NJ PSI PROPERTY AND CASUALTY EXAM ACTUAL EXAM A, B

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1 NJ PSI PROPERTY AND CASUALTY EXAM ACTUAL EXAM A, B &

C AND PRACTICE TEST ALL 500 QUESTIONS AND CORRECT

ANSWERS ALREADY GRADED A+

NJ PSI PROPERTY AND CASUALTY EXAM A

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. -

ANSWER-C. A Gazebo.

Under Homeowners policies, the base deductible applicable to property losses, Section I, is?

A. $100

B. $250

C. $500

D. $1000 - ANSWER-B. $250

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

• State. 1 / 4

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• Municipal.
• Federal.
• Worldwide. - ANSWER-C. 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. - ANSWER-C. Loss of Use Coverage.

The National Flood Insurance Program (NFIP) standards are set by, and the Program is administered by, the?

• National Flood Management Association (NFMA)
• National Emergency Standards Agency (NESA)
• Federal Flood Coverage Association (FFCA)
• Federal Emergency Management Agency (FEMA) - ANSWER-D. Federal Emergency

Management Agency (FEMA)

Under Homeowners policies, which of the following is/are considered optional property coverage endorsement(s)? 2 / 4

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• Earthquake.
• Fine Arts.
• Replacement Cost coverage on personal property.
• All of the above. - ANSWER-D. All of the above.

Under an NFIP Flood policy, flood is broadly defined as all of the following except?

• The overflow of inland or tidal waters.
• Mudflow, a river of liquid and flowing mud on the surfaces of normally dry land area, as

when earth is carried by a current of water.

• Heavy, driving sheets of wind blown rain.
• The collapse of subsidence of land along the shore of a lake or similar body of water as a

result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood. - ANSWER-C. Heavy, driving sheets of wind blown rain.

Under an NFIP Flood policy, in most cases the waiting period before a new policy can be made effective is?

• 10 days.
• 20 days.
• 30 days.
• 60 days. - ANSWER-C. 30 days. 3 / 4

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If your baby sitter falls down the stairs in your home and breaks her leg, her injury will be covered by?

• Your Homeowners policy.
• Your Medical Insurance policy.
• The babysitter's Homeowners policy.
• The babysitter's Medical Insurance policy. - ANSWER-A. Your Homeowners policy.

On Homeowners policies, the full limit on personal property (Coverage C) applies to personal property while it is?

• In the state of residence only.
• In the United States only.
• Anywhere in the world.
• In the United States and Canada only. - ANSWER-C. Anywhere in the world.

Under an NFIP Flood policy, there is coverage for?

• Both direct damage and loss of use.
• Direct damage only.
• Loss of use only.
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