANSWER gh-
individuals ghwho ghrent ghrooms ghin gha ghdwelling ghoccupied ghby ghother ghboarders ghand/or ghthe
ghdwelling's ghow ghner; ghinhabitants ghshare ghcommon ghspaces ghand ghkitchen ghfacilities
Conditional ghContract gh- ghCORRECT ghANSWER gh-
the ghinsured ghmust ghabide ghby ghthe ghterms ghof ghthe ghpolicy ghfor ghthe ghpolicy ghcontract ghto ghbe
gh enforceable
Conditions gh- ghCORRECT ghANSWER gh-
obligations ghrequired ghof ghan ghinsured ghand ghinsurance ghcompany ghto ghcarry ghout ghother ghpolicy
ghprovisions
Co-Ownership gh- ghCORRECT ghANSWER gh-dwellings ghowned ghby ghtwo ghindividuals
Declarations ghPage gh- ghCORRECT ghANSWER gh-
the ghpart ghof gha ghpolicy ghthat ghidentifies ghthe ghnamed ghinsured, ghand ghincludes ghan ghaddress, ghthe
ghpolicy ghperio ghd, ghthe ghinsured ghlocation, ghpolicy ghlimits, ghand ghany ghother ghkey ghinformation
ghpeculiar ghto ghthe ghinsured
Dwelling gh- ghCORRECT ghANSWER gh-
a ghhouse's ghstructure ghand ghthings ghsuch ghas ghgarages, ghdecks, ghor ghporches ghattached ghto ghthat
ghstructure
Dwelling ghunder ghConstruction gh- ghCORRECT ghANSWER gh-dwellings ghin ghthe ghcourse ghof ghconstruction
,Endorsement gh- ghCORRECT ghANSWER gh-
amendment ghor ghaddition ghto ghlanguage ghin gha ghpolicy ghcontract ghthat ghaffects ghcoverage
Exclusions gh- ghCORRECT ghANSWER gh-provisions ghthat gheliminate ghcoverage ghfor ghsome ghtype ghof ghrisk
Grantor gh- ghCORRECT ghANSWER gh-an ghindividual ghwho ghestablishes gha ghtrust
ISO gh- ghCORRECT ghANSWER gh-Insurance ghServices ghOffice
Incidental ghOccupancy gh- ghCORRECT ghANSWER gh-a ghbusiness ghoperating ghwithin gha ghdwelling
Life ghEstate gh- ghCORRECT ghANSWER gh-
ownership gharrangement ghthat ghsplits ghownership ghbetween ghthe ghgiver ghand ghreceiver
Long-Term ghPurchase/Contract ghof ghSale gh- ghCORRECT ghANSWER gh-
ownership gharrangement ghwhen ghthe ghtitle ghof ghthe ghproperty ghdoes ghnot ghpass ghfrom ghthe ghseller
ghuntil ghall ghth ghe ghterms ghof ghthe ghinstallment ghcontract ghhave ghbeen ghsatisfied; gha gh"lease-to-own"
ghtype ghagreement
Named ghPerils gh- ghCORRECT ghANSWER gh-coverage ghonly ghfor ghperils ghlisted ghin gha ghpolicy
Open ghPerils gh- ghCORRECT ghANSWER gh-
coverage ghfor ghany ghreason ghnot ghspecifically ghexcluded ghfrom gha ghpolicy
Peril gh- ghCORRECT ghANSWER gh-
an ghevent ghthat ghcauses ghor ghhas ghthe ghpotential ghto ghcause ghdamage ghor ghloss, ghsuch ghas gha ghfire ghor
ghfalling ghobje ghct
, P.I.N.E.S gh- ghCORRECT ghANSWER gh-
acronym ghused ghto ghdescribe ghthe ghkey ghconditions ghof ghduties ghafter ghloss: ghProtect, ghInventory,
ghNotify, ghExh ghibit, ghSubmit
Replacement ghCost gh- ghCORRECT ghANSWER gh-
cost ghto ghreplace ghdamaged ghproperty ghwith ghlike ghkind ghand ghquality ghat ghtoday's ghvalue
