NJ PSI Property and Casualty Exam
A. A Scheduled Personal Property Endorsement. - ANS-When dealing with jewelry, furs, or
silverware, which carry special limits, a producer should advise a client that if the value exceeds
the limits specified in the policy, the client should purchase?
A. A Scheduled Personal Property Endorsement.
B. Less Jewelry.
C. A Fine arts Endorsement.
D. Another policy.
A. Special Perils. - ANS-A scheduled Personal Property Endorsement is usually written on a
______ basis?
A. Special Perils.
B. Named Perils.
C. Premises.
D. Blanket.
A. Your Homeowners policy. - ANS-If your baby sitter falls down the stairs in your home and
breaks her leg, her injury will be covered by?
A. Your Homeowners policy.
B. Your Medical Insurance policy.
C. The babysitter's Homeowners policy.
D. The babysitter's Medical Insurance policy.
B. $250 - ANS-Under Homeowners policies, the base deductible applicable to property losses,
Section I, is?
A. $100
B. $250
C. $500
D. $1000
B. 30 days. - ANS-Under an NFIP Flood policy, in most cases the waiting period before an
increase in the coverage amount can be made effective is?
A. 15 days.
B. 30 days.
C. 45 days.
D. 60 days.
B. A farm owner. - ANS-All of the following are eligible for coverage under Homeowners policy
except?
A. A condominium unit owner.
B. A farm owner.
, C. A mobile home owner.
D. A tenant in an apartment building.
B. Direct damage only. - ANS-Under an NFIP Flood policy, there is coverage for?
A. Both direct damage and loss of use.
B. Direct damage only.
C. Loss of use only.
D. Consequential loss only.
B. Farm land. - ANS-The term Insured Location under Section II of Homeowners policies refers
to all of the following except?
A. The insured premises.
B. Farm land.
C. A non-owned premises where an insured temporarily resides.
D. A newly-acquired premises.
C. $100,000. - ANS-under an NFIP Flood policy, the maximum amount of personal property
coverage that can be written on a single family property is?
A. $50,000.
B. $75,000.
C. $100,000.
D. $150,000.
C. $100,000. - ANS-Under Homeowners policies, Section II, the basic limit for Personal Liability
Coverage is?
A. $50,000.
B. $75,000.
C. $100,000.
D. $150,000.
C. 30 days. - ANS-Under an NFIP Flood policy, in most cases the waiting period before a new
policy can be made effective is?
A. 10 days.
B. 20 days.
C. 30 days.
D. 60 days.
C. A Gazebo. - ANS-Dwelling coverage A includes all of the following except?
A. The dwelling.
B. The deck on the back of the dwelling.
C. A Gazebo.
D. Construction materials on the residence premises for use in the repair of the dwelling.
A. A Scheduled Personal Property Endorsement. - ANS-When dealing with jewelry, furs, or
silverware, which carry special limits, a producer should advise a client that if the value exceeds
the limits specified in the policy, the client should purchase?
A. A Scheduled Personal Property Endorsement.
B. Less Jewelry.
C. A Fine arts Endorsement.
D. Another policy.
A. Special Perils. - ANS-A scheduled Personal Property Endorsement is usually written on a
______ basis?
A. Special Perils.
B. Named Perils.
C. Premises.
D. Blanket.
A. Your Homeowners policy. - ANS-If your baby sitter falls down the stairs in your home and
breaks her leg, her injury will be covered by?
A. Your Homeowners policy.
B. Your Medical Insurance policy.
C. The babysitter's Homeowners policy.
D. The babysitter's Medical Insurance policy.
B. $250 - ANS-Under Homeowners policies, the base deductible applicable to property losses,
Section I, is?
A. $100
B. $250
C. $500
D. $1000
B. 30 days. - ANS-Under an NFIP Flood policy, in most cases the waiting period before an
increase in the coverage amount can be made effective is?
A. 15 days.
B. 30 days.
C. 45 days.
D. 60 days.
B. A farm owner. - ANS-All of the following are eligible for coverage under Homeowners policy
except?
A. A condominium unit owner.
B. A farm owner.
, C. A mobile home owner.
D. A tenant in an apartment building.
B. Direct damage only. - ANS-Under an NFIP Flood policy, there is coverage for?
A. Both direct damage and loss of use.
B. Direct damage only.
C. Loss of use only.
D. Consequential loss only.
B. Farm land. - ANS-The term Insured Location under Section II of Homeowners policies refers
to all of the following except?
A. The insured premises.
B. Farm land.
C. A non-owned premises where an insured temporarily resides.
D. A newly-acquired premises.
C. $100,000. - ANS-under an NFIP Flood policy, the maximum amount of personal property
coverage that can be written on a single family property is?
A. $50,000.
B. $75,000.
C. $100,000.
D. $150,000.
C. $100,000. - ANS-Under Homeowners policies, Section II, the basic limit for Personal Liability
Coverage is?
A. $50,000.
B. $75,000.
C. $100,000.
D. $150,000.
C. 30 days. - ANS-Under an NFIP Flood policy, in most cases the waiting period before a new
policy can be made effective is?
A. 10 days.
B. 20 days.
C. 30 days.
D. 60 days.
C. A Gazebo. - ANS-Dwelling coverage A includes all of the following except?
A. The dwelling.
B. The deck on the back of the dwelling.
C. A Gazebo.
D. Construction materials on the residence premises for use in the repair of the dwelling.
