Flood Insurance Tests Bundle

FLOOD INSURANCE questions with correct answers

The Biggest Problem Facing Flood Insurance In America Today Is That CORRECT ANSWER Only People Likely To Have A Flood Will Obtain Coverage Flood Insurance: Yesterday, Today, & Tomorrow Flood Insurance Down Through the Ages (until 1968) CORRECT ANSWER Floods have provoked major human responses th...

Flood is a covered peril under the Homeowners policy? CORRECT ANSWER False Flood is covered peril under the auto policy? CORRECT ANSWER False Key Issues of Flood CORRECT ANSWER - Insured value of property in Atlantic and Gulf Coast counties increased by 80% since 2004 - Evan Greenburg Climate...

Flood Insurance Questions with Correct Answers

The purpose of the flood insurance requirements is to: CORRECT ANSWER Inform and protect A home equity loan is not considered eligible for flood insurance. CORRECT ANSWER F An SFHDF is used to determine: CORRECT ANSWER Whether the property lies in an SFHA A detached structure that is joined...

Are mobile homes eligible for flood insurance coverage? What about construction sites? What about contents? CORRECT ANSWER -mobile homes are eligible if they are affixed to permanent site -construction is eligible, and insurance can be purchased to keep pace with construction -Contents are eligibl...

Flood Insurance Questions with Complete Solutions

Flood Insurance Questions with Correct Answers

What does FDPA stand for? CORRECT ANSWER Flood Disaster Protection Act What does NFIP stand for? CORRECT ANSWER National Flood Insurance Program What does SFHA stand for? CORRECT ANSWER Special Flood Hazard Area What does FEMA stand for? CORRECT ANSWER Federal Emergency Management Agency ...

Key Issues CORRECT ANSWER 66% Of homes in SFHA not insured Some claims ajustors not well educated on flood New flood maps put more people in SFHA Problems with claims denial following Sandy Confusion over term "hurricane coverage" What is a Flood? CORRECT ANSWER When normally dry land is in...

Flood Insurance - Questions and Answers

What period causes more property damage in the US than any other natural disaster? CORRECT ANSWER Floods! Define: Flood CORRECT ANSWER Temporary inundation of normally dry land --Temp condition of partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more propert...

Flood Insurance Questions with Correct Answers

Which of the following correctly compares benefits and premiums of a flood insurance policy purchased directly from the National Flood Insurance Program (NFIP) and one purchased through a private insurer? CORRECT ANSWER Coverage and premiums are the same from either source. After a flood severely...