Flood insurance exam - Study guides, Class notes & Summaries

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

Flood Insurance Exam with Complete Solutions 2024 The purpose of the flood insurance requirements is to: - answerInform and protect A home equity loan is not considered eligible for flood insurance. - answerF An SFHDF is used to determine: - answerWhether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - answerF NFIP insurance is available for: - answ...

FEMA Flood Insurance Certificate Exam 2023

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 Change - 66% of homes in SFHA not insured - Flood Rates not adequate - Flood Damage impacting federal deficit What is a flood? CORRECT ANSWER When normally dry land is inundated by water or mud...

Flood Insurance Exam Study Guide Solutions The purpose of the flood insurance requirements is to: - ANSWER-Inform and protect A home equity loan is not considered eligible for flood insurance. - ANSWER-F An SFHDF is used to determine: - ANSWER-Whether the property lies in an SFHA A detached structure that is joined by a structural connection to a part of a residential property is considered exempt from the flood insurance requirements. - ANSWER-F NFIP insurance is available for: - ANSWER-R...

NY Independent General Adjuster Exam - Series 17-70 (+180 Questions and Answers |Guarantee Pass Dram Shop Liability refers to: {{Correct Ans- Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? {{Correct Ans- Neglect. To be eligible for the New York assigned risk auto plan a person mus...

NFIP Flood Insurance Exam Questions and Answers WYO Program - ️️ "Write your own" insurers write the coverage on their own "paper" but the NFIP reinsures 100% of the coverage Wait period for policy to become effective - ️️ 30 days, this is done to avoid panic buying before disasters strike Standard Flood Insurance Policy (SFIP) - ️️ Defines coverage, limits , and exclusions for NFIP flood Insurance policies with terms and conditions unique to the NFIP - NFIP insurers can O...