Seasonal ghDwelling gh- ghCORRECT ghANSWER gh-
dwelling ghwith ghcontinuous ghunoccupancy ghof ghthree ghor ghmore ghconsecutive ghmonths ghduring
ghany ghone- ghyear ghperiod
Settlor gh- ghCORRECT ghANSWER gh-an ghindividual ghwho ghestablishes gha ghtrust
Tangible gh- ghCORRECT ghANSWER gh-
real, ghphysical ghproperty ghthat ghyou ghcan ghtouch, ghor ghproperty ghis ghphysically ghpresent ghand ghis
ghmade ghof ghphy ghsical ghmaterials
Trust gh- ghCORRECT ghANSWER gh-
a ghrelationship ghin ghwhich ghone ghparty ghholds ghproperty ghfor ghthe ghbenefit ghof ghanother ghparty
Trustee gh- ghCORRECT ghANSWER gh-
an ghindividual ghwho ghmanages gha ghtrust; ghoften ghan ghattorney ghor ghaccountant
Trustor gh- ghCORRECT ghANSWER gh-
an ghindividual ghwho ghestablishes gha ghtrust; ghtrustor, ghsettlor, ghcreator, ghor ghgrantor
Liberalization ghClause gh- ghCORRECT ghANSWER gh-
If ghthe ghcarrier ghmakes gha ghchange, ghduring ghthe ghpolicy ghperiod ghor ghwithin gh60 ghdays ghprior ghto ghthe
ghpolicy, ghwh ghich ghbroadens ghcoverage, ghand ghdoes ghnot ghcharge ghpremium, ghthe ghchange ghwill ghbe
ghapplied ghon ghthe ghdama ghge ghit ghis ghimplemented ghin ghthe ghpolicy's ghstate
gh gh gh gh
with Correct Answers 2025
gh gh gh gh
Actual ghCash ghValue gh- ghCORRECT ghANSWER gh-
property's ghreplacement ghcost ghvalue ghless ghdepreciation ghaccording ghto ghthe ghage ghof ghthe
ghproperty ghor ghres ghults ghin gha ghreduction ghin ghvalue ghfor ghnormal ghwear ghand ghtear ghof ghthe
ghproperty ghjust ghprior ghto ghthe ghloss
Beneficiary gh- ghCORRECT ghANSWER gh-a ghparty ghthat ghreceives gha ghtrust's ghassets ghwhen gha ghtrustor
gh dies
Boarders/Roomers gh- ghCORRECT ghANSWER gh-
individuals ghwho ghrent ghrooms ghin gha ghdwelling ghoccupied ghby ghother ghboarders ghand/or ghthe
ghdwelling's ghow ghner; ghinhabitants ghshare ghcommon ghspaces ghand ghkitchen ghfacilities
Conditional ghContract gh- ghCORRECT ghANSWER gh-
the ghinsured ghmust ghabide ghby ghthe ghterms ghof ghthe ghpolicy ghfor ghthe ghpolicy ghcontract ghto ghbe
gh enforceable
Conditions gh- ghCORRECT ghANSWER gh-
obligations ghrequired ghof ghan ghinsured ghand ghinsurance ghcompany ghto ghcarry ghout ghother ghpolicy
ghprovisions
Co-Ownership gh- ghCORRECT ghANSWER gh-dwellings ghowned ghby ghtwo ghindividuals
Declarations ghPage gh- ghCORRECT ghANSWER gh-
the ghpart ghof gha ghpolicy ghthat ghidentifies ghthe ghnamed ghinsured, ghand ghincludes ghan ghaddress, ghthe
ghpolicy ghperio ghd, ghthe ghinsured ghlocation, ghpolicy ghlimits, ghand ghany ghother ghkey ghinformation
ghpeculiar ghto ghthe ghinsured
Dwelling gh- ghCORRECT ghANSWER gh-
a ghhouse's ghstructure ghand ghthings ghsuch ghas ghgarages, ghdecks, ghor ghporches ghattached ghto ghthat
ghstructure
Dwelling ghunder ghConstruction gh- ghCORRECT ghANSWER gh-dwellings ghin ghthe ghcourse ghof ghconstruction
