CISR Practice Exam 1 Explanation
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Loss of Use - CORRECT ANSWER - Includes extra expenses from a covered loss, like
eating out daily.
Mortgage Payment - CORRECT ANSWER - Not considered loss of use as it's a regular
expense.
Dwelling Policy Program - CORRECT ANSWER - Preferable for a home in a flood zone
over Homeowner Policy.
Dwelling Policies - CORRECT ANSWER - Do not cover flood; can include earthquake
coverage.
Duplex Occupancy - CORRECT ANSWER - Coverage applies if only one side is
occupied.
Homeowners Policy Eligibility - CORRECT ANSWER - Owner renting to a boarder is
eligible.
HO3 Coverage - CORRECT ANSWER - Covers open perils on home, named perils for
personal property.
Coverage B Limit - CORRECT ANSWER - $50,000 standard limit for Other Structures in
HO3.
Coverage C Limit - CORRECT ANSWER - $40,000 standard limit for Other Structures in
HO3.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Loss of Use - CORRECT ANSWER - Includes extra expenses from a covered loss, like
eating out daily.
Mortgage Payment - CORRECT ANSWER - Not considered loss of use as it's a regular
expense.
Dwelling Policy Program - CORRECT ANSWER - Preferable for a home in a flood zone
over Homeowner Policy.
Dwelling Policies - CORRECT ANSWER - Do not cover flood; can include earthquake
coverage.
Duplex Occupancy - CORRECT ANSWER - Coverage applies if only one side is
occupied.
Homeowners Policy Eligibility - CORRECT ANSWER - Owner renting to a boarder is
eligible.
HO3 Coverage - CORRECT ANSWER - Covers open perils on home, named perils for
personal property.
Coverage B Limit - CORRECT ANSWER - $50,000 standard limit for Other Structures in
HO3.
Coverage C Limit - CORRECT ANSWER - $40,000 standard limit for Other Structures in
HO3.
