What coverage does Community Eligibility apply to? Correct Answer: Flood insurance through FEMA
What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Correct Ans
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What coverage does Community Eligibility apply to? Correct Answer: Flood insurance through FEMA
What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Correct Answer: Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard.
What is the flood coverage on a regular program in a 1-4 Family Dwelling? Correct Answer: $250,000
On what policy can you add the Flood Program endorsement? Correct Answer: None! It has its own policy through the Federal Government.
Difference in Conditions (DIC) Insurance Correct Answer: A separate insurance policy that provides open-perils coverage to fill in the gaps left by flood coverage if a home is worth over $250K. Coverage is produced through Excess/Surplus Lines.
What is the waiting period on NFIP coverage? Correct Answer: 30 days after policy purchase
What is the coverage change waiting period for the NFIP? Correct Answer: 5 days
Give examples of the flood peril Correct Answer: - an overflow of inland or tidal waters
- unusual or rapid accumulation or runoff of surface waters
-Mudflow or Mudslide
- Collapse of land along the shore of a lake as a result of erosion
What kinds of things does flood insurance cover? Correct Answer: Your house and your things (dwelling and personal property). No indirect charges.
Dwelling coverage extension for flood insurance covers what? How much is it? Correct Answer: Structures not attached to dwelling (O.S. or
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