1|Page
NJ Property Producer Exam 2026 |
Comprehensive Q&A For Certification
Success
Dwelling Policy - correct-answer -Only insures property
DP-1 - correct-answer -Basic Form
DP-2 - correct-answer -Broad Form
DP-3 - correct-answer -Special Form
Dwelling Coverage A - correct-answer -Dwelling- Covers dwelling, structures
attached to dwelling, and materials/supplies for the dwelling.
Dwelling Coverage B - correct-answer -Other Structures- Insures buildings on
premise but separate from the dwelling.
,2|Page
Dwelling Coverage C - correct-answer -Personal Property- Covers the insured's
personal property and must be requested. If rental property, a tenant's property is
not covered.
Dwelling Coverage D - correct-answer -Fair Rental Value- Covers insured in the
event a covered loss makes the rental portion of a property unfit for normal use.
Dwelling Coverage E - correct-answer -Additional Living Expense- Included in DP-2
& DP-3 and pays for additional living expenses the insured incurs after a loss. DP-1
by endorsement.
HO-2 - correct-answer -Broad Form. Owner Occupied
HO-3 - correct-answer -Special Form. Owner Occupied
HO-4 - correct-answer -Tenants or Renters.
, 3|Page
HO-5 - correct-answer -Comprehensive Form (Open). Covers everything minus
named exclusions.
HO-6 - correct-answer -Condominium Owners
HO-8 - correct-answer -Modified form. For special Risks. Think Antique homes.
Mobile Homes - correct-answer -By endorsement to a DP or HO policy. Can be a
separate policy. Insures home, other structures (10%) and contents. Personal
property - 40% of coverage. Permanent Foundation.
Time Element Coverage Forms - correct-answer -Business Income. Covers loss of
income and expenses due to suspension of business following a covered loss.
Commercial Package Policy (CPP) - correct-answer -Must have at least 2 kinds of
coverage.
CPP's can't contain: - correct-answer -Workers' Compensation, Life Insurance,
Health and Disability Insurance, Certain types of Professional Liability
NJ Property Producer Exam 2026 |
Comprehensive Q&A For Certification
Success
Dwelling Policy - correct-answer -Only insures property
DP-1 - correct-answer -Basic Form
DP-2 - correct-answer -Broad Form
DP-3 - correct-answer -Special Form
Dwelling Coverage A - correct-answer -Dwelling- Covers dwelling, structures
attached to dwelling, and materials/supplies for the dwelling.
Dwelling Coverage B - correct-answer -Other Structures- Insures buildings on
premise but separate from the dwelling.
,2|Page
Dwelling Coverage C - correct-answer -Personal Property- Covers the insured's
personal property and must be requested. If rental property, a tenant's property is
not covered.
Dwelling Coverage D - correct-answer -Fair Rental Value- Covers insured in the
event a covered loss makes the rental portion of a property unfit for normal use.
Dwelling Coverage E - correct-answer -Additional Living Expense- Included in DP-2
& DP-3 and pays for additional living expenses the insured incurs after a loss. DP-1
by endorsement.
HO-2 - correct-answer -Broad Form. Owner Occupied
HO-3 - correct-answer -Special Form. Owner Occupied
HO-4 - correct-answer -Tenants or Renters.
, 3|Page
HO-5 - correct-answer -Comprehensive Form (Open). Covers everything minus
named exclusions.
HO-6 - correct-answer -Condominium Owners
HO-8 - correct-answer -Modified form. For special Risks. Think Antique homes.
Mobile Homes - correct-answer -By endorsement to a DP or HO policy. Can be a
separate policy. Insures home, other structures (10%) and contents. Personal
property - 40% of coverage. Permanent Foundation.
Time Element Coverage Forms - correct-answer -Business Income. Covers loss of
income and expenses due to suspension of business following a covered loss.
Commercial Package Policy (CPP) - correct-answer -Must have at least 2 kinds of
coverage.
CPP's can't contain: - correct-answer -Workers' Compensation, Life Insurance,
Health and Disability Insurance, Certain types of Professional Liability
