CISR INSURING COMMERCIAL PROPERTY UPDATED
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT ANSWERS// VERIFIED//GRADED A+//
The Declarations page of a Commercial Property Policy
shows Peter Dragon, Paul Guthrie, and Mary Mitchell,
listed in that order, as the named insureds. The
mortgageholder is listed as the First National Bank. In
the event of a non-payment of premium, under the
Common Policy Conditions of an unendorsed policy, the
insurance company is required to send notice of
cancellation to:
Peter Dragon and First National Bank
Business Income Agreed Value, one of the Optional
Coverages in the Building and Personal Property
Coverage Form ________________.
suspends the coinsurance clause
Which of the following describes what is sometimes
known as an open perils Causes of Loss form?
Page | 1
, The Causes of Loss - Special Form
Losses attributable to the enforcement of laws or
ordinances can be significant. Which of the following is
NOT an Ordinance or Law exposure as referenced in
the Causes of Loss forms?
Loss of property value due to the widening of the road
directly in front of the insured's premises
Jacinto Logistics insures their office and warehouse on
the Causes of Loss - Special Form. Severe cold
weather causes the water pipes to freeze, and water
from the broken pipes causes significant damage. This
loss will be covered if _______________.
Jacinto did their best to maintain heat in the building
Property in transit is covered in which of the following:
The Causes of Loss - Special Form
Page | 2
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT ANSWERS// VERIFIED//GRADED A+//
The Declarations page of a Commercial Property Policy
shows Peter Dragon, Paul Guthrie, and Mary Mitchell,
listed in that order, as the named insureds. The
mortgageholder is listed as the First National Bank. In
the event of a non-payment of premium, under the
Common Policy Conditions of an unendorsed policy, the
insurance company is required to send notice of
cancellation to:
Peter Dragon and First National Bank
Business Income Agreed Value, one of the Optional
Coverages in the Building and Personal Property
Coverage Form ________________.
suspends the coinsurance clause
Which of the following describes what is sometimes
known as an open perils Causes of Loss form?
Page | 1
, The Causes of Loss - Special Form
Losses attributable to the enforcement of laws or
ordinances can be significant. Which of the following is
NOT an Ordinance or Law exposure as referenced in
the Causes of Loss forms?
Loss of property value due to the widening of the road
directly in front of the insured's premises
Jacinto Logistics insures their office and warehouse on
the Causes of Loss - Special Form. Severe cold
weather causes the water pipes to freeze, and water
from the broken pipes causes significant damage. This
loss will be covered if _______________.
Jacinto did their best to maintain heat in the building
Property in transit is covered in which of the following:
The Causes of Loss - Special Form
Page | 2
