NJ PSI PROPERTY AND CASUALTY EXAM NEWEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A

NJ PSI PROPERTY AND CASUALTY EXAM
NEWEST 2024 ACTUAL EXAM 200 QUESTIONS
AND CORRECT DETAILED ANSWERS
|ALREADY GRADED A
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.
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. - ANSWER- 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) - ANSWER- 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. - ANSWER- 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. - ANSWER- 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.
B. 20 days.
C. 30 days.
D. 60 days. - ANSWER- C. 30 days.
If your baby sitter falls down the stairs in your home and breaks her leg,
her injury will be covered by?
A. Your Homeowners policy.
B. Your Medical Insurance policy.
C. The babysitter's Homeowners policy.
D. The babysitter's Medical Insurance policy. - ANSWER- A. Your
Homeowners policy.

On Homeowners policies, the full limit on personal property (Coverage
C) applies to personal property while it is?
A. In the state of residence only.
B. In the United States only.
C. Anywhere in the world.
D. In the United States and Canada only. - ANSWER- C. Anywhere in
the world.
Under an NFIP Flood policy, there is coverage for?
A. Both direct damage and loss of use.
B. Direct damage only.
C. Loss of use only.
D. Consequential loss only. - ANSWER- B. Direct damage only.
Loses to which of the following are not covered under Homeowners
policies?
A. Property of roomers or boarders.
B. Articles separately described and specifically covered by other
insurance.
C. Animals, birds, and fish.
D. All of the above. - ANSWER- D. All of the above.
A scheduled Personal Property Endorsement is usually written on a
______ basis?


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