Property and Casualty Practice PSI Exam EXAM NEWEST, 2024/ 2025, ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A
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Module
NJ PSI PROPERTY AND CASUALTY
Institution
NJ PSI PROPERTY AND CASUALTY
Property and Casualty Practice PSI Exam
$1,000 - ANS-Which of the following is the standard amount of Coverage A-dwelling provided
by the HO-6 Unit-Owners Policy?
-$500
-$1,000
-$5,000
-$10,000
$100,000 - ANS-An insured with split liability limits of 100/300/100 is at fault in an automobile
...
Property and Casualty Practice PSI Exam
$1,000 - ANS-Which of the following is the standard amount of Coverage A-dwelling provided
by the HO-6 Unit-Owners Policy?
-$500
-$1,000
-$5,000
-$10,000
$100,000 - ANS-An insured with split liability limits of 100/300/100 is at fault in an automobile
accident and the other vehicle sustains $6,500 in property damages as well as two occupants
have bodily injury and are claiming $150,000 each. What is the most insurance will pay to each
occupant?
-$100,000
-$150,000
-$200.000
-$300,000
$2,500 - ANS-Homeowner Form HO-2 provides coverage for loss of appliances, carpeting, and
other household furnishings for a maximum of how much?
-$500
-$2,500
-$3,000
-$4,500
168 hours - ANS-A single earthquake constitutes all shocks that occur within which time period?
-16
-24
-48
-168
20 % - ANS-Which of the following limits of insurance on the dwelling are available and apply to
Coverage D-Fair Rental Value?
-10 %
-15 %
-20 %
-25 %
, A crew member of an ocean going vessel - ANS-For the purpose of workers' compensation
insurance all of the following are subject to the workers' compensation laws, either as an
employer or employee EXCEPT:
-An insurance agent
-A building contractor
-The employee of a party store
-A crew member of an ocean going vessel
a volunteer worker - ANS-Which of the following persons is covered for accidental injury on the
insured's premises under the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker
after a car crash you have to rent a replacement vehicle - ANS-All of the following are examples
of direct loss EXCEPT:
-after a car crash you have to rent a replacement vehicle
-a fire destroys your personal property in your rental apartment.
-a thief takes your computer from your locker.
-a truck throws a stone and cracks your windshield.
Arbitration - ANS-Which policy condition is invoked when parties to an insured loss cannot
agree?
attorney - ANS-Which of the following professionals would purchase Errors And Omissions
insurance to manage the liability risk associated with their business endeavors?
-attorney
-caregiver
-doctor
-fireman
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