The standard ISO commercial property policy has three essential parts. Which trio are these parts?

• A. A cover page; common policy conditions; common declarations
• B. Declarations; endorsements; causes of loss forms
• C. Coverage forms; causes of loss forms; endorsements
• D. Policy conditions; declarations; coverage forms

Answer: (A)

The policy is built from a basic skeleton plus add-ons, organized to keep terms consistent while letting coverage vary. The three essential parts are the cover page, the common policy conditions, and the common declarations. The cover page identifies the insured and the policy's basic framing. The common policy conditions lay out the general rules and duties that apply to the entire policy. The common declarations provide the key details about the insured, the location(s), limits, premiums, and policy period. This structure makes it easier to attach endorsements or specific coverage forms on top of a standard base without changing the core terms. Other options mix in coverage forms or endorsements as core parts, which aren’t the foundational trio.