NJ PSI Property and Casualty Exam with 100% Correct Answers 2025/2026

NJ PSI Property and Casualty Exam with 100% Correct Answers 2025/2026 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) 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. - Answer -B. A farm owner. 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. - Answer -B. Farm land. All of the following would be considered insured's under a Homeowner's policy expect? A. Resident relatives of the insured. B. A non-relative resident under age 21 in the care of the insured.C. The insured's spouse if the spouse lives in the household. D. A non-relative resident over age 21. - Answer -D. A non-relative resident over age 21. All of the following homeowners policies provide dwelling coverage except? A. HO-2 B. HO-3 C. HO-4 D. HO-1 - Answer -C. HO-4 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. - Answer -C. A Gazebo. Under Homeowners policies, the base deductible applicable to property losses, Section I, is? A. $100 B. $250 C. $500 D. $1000 - Answer -B. $250 The National Flood Insurance Program (NFIP) is a ________ program? A. State. B. Municipal. C. Federal. D. Worldwide. - Answer -C. Federal.