NJ PSI PROPERTY AND CASUALITY EXAM WITH 100% CORRECT VERIFIED QUESTIONS AND ANSWERS All of the following are optional coverage's under Homeowners policies except? A. Personal Property Replacement Cost coverage. B. Increased coverage limits from ite

NJ PSI PROPERTY AND CASUALITY EXAM WITH 100% CORRECT VERIFIED QUESTIONS AND ANSWERS 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. - ANSWER-C. Loss of Use Coverage. The National Flood Insurance Program (NFIP) is a ________ program? A. State. B. Municipal. C. Federal. D. Worldwide. - ANSWER-C. Federal. 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) - ANSWER-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. - ANSWER-D. All of the above. 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) - ANSWER-D. HO-2 or HO-3 (Broad and Special)