CISR COMMERCIAL PROPERTY INSURANCE QUESTIONS WITH CORRECT ANSWERS 2025

CISR COMMERCIAL PROPERTY INSURANCE
QUESTIONS WITH CORRECT ANSWERS 2025
RealGpropertyGisG-GCORRECTGANSWERG-
comprisedGofGbuildings,GstructuresGandGfixturesGthatGareGtangible.GRealGpropertyGcanGbeGseen.



GiveGexamplesGofGRealGPropertyG-GCORRECTGANSWERG-
LandGisGrealGproperty,GbutGitGisGgenerallyGnotGtheGsubjectGofGinsurance.G
G



BuildingsGareGrealGproperty.GTheyGhaveGwallsGandGaGroof.GYouGcanGprobablyGenvisionGmanyGtypesG
ofGbuildings,GrangingGfromGaGsmallGone-storyGofficeGtoGaGskyscraper.G

GStructures.GAGstructureGisGanyGconstruction,GincludingGbuildings.GHowever,GexamplesGofGstructur
esGthatGareGnotGbuildingsGincludeGaG3-
sidedGlumberGyardGstorageGshedGorGaGgazebo.GAnotherGexampleGcanGbeGseenGinGtheGpictureGtoGth
eGleft.GAGstadiumGisGanGexampleGofGaGstructure.G

OutdoorGFixtures.GTheseGareGman-
G


madeGobjects,GotherGthanGbuildingsGorGstructures,GthatGareGattachedGtoGlandGinGsomeGmanner



PersonalGPropertyG-GCORRECTGANSWERG-
TheGinsured'sGpersonalGpropertyGisGalsoGknownGasGYourGBusinessGPersonalGProperty.GSomeGofGtheG
commercialGpropertyGcoverageGformsGdefineGwhatGisGcoveredGasGbusinessGpersonalGproperty.GInGg
eneral,GthisGincludesGmostGofGtheGequipment,Gsupplies,Gstock,Gmachinery,Getc.,GandGmaterialGused
GtoGoperateGtheGnamedGinsured'sGbusiness.G



OfficeGequipmentGisGanGexampleGofGYourGBusinessGPersonalGProperty



InsurableGInterestG-GCORRECTGANSWERG-
Owner:GBusinessGownersGstandGtoGloseGtheirGinvestmentGinGtheirGbuildingGandGotherGpropertyGasG
wellGasGtheirGsourceGofGincome.G

MortgageGorGLienGHolder:GTheGmortgageGorGlienGholderGhasGanGinsurableGinterestGwhenGthereGisGa
nGunpaidGbalanceGonGtheGpropertyGloan.G

GLesseesGorGTenants:GWhenGtenantsGsignGleases,GtheyGareGgrantedGtheGrightGtoGoccupyGtheGdesign
atedGpremisesGforGaGstipulatedGperiodGofGtime.GThisGright-to-
useGcreatesGanGinsurableGinterestGforGtheGtenant.G