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CIC COMMERCIAL PROPERTY EXAM
2026 LATEST QUESTIONS AND
CORRECT ANSWERS AGRADE
Pollutants = any solid, liquid, gaseous, or thermal irritant or contaminant
including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste.
Waste includes materials to be recycled
Stock = merchandize held in storage or for sale, raw materials and in-
process / finished goods, including supplies used in their packing/shipping
Covered Property: Building 5 categories of covered property - CORRECT
ANSWER✔✔ Building/structures described in the declarations, including:
1. Completed additions
2. fixtures, including outdoor fixtures
3. permanently installed (no intent to remove) Machinery and Equipment
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4. PP owned by you to maintain/service the premises (fire extinguisher,
dishwashers)
5. additions under construction and building supplies within 100ft (if NOT
covered by other insurance)
Endorsements to Modify Covered Property Building:
Additional Building Property Endorsement
Additional Property Not Covered Endorsement - CORRECT ANSWER✔✔
Additional Building Property Endorsement
- used to cover certain YBPP under building instead of BPP (church organ,
freezer cases)
Additional Property Not Covered Endorsement
- excludes specific types of property if the NI or Insurer does not want/need
to cover the property
Covered Property: Your Business PP
7 categories - CORRECT ANSWER✔✔ In/on the premises or within 100ft
1. Furniture and Fixtures (which would be removed when building is
vacated)
2. Machinery / Equipment not permanently installed
3. Stock (merchandise)
4. your owned PP used in your business
5. labor/materials, services put into customer's property (ex: dry cleaners)
6. Use interest in betterments/improvements
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7. Leased property (contractual responsibility to Insure)
Endorsements that modify covered property - YBPP
Additional Property Not Covered Endorsement
Leased Property Endorsement
YBPP - Separate Coverage Endorsement - CORRECT ANSWER✔✔ Additional
Property Not Covered Endorsement
- Excludes specific types of property if the NI or Insurer does not want/need
to cover the property
Leased Property Endorsement
- used to insure PP leased to the NI as YBPP rather than as PP of Others
YBPP - Separate Coverage Endorsement
- can separate and specify a LOI for any of the seven categories of YBPP
Transfer of Rights of Recovery Against Others to Us (Waiver of subrogation)
- CORRECT ANSWER✔✔ 1. can waive rights of recovery against anyone as
long as it is in writing and PRIOR to a loss
2. After a loss, can ONLY waive if in writing and the responsible party is:
- another insured
- a business owned/controlled by the NI
- a tenant of the NI
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Covered Property - PP of Others - 2 categories - CORRECT ANSWER✔✔ 1.
PPOO in your CCC
2. Located in/on premises or within 100 ft
Additional Covered Property Endorsement - CORRECT ANSWER✔✔ Can be
used to buy back certain property that is not covered
Are underground pipes covered?
Are Retaining walls covered?
Are Building Foundations covered? - CORRECT ANSWER✔✔ No.
Retaining walls are only covered if connected to the building
Building Foundations which are below the lowest basement floor or the
surface of the ground are NOT covered
Specific Coverage
Scheduled Coverage
Blanket Coverage
how many locations? - CORRECT ANSWER✔✔ Specific
- One Loc
- specific amount of insurance for each type of property
Scheduled
- two or more locs
CIC COMMERCIAL PROPERTY EXAM
2026 LATEST QUESTIONS AND
CORRECT ANSWERS AGRADE
Pollutants = any solid, liquid, gaseous, or thermal irritant or contaminant
including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste.
Waste includes materials to be recycled
Stock = merchandize held in storage or for sale, raw materials and in-
process / finished goods, including supplies used in their packing/shipping
Covered Property: Building 5 categories of covered property - CORRECT
ANSWER✔✔ Building/structures described in the declarations, including:
1. Completed additions
2. fixtures, including outdoor fixtures
3. permanently installed (no intent to remove) Machinery and Equipment
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4. PP owned by you to maintain/service the premises (fire extinguisher,
dishwashers)
5. additions under construction and building supplies within 100ft (if NOT
covered by other insurance)
Endorsements to Modify Covered Property Building:
Additional Building Property Endorsement
Additional Property Not Covered Endorsement - CORRECT ANSWER✔✔
Additional Building Property Endorsement
- used to cover certain YBPP under building instead of BPP (church organ,
freezer cases)
Additional Property Not Covered Endorsement
- excludes specific types of property if the NI or Insurer does not want/need
to cover the property
Covered Property: Your Business PP
7 categories - CORRECT ANSWER✔✔ In/on the premises or within 100ft
1. Furniture and Fixtures (which would be removed when building is
vacated)
2. Machinery / Equipment not permanently installed
3. Stock (merchandise)
4. your owned PP used in your business
5. labor/materials, services put into customer's property (ex: dry cleaners)
6. Use interest in betterments/improvements
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7. Leased property (contractual responsibility to Insure)
Endorsements that modify covered property - YBPP
Additional Property Not Covered Endorsement
Leased Property Endorsement
YBPP - Separate Coverage Endorsement - CORRECT ANSWER✔✔ Additional
Property Not Covered Endorsement
- Excludes specific types of property if the NI or Insurer does not want/need
to cover the property
Leased Property Endorsement
- used to insure PP leased to the NI as YBPP rather than as PP of Others
YBPP - Separate Coverage Endorsement
- can separate and specify a LOI for any of the seven categories of YBPP
Transfer of Rights of Recovery Against Others to Us (Waiver of subrogation)
- CORRECT ANSWER✔✔ 1. can waive rights of recovery against anyone as
long as it is in writing and PRIOR to a loss
2. After a loss, can ONLY waive if in writing and the responsible party is:
- another insured
- a business owned/controlled by the NI
- a tenant of the NI
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Covered Property - PP of Others - 2 categories - CORRECT ANSWER✔✔ 1.
PPOO in your CCC
2. Located in/on premises or within 100 ft
Additional Covered Property Endorsement - CORRECT ANSWER✔✔ Can be
used to buy back certain property that is not covered
Are underground pipes covered?
Are Retaining walls covered?
Are Building Foundations covered? - CORRECT ANSWER✔✔ No.
Retaining walls are only covered if connected to the building
Building Foundations which are below the lowest basement floor or the
surface of the ground are NOT covered
Specific Coverage
Scheduled Coverage
Blanket Coverage
how many locations? - CORRECT ANSWER✔✔ Specific
- One Loc
- specific amount of insurance for each type of property
Scheduled
- two or more locs
