Exam (elaborations)
NJ PSI Property and Casualty Exam questions and answers already graded A+ 2024/2025
- Course
- Institution
NJ PSI Property and Casualty Exam questions and answers already graded A+ 2024/2025
[Show more]
Content preview
NJ PSI Property and Casualty ExamThe Mobile Home Endorsement of a Homeowners coverage offers coverage to cell houses
below 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) - ANSD. HO-2 or HO-three (Broad and Special)
All of the following are eligible for insurance under Homeowners policy except?
A. A condo unit owner.
B. A farm proprietor.
C. A cell domestic proprietor.
D. A tenant in an condo building. - ANSB. A farm proprietor.
The term Insured Location beneath Section II of Homeowners guidelines refers to all the
following except?
A. The insured premises.
B. Farm land.
C. A non-owned premises where an insured briefly resides.
D. A newly-acquired premises. - ANSB. Farm land.
All of the subsequent could be taken into consideration insured's beneath a Homeowner's
coverage count on?
A. Resident relatives of the insured.
B. A non-relative resident beneath age 21 within the care of the insured.
C. The insured's partner if the partner lives within the family.
D. A non-relative resident over age 21. - ANSD. A non-relative resident over age 21.
All of the subsequent homeowners regulations offer living insurance except?
A. HO-2
B. HO-3
C. HO-four
D. HO-1 - ANSC. HO-four
Dwelling insurance A consists of all of the following besides?
A. The living.
B. The deck on the lower back of the dwelling.
C. A Gazebo.
D. Construction substances at the house premises for use within the restore of the residing. -
ANSC. A Gazebo.
, Under Homeowners policies, the bottom deductible applicable to belongings losses, Section I,
is?
A. $one hundred
B. $250
C. $500
D. $1000 - ANSB. $250
The National Flood Insurance Program (NFIP) is a ________ application?
A. State.
B. Municipal.
C. Federal.
D. Worldwide. - ANSC. Federal.
All of the subsequent are optionally available coverage's under Homeowners guidelines except?
A. Personal Property Replacement Cost insurance.
B. Increased coverage limits from objects suck as earrings, furs, and silverware.
C. Loss of Use insurance.
D. Earthquake insurance. - ANSC. Loss of Use Coverage.
The National Flood Insurance Program (NFIP) requirements are set through, and the Program is
administered by using, 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) - ANSD. Federal Emergency Management
Agency (FEMA)
Under Homeowners regulations, which of the subsequent is/are considered optional assets
coverage endorsement(s)?
A. Earthquake.
B. Fine Arts.
C. Replacement Cost insurance on personal assets.
D. All of the above. - ANSD. All of the above.
Under an NFIP Flood policy, flood is extensively described as all the following except?
A. The overflow of inland or tidal waters.
B. Mudflow, a river of liquid and flowing dust at the surfaces of typically dry land location, as
whilst earth is carried by way of a contemporary of water.
C. Heavy, driving sheets of wind blown rain.
D. The collapse of subsidence of land along the shore of a lake or comparable frame of water
due to erosion or undermining resulting from waves or currents of water exceeding predicted
cyclical tiers that bring about a flood. - ANSC. Heavy, driving sheets of wind blown rain.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now