CAS Practice Exam 2025 – Complete Study Guide

Question: 1 / 400

Which of the following is NOT considered personal property exposed to loss?

Jewelry and silverware

Antiques and artwork

Land and buildings

Personal property is typically defined as movable items that are not fixed to a specific location, whereas real property includes land and anything permanently attached to it, such as buildings. In this context, land and buildings fall under the category of real property, which is not considered personal property exposed to loss.

In contrast, jewelry and silverware, antiques and artwork, and motor vehicles are all classified as personal property, meaning they can be relocated and are susceptible to various types of loss, such as theft or damage. This distinction is crucial in insurance and risk management because personal property is typically insured under different policies compared to real property, which has its own coverage considerations. Understanding this classification helps in determining coverage limits, exclusions, and types of insurance needed for different assets.

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Motor vehicles

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