makes federally-backed flood insurance available to homeowners, renters, and business owners - Answer National Flood Insurance Program (NFIP)
Flood insurance can be purchased by either what two ways? - Answer 1. directly through the National Flood Insurance Program (NFIP)
2. from private insure...
NFIP Flood Insurance Exam Questions & Answers Solved
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makes federally-backed flood insurance available to homeowners, renters, and business owners - Answer
National Flood Insurance Program (NFIP)
Flood insurance can be purchased by either what two ways? - 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 or False: depending on how you purchased your flood insurance will determine the coverage and premium amount. - Answer NO, the are the same regardless of the method purchased
national agency that monitors the flood insurance program and provides subsidized rates for flood insurance - Answer Federal Emergency Management Agency (FEMA)
True or False: Coverage can be written only on property in "eligible communities" which participate in FEMA's requirements to reduce the risk of flooding. - Answer TRUE
general and temporary condition of water covering normally dry land causing one of the following:
1. an overflow of inland or tidal waters
2. rapid accumulation of surface waters (flash flood)
3. mud slide caused by water (NOT landslide)
4. collapse or destabilization of shoreline - Answer definition of a flood
A temporary condition of watering covering normally dry land caused by a landslide is a "flood". - Answer NO; not a landslide, but a mudslide
Coverage forms for Flood Insurance can be written on both __ and __ property. - Answer residential and
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