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NJ PSI PROPERTY AND CASUALTY EXAM
NEWEST ACTUAL EXAM 250 QUESTIONS AND
CORRECT DETAILED ANSWERS |ALREADY
GRADED A
Question 1: The Mobile Home Endorsement of a Homeowners
policy affords coverage to mobile homes under the?
a) HO-1 (Basic Form)
b) HO-2 (Broad Form)
c) HO-3 (Special Form)
d) HO-2 or HO-3 (Broad and Special)
CORRECT ANSWER : d) HO-2 or HO-3 (Broad and Special)
Question 2: All of the following are eligible for coverage under
Homeowners policy except?
a) A condominium unit owner
b) A farm owner
c) A mobile home owner
d) A tenant in an apartment building
CORRECT ANSWER : b) A farm owner
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Question 3: The term Insured Location under Section II of
Homeowners policies refers to all of the following except?
a) The insured premises
b) Farm land
c) A non-owned premises where an insured temporarily resides
d) A newly-acquired premises
CORRECT ANSWER : b) Farm land
Question 4: All of the following would be considered insured's
under a Homeowner's policy except?
a) Resident relatives of the insured
b) A non-relative resident under age 21 in the care of the insured
c) The insured's spouse if the spouse lives in the household
d) A non-relative resident over age 21
CORRECT ANSWER : d) A non-relative resident over age 21
Question 5: All of the following homeowners policies provide
dwelling coverage except?
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a) HO-2
b) HO-3
c) HO-4
d) HO-1
CORRECT ANSWER : c) HO-4
Question 6: Dwelling coverage A includes all of the following
except?
a) The dwelling
b) The deck on the back of the dwelling
c) A Gazebo
d) Construction materials on the residence premises for use in
the repair of the dwelling
CORRECT ANSWER : c) A Gazebo
Question 7: Under Homeowners policies, the base deductible
applicable to property losses, Section I, is?
- $100
- $250
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- $500
- $1000
CORRECT ANSWER : b) $250
Question 8: The National Flood Insurance Program (NFIP) is a
________ program?
a) State
b) Municipal
c) Federal
d) Worldwide
CORRECT ANSWER : c) Federal
Question 9: All of the following are optional coverage's under
Homeowners policies except?
a) Personal Property Replacement Cost coverage
b) Increased coverage limits from items such as jewelry, furs,
and silverware
