CISR PERSONAL LINES MISCELLANEOUS EXAM 2026-2027 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES |AGRADE (25pages)

What is the Permitted Incidental Occupancies - Residence Premises HO 04 42 used for? - ANSWER- An other structure with an eligible incidental "business" exposure typically offices, schools, or studios. 

 

Rationale; The Limit of Liability & Description of Other Structure must be shown in the Schedule. 

 

Under a standard ISO Homeowners policy, what are the two Coverage C - Personal Property Special Limits of Liability that apply to property used primarily for business? - ANSWER- 1 - $2,500.00 for personal property used primarily for "business" while on the "residence premises." 

 

Rationale; 2 - $1,500.00 for personal property used primarily for 

"business" while away from the "residence premises" 

 

*The limitations do not apply to property used occasionally for "business."