Exam (elaborations)
NJ PSI PROPERTY AND CASUALTY 2024 UPDATE QUESTION AND CORRECT ANSWERS EXAM GRADE A+,,,Alpha
- Course
- Institution
NJ PSI PROPERTY AND CASUALTY 2024 UPDATE QUESTION AND CORRECT ANSWERS EXAM GRADE A+,,,Alpha
[Show more]
1 review
By: TheAlphanurse • 4 months ago
Seller
Follow
MEGAMINDS
Reviews received
Content preview
NJ PSI PROPERTY AND CASUALTY 2024 UPDATE QUESTIONAND CORRECT ANSWERS EXAM GRADE A+
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.
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.
D. A non-relative resident over age 21.
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)
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.
B. A farm owner.
All of the following homeowners policies provide dwelling coverage except?
A. HO-2
B. HO-3
C. HO-4
D. HO-1
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.
C. A Gazebo.
, Under Homeowners policies, the base deductible applicable to property losses,
Section I, is?
A. $100
B. $250
C. $500
D. $1000
B. $250
The National Flood Insurance Program (NFIP) is a ________ program?
A. State.
B. Municipal.
C. Federal.
D. Worldwide.
C. Federal.
All of the following are optional coverage's under Homeowners policies except?
A. Personal Property Replacement Cost coverage.
B. Increased coverage limits from items suck as jewelry, furs, and silverware.
C. Loss of Use coverage.
D. Earthquake coverage.
C. Loss of Use Coverage.
The National Flood Insurance Program (NFIP) standards are set by, and the
Program is administered by, the?
A. National Flood Management Association (NFMA)
B. National Emergency Standards Agency (NESA)
C. Federal Flood Coverage Association (FFCA)
D. Federal Emergency Management Agency (FEMA)
D. Federal Emergency Management Agency (FEMA)
Under Homeowners policies, which of the following is/are considered optional
property coverage endorsement(s)?
A. Earthquake.
B. Fine Arts.
C. Replacement Cost coverage on personal property.
D. All of the above.
D. All of the above.
Under an NFIP Flood policy, flood is broadly defined as all of the following
except?
A. The overflow of inland or tidal waters.
B. Mudflow, a river of liquid and flowing mud on the surfaces of normally dry land
area, as when earth is carried by a current of water.
C. Heavy, driving sheets of wind blown rain.
D. The collapse of subsidence of land along the shore of a lake or similar body of
water as a result of erosion or undermining caused by waves or currents of water
exceeding anticipated cyclical levels that result in a flood.
C. Heavy, driving sheets of wind blown rain.
Under an NFIP Flood policy, in most cases the waiting period before a new policy
can be made effective is?
A. 10 days.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MEGAMINDS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now