Psi Property And Casualty Exam 2024/ Questions With Correct Detailed /verified

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. {Ans: B. Direct damage only.}Under Section II Additional Coverage's of Homeowners policies, the insurer agrees to pay? A. The costs of defending a claim. B. Premiums on bonds required in a suit. C. Court costs. D. All of the above. {Ans: D. All of the above.}Which of the following applies as regards either a Scheduled Personal Property Endorsement or a Personal Articles Floater? A. Fine arts can be covered on either a named perils or a special perils basis. B. The personal property insured on either form is not subject to the policy deductible. C. All personal property must be described and an amount of insurance must be shown for each item. D. All of the above. {Ans: D. All of the above.}Under an NFIP Flood policy, the maximum amount of building coverage that can be written on a single family property is? A. $100,000. B. $150,000. C. $200,000. D. $250,000. {Ans: D. $250,000.}All of the following homeowners policies provide dwelling coverage except? A. HO-2 B.