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Exam (elaborations)

FLOOD INSURANCE QUESTIONS AND ANSWERS

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FLOOD INSURANCE QUESTIONS AND ANSWERS WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? - ANSWER NFIP PROVIDES AN EMERGENCY PROGRAM AND REGULAR PROGRAM HOW WAS THE NFIP CREATED? - ANSWER BY THE PASSAGE OF THE NATIONAL FLOOD INSURANCE ACT OF 1968 CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE ...

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  • December 13, 2023
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • WebCE
  • WebCE
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EWLindy
FLOOD INSURANCE QUESTIONS AND ANSWERS WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? - ANSWER NFIP PROVIDES AN EMERGENCY PROGRAM AND REGULAR PROGRAM HOW WAS THE NFIP CREATED? - ANSWER BY THE PASSAGE OF THE NATIONAL FLOOD INSURANCE ACT OF 1968 CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS? - ANSWER YES UNDER THE "WRITE YOUR OWN" PROGRAM AND THEY ARE 100% REIMBURSED BY THE GOVERNMENT WHAT IS REQUIRED BY COMMUNITIES TO OBTAIN NAT'L FLOOD INSURANCE? - ANSWER THEY MUST BE WILLING TO ADOP T FLOOD CONTROL MEASURES AND RESTRICT OR PROHIBIT BUILDING IN HAZARDOUS AREAS HOW LONG ARE POLICY PERIODS FOR FLOOD INSURANCE? - ANSWER FOR 1 OR 3 YEARS WHAT IS THE WAITING PERIOD FOR COVERAGE? - ANSWER 30 DAYS WHAT IS THE STANDARD DED UNDER THE EMER GENCY PROGRAM FOR BUILDING AND CONTENTS? - ANSWER EACH COVERAGE HAS A SEPARATE DED OF $1000

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