Exam (elaborations)
NJ PROPERTY PRODUCER EXAM STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)
- Course
- Institution
NJ PROPERTY PRODUCER EXAM STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)
[Show more]
Content preview
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?**
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 Estudyr. 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)
73773 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now