NJ PSI Property and Casualty Exam |Questions
with 100% Correct Answers
Which of the following applies as regards either a Scheduled Personal Property
Endorsement or a Personal Articles Floater?
A. Fine arts can be covered on either a named perils or a special perils basis.
B. The personal property insured on either form is not subject to the policy
deductible.
C. All personal property must be described and an amount of insurance must be
shown for each item.
D. All of the above. - ✔️✔️D. All of the above.
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. 30 days.
All of the following are Additional Coverage's under Homeowners policies except?
A. Removal coverage for 30 days.
B. Debris removal expense.
C. Loss of use.
D. Fire department service charges. - ✔️✔️C. Loss of use.
Under Homeowners policies, Medical Payments do not apply to bodily injury to?
, A. An insured.
B. Any person eligible to receive Workers Compensation.
C. Any person who regularly resides on the premises.
D. All of the above. - ✔️✔️D. All of the above.
Under homeowners policies, theft coverage does not cover theft?
A. Committed by the insured.
B. Any person eligible to receive Workers Compensation.
C. Any person who regularly resides on the premises.
D. All of the above. - ✔️✔️D. All of the above.
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.
Under an NFIP Flood policy, producers may issue blinders to effect flood coverage
for?
A. $50,000.
B. $100,000.
C. $250,000.
D. producers may not issue binders to effect flood coverage. - ✔️✔️D. Producers
may not issue binders to effect flood coverage.
with 100% Correct Answers
Which of the following applies as regards either a Scheduled Personal Property
Endorsement or a Personal Articles Floater?
A. Fine arts can be covered on either a named perils or a special perils basis.
B. The personal property insured on either form is not subject to the policy
deductible.
C. All personal property must be described and an amount of insurance must be
shown for each item.
D. All of the above. - ✔️✔️D. All of the above.
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. 30 days.
All of the following are Additional Coverage's under Homeowners policies except?
A. Removal coverage for 30 days.
B. Debris removal expense.
C. Loss of use.
D. Fire department service charges. - ✔️✔️C. Loss of use.
Under Homeowners policies, Medical Payments do not apply to bodily injury to?
, A. An insured.
B. Any person eligible to receive Workers Compensation.
C. Any person who regularly resides on the premises.
D. All of the above. - ✔️✔️D. All of the above.
Under homeowners policies, theft coverage does not cover theft?
A. Committed by the insured.
B. Any person eligible to receive Workers Compensation.
C. Any person who regularly resides on the premises.
D. All of the above. - ✔️✔️D. All of the above.
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.
Under an NFIP Flood policy, producers may issue blinders to effect flood coverage
for?
A. $50,000.
B. $100,000.
C. $250,000.
D. producers may not issue binders to effect flood coverage. - ✔️✔️D. Producers
may not issue binders to effect flood coverage.
