NJ PSI Property and Casualty Exam

NJ PSI Property and Casualty Exam The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the?

• HO-1 (Basic Form)
• HO-2 (Broad Form)
• HO-3 (Special Form)
• HO-2 or HO-3 (Broad and Special) correct answerD. HO-2 or HO-3 (Broad and Special)

All of the following are eligible for coverage under Homeowners policy except?

• A condominium unit owner.
• A farm owner.
• A mobile home owner.
• A tenant in an apartment building. correct answerB. A farm owner.

The term Insured Location under Section II of Homeowners policies refers to all of the following except?

• The insured premises.
• Farm land.
• A non-owned premises where an insured temporarily resides.
• A newly-acquired premises. correct answerB. Farm land.

All of the following would be considered insured's under a Homeowner's policy expect?

• Resident relatives of the insured.
• A non-relative resident under age 21 in the care of the insured.
• The insured's spouse if the spouse lives in the household.
• A non-relative resident over age 21. correct answerD. A non-relative resident over age 21.

All of the following homeowners policies provide dwelling coverage except? 1 / 2

A. HO-2

B. HO-3

C. HO-4

• HO-1 correct answerC. HO-4

Dwelling coverage A includes all of the following except?

• The dwelling.
• The deck on the back of the dwelling.
• A Gazebo.
• Construction materials on the residence premises for use in the repair of the dwelling. correct

answerC. A Gazebo.Under Homeowners policies, the base deductible applicable to property losses, Section I, is?

A. $100

B. $250

C. $500

• $1000 correct answerB. $250

The National Flood Insurance Program (NFIP) is a ________ program?

• State.
• Municipal.
• Federal.
• Worldwide. correct answerC. Federal.

All of the following are optional coverage's under Homeowners policies except?

• Personal Property Replacement Cost coverage.
• Increased coverage limits from items suck as jewelry, furs, and silverware.
• Loss of Use coverage.
• Earthquake coverage. correct answerC. Loss of Use Coverage.
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