NJ PSI Property and Casualty Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/NJ%20PSI%20Pro
NJ PSI Property and Casualty Exam
Questions & Answers
1. 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)
2. 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.
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,NJ PSI Property and Casualty Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/NJ%20PSI%20Pro
D. A tenant in an apartment building.
Answer B. A farm owner.
3. 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.
4. 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.
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,NJ PSI Property and Casualty Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/NJ%20PSI%20Pro
5. 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
6. 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.
7. Under Homeowners policies, the base deductible applicable to property
losses, Section I, is?
A. $100
B. $250
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