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NJ PROPERTY PRODUCER EXAM STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)
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NJ PROPERTY PRODUCER EXAM STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)
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ESTUDYNJ PROPERTY PRODUCER EXAM STUDY MATERIALS
QUESTION AND ANSWERS (VERIFIED ANSWERS)
1. **What does a Dwelling Policy cover?**
- A) Property and Liability
- B) Only Property
- C) Liability only
- D) Auto and Property
- **Answer: B) Only Property**
2. **What type of coverage is provided by a DP-1 policy?**
- A) Broad Form
- B) Special Form
- C) Basic Form
- D) Comprehensive Form
- **Answer: C) Basic Form**
3. **What type of coverage is provided by a DP-2 policy?**
- A) Basic Form
- B) Special Form
- C) Broad Form
- D) Comprehensive Form
- **Answer: C) Broad Form**
,ESTUDY
4. **What type of coverage is provided by a DP-3 policy?**
- A) Special Form
- B) Broad Form
- C) Basic Form
- D) Modified Form
- **Answer: A) Special Form**
5. **What does Dwelling Coverage A cover?**
- A) Personal Property
- B) Other Structures
- C) Fair Rental Value
- D) Dwelling and structures attached to the dwelling
- **Answer: D) Dwelling and structures attached to the dwelling**
6. **What does Dwelling Coverage B cover?**
- A) Personal Property
- B) Fair Rental Value
- C) Dwelling
- D) Other Structures on the premises
- **Answer: D) Other Structures on the premises**
7. **What does Dwelling Coverage C cover?**
- A) The dwelling and attached structures
- B) The insured's personal property
- C) Fair Rental Value
, ESTUDY
- D) Liability
- **Answer: B) The insured's personal property**
8. **What does Dwelling Coverage D cover?**
- A) Personal Property
- B) Dwelling
- C) Fair Rental Value
- D) Additional Living Expense
- **Answer: C) Fair Rental Value**
9. **What does Dwelling Coverage E cover?**
- A) Fair Rental Value
- B) Additional Living Expense
- C) Personal Property
- D) Other Structures
- **Answer: B) Additional Living Expense**
10. **What type of coverage does an HO-2 policy provide?**
- A) Comprehensive Form
- B) Tenants or Renters
- C) Broad Form for Owner Occupied
- D) Special Form
- **Answer: C) Broad Form for Owner Occupied**
11. **What type of coverage does an HO-3 policy provide?**
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