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Adjusterpro 5- Other Coverages Questions And Answers With Verified Solutions Latest Updated 2024 $13.49   Add to cart

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Adjusterpro 5- Other Coverages Questions And Answers With Verified Solutions Latest Updated 2024

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Adjusterpro 5- Other Coverages Questions And Answers With Verified Solutions Latest Updated 2024

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  • October 29, 2024
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Adjusterpro 5- Other Coverages
Questions And Answers With Verified
Solutions Latest Updated 2024
leading cause of prop damage in US - ANSWER✔✔ Flood


NFIP - ANSWER✔✔ federal insurance


1968 - ANSWER✔✔ NFIP


NFIP an agreement - ANSWER✔✔ local communities and federal gov.


base flood - ANSWER✔✔ so bad that it only happens once 100 years


SFIP - ANSWER✔✔ Standard Flood Insurance Policy


not subject to loocal or state courts or dep of insur. - ANSWER✔✔ Standard Flood
Insurance


1983 - ANSWER✔✔ write your own ( WYO)


Generates 90% of flood polices - ANSWER✔✔ WYO


WYO - ANSWER✔✔ let private insurers sell and underwrite polices


put remaining premiums into NFIP accounts - ANSWER✔✔ WYO private
insurers

,WYO private insurers - ANSWER✔✔ pays claims from NFIP accounts


NFIP policy form - ANSWER✔✔ dwelling, genral, Residential Condo buidling
ass.


flood general form - ANSWER✔✔ non residental buildings + contents


RCBAP - ANSWER✔✔ condo under flood policy


an individual condo owner would purchase - ANSWER✔✔ dwelling policy not
RCBAP


1 trillion assets - ANSWER✔✔ flood, NFIP


NFIP programs - ANSWER✔✔ direct and Write your own


100 year flood - ANSWER✔✔ Base flood elevation


WYO allows - ANSWER✔✔ private insurers sell standardized NFIP, collect
premiums and adjust classed and losses


detach garages under flood - ANSWER✔✔ coverage A, up to 10% of limit


only if inside a coverd muilding - ANSWER✔✔ construction materials under
flood

, coverage A flood, buidling under construction - ANSWER✔✔ deducitble are
double


Flood coverage b - ANSWER✔✔ personal property, contents


contents coverage for flood - ANSWER✔✔ purchase separate and deducitble
applies


other coverages - ANSWER✔✔ flood coverage C


$1000 - ANSWER✔✔ flood mitigation- loss avoidance measures and prop
removed to safety


flood mitigation- loss avoidance measures - ANSWER✔✔ no deductible


Flood Coverage D - ANSWER✔✔ increased Cost of Complinance


increased Cost of Complinance - ANSWER✔✔ imdemnifies when insured follow
state or local floodplain management law, or orfiance that affect the stucutre repair


30,000 - ANSWER✔✔ limit for increased Cost of Complinance


property ir buildings in, on, over water - ANSWER✔✔ SFIP exclusions


60 days of lolss - ANSWER✔✔ subit a proof of loss to NFIP or WYO


60 days - ANSWER✔✔ insurer has to pay for claim

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