Flood insurance - Study guides, Class notes & Summaries

Louisiana Personal Lines Insurance Exam Already Graded A+ 104. Coverage for loss by some perils under a building and personal property form is suspended if (Choose from the following options) 1. An uninsured peril causes a partial loss. 2. The insured building is vacant for over 60 days. 3. A loss occurs while a hazard beyond the insured's control is increased. 4. The insured fails to satisfy the coinsurance provision ️2. The insured building is vacant for over 60 days 107. In...

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 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) - Correct Answer-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 apartm...

FEMA Flood Insurance Certificate Exam 2023

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

NY Independent General Adjuster Exam - Series 17-70 (+180 Questions and Answers |Guarantee Pass Dram Shop Liability refers to: {{Correct Ans- Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? {{Correct Ans- Neglect. To be eligible for the New York assigned risk auto plan a person mus...

makes federally-backed flood insurance available to homeowners, renters, and business owners CORRECT ANSWER National Flood Insurance Program (NFIP) Flood insurance can be purchased by either what two ways? CORRECT ANSWER 1. directly through the National Flood Insurance Program (NFIP) 2. from private insurers in a program referred to as "write your own" which is available through local producers (agents) the coverage and the premium are the same regardless of the method purchased True o...

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

Flood is a covered peril under the Homeowners policy? - Answer- False Flood is covered peril under the auto policy? - Answer- False Key Issues of Flood - Answer- - Insured value of property in Atlantic and Gulf Coast counties increased by 80% since 2004 - Evan Greenburg Climate Change - 66% of homes in SFHA not insured - Flood Rates not adequate - Flood Damage impacting federal deficit What is a flood? - Answer- When normally dry land is inundated by water or mudflow Caused by hurr...

FLOOD INSURANCE QUESTIONS AND ANSWERS 2024 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? HOW WAS THE NFIP CREATED? CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS?