NJ PSI Property and Casualty Exam Questions with
correct Answers
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) ✔✔ D. HO-2 or HO-3 (Broad and Special)
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. ✔✔ B. A farm owner.
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. ✔✔ B. Farm land.
All of the following would be considered insured's under a Homeowner's policy expect?
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. ✔✔ D. A non-relative resident over age 21.
All of the following homeowners policies provide dwelling coverage except?
A. HO-2
B. HO-3
C. HO-4
D. HO-1 ✔✔ C. HO-4
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. ✔✔ C. A Gazebo.
Under Homeowners policies, the base deductible applicable to property losses, Section
I, is?
, A. $100
B. $250
C. $500
D. $1000 ✔✔ B. $250
The National Flood Insurance Program (NFIP) is a ________ program?
A. State.
B. Municipal.
C. Federal.
D. Worldwide. ✔✔ C. Federal.
All of the following are optional coverage's under Homeowners policies except?
A. Personal Property Replacement Cost coverage.
B. Increased coverage limits from items suck as jewelry, furs, and silverware.
C. Loss of Use coverage.
D. Earthquake coverage. ✔✔ C. Loss of Use Coverage.
The National Flood Insurance Program (NFIP) standards are set by, and the Program is
administered by, the?
A. National Flood Management Association (NFMA)
B. National Emergency Standards Agency (NESA)
C. Federal Flood Coverage Association (FFCA)
D. Federal Emergency Management Agency (FEMA) ✔✔ D. Federal Emergency
Management Agency (FEMA)
Under Homeowners policies, which of the following is/are considered optional property
coverage endorsement(s)?
A. Earthquake.
B. Fine Arts.
C. Replacement Cost coverage on personal property.
D. All of the above. ✔✔ D. All of the above.
Under an NFIP Flood policy, flood is broadly defined as all of the following except?
A. The overflow of inland or tidal waters.
B. 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.
C. Heavy, driving sheets of wind blown rain.
D. 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. ✔✔ 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?
A. 10 days.
B. 20 days.
correct Answers
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) ✔✔ D. HO-2 or HO-3 (Broad and Special)
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. ✔✔ B. A farm owner.
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. ✔✔ B. Farm land.
All of the following would be considered insured's under a Homeowner's policy expect?
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. ✔✔ D. A non-relative resident over age 21.
All of the following homeowners policies provide dwelling coverage except?
A. HO-2
B. HO-3
C. HO-4
D. HO-1 ✔✔ C. HO-4
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. ✔✔ C. A Gazebo.
Under Homeowners policies, the base deductible applicable to property losses, Section
I, is?
, A. $100
B. $250
C. $500
D. $1000 ✔✔ B. $250
The National Flood Insurance Program (NFIP) is a ________ program?
A. State.
B. Municipal.
C. Federal.
D. Worldwide. ✔✔ C. Federal.
All of the following are optional coverage's under Homeowners policies except?
A. Personal Property Replacement Cost coverage.
B. Increased coverage limits from items suck as jewelry, furs, and silverware.
C. Loss of Use coverage.
D. Earthquake coverage. ✔✔ C. Loss of Use Coverage.
The National Flood Insurance Program (NFIP) standards are set by, and the Program is
administered by, the?
A. National Flood Management Association (NFMA)
B. National Emergency Standards Agency (NESA)
C. Federal Flood Coverage Association (FFCA)
D. Federal Emergency Management Agency (FEMA) ✔✔ D. Federal Emergency
Management Agency (FEMA)
Under Homeowners policies, which of the following is/are considered optional property
coverage endorsement(s)?
A. Earthquake.
B. Fine Arts.
C. Replacement Cost coverage on personal property.
D. All of the above. ✔✔ D. All of the above.
Under an NFIP Flood policy, flood is broadly defined as all of the following except?
A. The overflow of inland or tidal waters.
B. 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.
C. Heavy, driving sheets of wind blown rain.
D. 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. ✔✔ 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?
A. 10 days.
B. 20 days.
