NJ PROPERTY PRODUCER EXAM
QUESTIONS AND ANSWERS 100% PASS
2026/2027
Dwelling Policy - ANS Only insures property
DP-1 - ANS Basic Form
DP-2 - ANS Broad Form
DP-3 - ANS Special Form
Dwelling Coverage A - ANS Dwelling- Covers dwelling, structures attached to dwelling, and
materials/supplies for the dwelling.
Dwelling Coverage B - ANS Other Structures- Insures buildings on premise but separate from
the dwelling.
Dwelling Coverage C - ANS Personal Property- Covers the insured's personal property and
must be requested. If rental property, a tenant's property is not covered.
2026/2027 ALLRIGHTS RESERVED 1
, Dwelling Coverage D - ANS 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 - ANS 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 - ANS Broad Form. Owner Occupied
HO-3 - ANS Special Form. Owner Occupied
HO-4 - ANS Tenants or Renters.
HO-5 - ANS Comprehensive Form (Open). Covers everything minus named exclusions.
HO-6 - ANS Condominium Owners
HO-8 - ANS Modified form. For special Risks. Think Antique homes.
Mobile Homes - ANS 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 - ANS Business Income. Covers loss of income and expenses
due to suspension of business following a covered loss.
2026/2027 ALLRIGHTS RESERVED 2
QUESTIONS AND ANSWERS 100% PASS
2026/2027
Dwelling Policy - ANS Only insures property
DP-1 - ANS Basic Form
DP-2 - ANS Broad Form
DP-3 - ANS Special Form
Dwelling Coverage A - ANS Dwelling- Covers dwelling, structures attached to dwelling, and
materials/supplies for the dwelling.
Dwelling Coverage B - ANS Other Structures- Insures buildings on premise but separate from
the dwelling.
Dwelling Coverage C - ANS Personal Property- Covers the insured's personal property and
must be requested. If rental property, a tenant's property is not covered.
2026/2027 ALLRIGHTS RESERVED 1
, Dwelling Coverage D - ANS 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 - ANS 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 - ANS Broad Form. Owner Occupied
HO-3 - ANS Special Form. Owner Occupied
HO-4 - ANS Tenants or Renters.
HO-5 - ANS Comprehensive Form (Open). Covers everything minus named exclusions.
HO-6 - ANS Condominium Owners
HO-8 - ANS Modified form. For special Risks. Think Antique homes.
Mobile Homes - ANS 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 - ANS Business Income. Covers loss of income and expenses
due to suspension of business following a covered loss.
2026/2027 ALLRIGHTS RESERVED 2
