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NJ PROPERTY PRODUCER EXAM
ACTUAL 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
Dwelling Policy - correct answer-Only insures property
DP-1 - correct answer-Basic Form
DP-2 - correct answer-Broad Form
DP-3 - correct answer-Special Form
Dwelling Coverage A - correct answer-Dwelling- Covers dwelling,
structures attached to dwelling, and materials/supplies for the
dwelling.
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Dwelling Coverage B - correct answer-Other Structures- Insures
buildings on premise but separate from the dwelling.
Dwelling Coverage C - correct answer-Personal Property- Covers
the insured's personal property and must be requested. If rental
property, a tenant's property is not covered.
Dwelling Coverage D - correct answer-Fair Rental Value- Covers
insured in the event a covered loss makes the rental portion of a
property unfit for normal use.
Dwelling Coverage E - correct answer-Additional Living Expense-
Included in DP-2 & DP-3 and pays for additional living expenses
the insured incurs after a loss. DP-1 by endorsement.
HO-2 - correct answer-Broad Form. Owner Occupied
HO-3 - correct answer-Special Form. Owner Occupied
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HO-4 - correct answer-Tenants or Renters.
HO-5 - correct answer-Comprehensive Form (Open). Covers
everything minus named exclusions.
HO-6 - correct answer-Condominium Owners
HO-8 - correct answer-Modified form. For special Risks. Think
Antique homes.
Mobile Homes - correct answer-By endorsement to a DP or HO
policy. Can be a separate policy. Insures home, other structures
(10%) and contents. Personal property - 40% of coverage.
Permanent Foundation.
Time Element Coverage Forms - correct answer-Business
Income. Covers loss of income and expenses due to suspension
of business following a covered loss.
NJ PROPERTY PRODUCER EXAM
ACTUAL 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
Dwelling Policy - correct answer-Only insures property
DP-1 - correct answer-Basic Form
DP-2 - correct answer-Broad Form
DP-3 - correct answer-Special Form
Dwelling Coverage A - correct answer-Dwelling- Covers dwelling,
structures attached to dwelling, and materials/supplies for the
dwelling.
, Page | 2
Dwelling Coverage B - correct answer-Other Structures- Insures
buildings on premise but separate from the dwelling.
Dwelling Coverage C - correct answer-Personal Property- Covers
the insured's personal property and must be requested. If rental
property, a tenant's property is not covered.
Dwelling Coverage D - correct answer-Fair Rental Value- Covers
insured in the event a covered loss makes the rental portion of a
property unfit for normal use.
Dwelling Coverage E - correct answer-Additional Living Expense-
Included in DP-2 & DP-3 and pays for additional living expenses
the insured incurs after a loss. DP-1 by endorsement.
HO-2 - correct answer-Broad Form. Owner Occupied
HO-3 - correct answer-Special Form. Owner Occupied
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HO-4 - correct answer-Tenants or Renters.
HO-5 - correct answer-Comprehensive Form (Open). Covers
everything minus named exclusions.
HO-6 - correct answer-Condominium Owners
HO-8 - correct answer-Modified form. For special Risks. Think
Antique homes.
Mobile Homes - correct answer-By endorsement to a DP or HO
policy. Can be a separate policy. Insures home, other structures
(10%) and contents. Personal property - 40% of coverage.
Permanent Foundation.
Time Element Coverage Forms - correct answer-Business
Income. Covers loss of income and expenses due to suspension
of business following a covered loss.