,Endorsement gh- ghCORRECT ghANSWER gh-
amendment ghor ghaddition ghto ghlanguage ghin gha ghpolicy ghcontract ghthat ghaffects ghcoverage
Exclusions gh- ghCORRECT ghANSWER gh-provisions ghthat gheliminate ghcoverage ghfor ghsome ghtype ghof ghrisk
Grantor gh- ghCORRECT ghANSWER gh-an ghindividual ghwho ghestablishes gha ghtrust
ISO gh- ghCORRECT ghANSWER gh-Insurance ghServices ghOffice
Incidental ghOccupancy gh- ghCORRECT ghANSWER gh-a ghbusiness ghoperating ghwithin gha ghdwelling
Life ghEstate gh- ghCORRECT ghANSWER gh-
ownership gharrangement ghthat ghsplits ghownership ghbetween ghthe ghgiver ghand ghreceiver
Long-Term ghPurchase/Contract ghof ghSale gh- ghCORRECT ghANSWER gh-
ownership gharrangement ghwhen ghthe ghtitle ghof ghthe ghproperty ghdoes ghnot ghpass ghfrom ghthe ghseller
ghuntil ghall ghth ghe ghterms ghof ghthe ghinstallment ghcontract ghhave ghbeen ghsatisfied; gha gh"lease-to-own"
ghtype ghagreement
Named ghPerils gh- ghCORRECT ghANSWER gh-coverage ghonly ghfor ghperils ghlisted ghin gha ghpolicy
Open ghPerils gh- ghCORRECT ghANSWER gh-
coverage ghfor ghany ghreason ghnot ghspecifically ghexcluded ghfrom gha ghpolicy
Peril gh- ghCORRECT ghANSWER gh-
an ghevent ghthat ghcauses ghor ghhas ghthe ghpotential ghto ghcause ghdamage ghor ghloss, ghsuch ghas gha ghfire ghor
ghfalling ghobje ghct
, P.I.N.E.S gh- ghCORRECT ghANSWER gh-
acronym ghused ghto ghdescribe ghthe ghkey ghconditions ghof ghduties ghafter ghloss: ghProtect, ghInventory,
ghNotify, ghExh ghibit, ghSubmit
Replacement ghCost gh- ghCORRECT ghANSWER gh-
cost ghto ghreplace ghdamaged ghproperty ghwith ghlike ghkind ghand ghquality ghat ghtoday's ghvalue
Seasonal ghDwelling gh- ghCORRECT ghANSWER gh-
dwelling ghwith ghcontinuous ghunoccupancy ghof ghthree ghor ghmore ghconsecutive ghmonths ghduring
ghany ghone- ghyear ghperiod
Settlor gh- ghCORRECT ghANSWER gh-an ghindividual ghwho ghestablishes gha ghtrust
Tangible gh- ghCORRECT ghANSWER gh-
real, ghphysical ghproperty ghthat ghyou ghcan ghtouch, ghor ghproperty ghis ghphysically ghpresent ghand ghis
ghmade ghof ghphy ghsical ghmaterials
Trust gh- ghCORRECT ghANSWER gh-
a ghrelationship ghin ghwhich ghone ghparty ghholds ghproperty ghfor ghthe ghbenefit ghof ghanother ghparty
Trustee gh- ghCORRECT ghANSWER gh-
an ghindividual ghwho ghmanages gha ghtrust; ghoften ghan ghattorney ghor ghaccountant
Trustor gh- ghCORRECT ghANSWER gh-
an ghindividual ghwho ghestablishes gha ghtrust; ghtrustor, ghsettlor, ghcreator, ghor ghgrantor
Liberalization ghClause gh- ghCORRECT ghANSWER gh-
If ghthe ghcarrier ghmakes gha ghchange, ghduring ghthe ghpolicy ghperiod ghor ghwithin gh60 ghdays ghprior ghto ghthe
ghpolicy, ghwh ghich ghbroadens ghcoverage, ghand ghdoes ghnot ghcharge ghpremium, ghthe ghchange ghwill ghbe
ghapplied ghon ghthe ghdama ghge ghit ghis ghimplemented ghin ghthe ghpolicy's ghstate
