NJ Property Producer Exam
Companion 2026/2027
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Dwelling Policy -ANSWER✅✅✅Only insures property
DP-1 -ANSWER✅✅✅Basic Form
DP-2 -ANSWER✅✅✅Broad Form
DP-3 -ANSWER✅✅✅Special Form
Dwelling Coverage A -ANSWER✅✅✅Dwelling- Covers dwelling, structures attached to
dwelling, and materials/supplies for the dwelling.
Dwelling Coverage B -ANSWER✅✅✅Other Structures- Insures buildings on premise
but separate from the dwelling.
Dwelling Coverage C -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 -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 -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 -ANSWER✅✅✅Broad Form. Owner Occupied
HO-3 -ANSWER✅✅✅Special Form. Owner Occupied
HO-4 -ANSWER✅✅✅Tenants or Renters.