1|Page
CGMS Practice Exam 2026 Actual Comprehensive
Questions and Verified Answers ||Verified
Exam!!||(Correct Answers) Graded A+ ||Newest
Exam!!!
An insured owns a commercial business insured on the
Business and Personal Property Coverage Form. If the
Outdoor Property Coverage Extension applies, the
insured's fences, antennas, and plants are insured against
all of the following perils, except:
A
Fire or lightning
B
Aircraft
C
Windstorm
D
Riot or civil commotion - Answer-C
Windstorm
,2|Page
The Outdoor Property Coverage Extension provides
coverage for outdoor fences, radio and television
antennas, satellite dishes, trees, shrubs, and plants
against a limited number of perils, including fire, lightning,
explosion, riot or civil commotion, and aircraft. Windstorm,
hail, vandalism, and vehicles are not covered perils under
this extension.
A Commercial Package policy includes the Building and
Personal Property Coverage Form and business
interruption coverages. The policy would include all of the
following conditions as Commercial Property Conditions,
except:
A
Other Insurance
B
Transfer of Your Rights and Duties Under This Policy
C
Legal Action Against Us
D
Transfer of Rights of Recovery Against Others to Us -
Answer-B
, 3|Page
Transfer of Your Rights and Duties Under This Policy
Transfer of Your Rights and Duties Under This Policy, the
Assignment condition, is found in the Common Policy
Conditions, applicable to the CPP as a whole. The other
conditions are all considered Commercial Property
Conditions.
Under the Building and Personal Property Coverage Form,
commercial insureds may select any of the following
coverages as Optional Coverages, except:
A
Property Off Premises
B
Agreed Value
C
Replacement Cost
D
Inflation Guard - Answer-A
Property Off Premises
CGMS Practice Exam 2026 Actual Comprehensive
Questions and Verified Answers ||Verified
Exam!!||(Correct Answers) Graded A+ ||Newest
Exam!!!
An insured owns a commercial business insured on the
Business and Personal Property Coverage Form. If the
Outdoor Property Coverage Extension applies, the
insured's fences, antennas, and plants are insured against
all of the following perils, except:
A
Fire or lightning
B
Aircraft
C
Windstorm
D
Riot or civil commotion - Answer-C
Windstorm
,2|Page
The Outdoor Property Coverage Extension provides
coverage for outdoor fences, radio and television
antennas, satellite dishes, trees, shrubs, and plants
against a limited number of perils, including fire, lightning,
explosion, riot or civil commotion, and aircraft. Windstorm,
hail, vandalism, and vehicles are not covered perils under
this extension.
A Commercial Package policy includes the Building and
Personal Property Coverage Form and business
interruption coverages. The policy would include all of the
following conditions as Commercial Property Conditions,
except:
A
Other Insurance
B
Transfer of Your Rights and Duties Under This Policy
C
Legal Action Against Us
D
Transfer of Rights of Recovery Against Others to Us -
Answer-B
, 3|Page
Transfer of Your Rights and Duties Under This Policy
Transfer of Your Rights and Duties Under This Policy, the
Assignment condition, is found in the Common Policy
Conditions, applicable to the CPP as a whole. The other
conditions are all considered Commercial Property
Conditions.
Under the Building and Personal Property Coverage Form,
commercial insureds may select any of the following
coverages as Optional Coverages, except:
A
Property Off Premises
B
Agreed Value
C
Replacement Cost
D
Inflation Guard - Answer-A
Property Off Premises
