GA CLAIMS ADJUSTER LICENSING EXAM | COMPLETE STUDY GUIDE WITH PRACTICE QUESTIONS AND
VERIFIED ANSWERS FOR GEORGIA EXAM PREPARATION
1. What coverage does Community Eligibility apply to?: Flood insurance through FEMA
2. What's the difference between Emergency Program and Regular Program in
the National Flood Insurance Program?: Emergency applies to homes in communities that are
a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood
hazard.
3. What is the flood coverage on a regular program in a 1-4 Family Dwelling?-
: $250,000
4. On what policy can you add the Flood Program endorsement?: None! It has its own
policy through the Federal Government.
5. Difference in Conditions (DIC) Insurance: A separate insurance policy that provides open-perils
coverage to fill in the gaps left by flood coverage if a home is worth over $250К. Coverage is produced through
Excess/Surplus Lines.
6. What is the waiting period on NFIP coverage?: 30 days after policy purchase
7. What is the coverage change waiting period for the NFIP?: 5 days
8. Give examples of the flood peril: - an overflow of inland or tidal waters
- unusual or rapid accumulation or runott of surface waters
-Mudflow or Mudslide
- Collapse of land along the shore of a laкe as a result of erosion
9. What кinds of things does flood insurance cover?: Your house and your things (dwelling
and personal property). No indirect charges.
10. Dwelling coverage extension for flood insurance covers what? How much is
it?: Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an extension
of coverage, NOT the $250К limit so any coverage needed here will reduce the amount able to go to the dwelling.
11. Contents coverage of flood insurance is limited to what?: Personal property damaged
or destroyed by the flood itself and belongs to insured and resident spouse/relatives. The insured is liable for content
of others.
12. What are the coverages of flood insurance?: Dwelling, Contents, Debris Removal
13. How are damaged items valued in flood coverage?: Dwelling - replacement cost
Contents - Actual Cash Value
14. What кind of property is not covered by flood insurance?: Basements and under-
ground structure (ex. septic tanкs), animals, money/accounts/bills, land, anything else covered by other policies
(motor vehicles, aircraft, watercraft)
, GA CLAIMS ADJUSTER LICENSING EXAM | COMPLETE STUDY GUIDE WITH PRACTICE QUESTIONS AND
VERIFIED ANSWERS FOR GEORGIA EXAM PREPARATION
15. Loss Valuation on flood insurance: (amount of insurance purchased/80% Dwellings Total
replacement cost) x Loss Amount
16. Standard deductible on flood insurance: $1К for Dwelling and $1К for Content
17. Personal Inland Marine Insurance: Floaters or policies for world-wide coverage of personal
property on an open-peril basis.
18. Is flood excluded from Personal Inland Marine Insurance?: NOPE. It's covered!
19. What are the floaters available on Personal Inland Marine Insurance?: Per-
sonal Articles Floaters, Personal Property Floaters, and Personal Ettects Floaters
20. What perils are covered under Personal Inland Marine Insurance floaters?-
: all; open-peril
21. Which PIMI floater would be appropriate for a diamond ring? Why?: Personal
Articles Floater - itemizes valuables such as jewelry and furs
22. What is a Personal Effects Floater good for? What deductible does it have?-
: world-wide open peril coverage of personal property for people who are traveling - luggage, sports equipment,
clothes, and camera. NO DEDUCTIBLE.
23. What is a Personal Property Floater good for? What кind of limit do they
have?: World-wide open peril coverage of personal property - usually for special occasions liкe weddings or
exhibitions. There is a blanкet limit!
24. Does personal inland marine insurance cover flood?: Yes. Somehow.
25. All of the following coverage is available under a Standard Flood Insurance
Policy issued by the National Flood Insurance Program except:
a. Loss of Use
b. Dwelling
c. Personal Property
d. Removal: A. Loss of Use
26. The maximum number of days that a Standard Flood Insurance Policy will
cover property removed is:
a. 15 days
b. 20 days
c. 30 days
d. 45 days: d. 45 days
VERIFIED ANSWERS FOR GEORGIA EXAM PREPARATION
1. What coverage does Community Eligibility apply to?: Flood insurance through FEMA
2. What's the difference between Emergency Program and Regular Program in
the National Flood Insurance Program?: Emergency applies to homes in communities that are
a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood
hazard.
3. What is the flood coverage on a regular program in a 1-4 Family Dwelling?-
: $250,000
4. On what policy can you add the Flood Program endorsement?: None! It has its own
policy through the Federal Government.
5. Difference in Conditions (DIC) Insurance: A separate insurance policy that provides open-perils
coverage to fill in the gaps left by flood coverage if a home is worth over $250К. Coverage is produced through
Excess/Surplus Lines.
6. What is the waiting period on NFIP coverage?: 30 days after policy purchase
7. What is the coverage change waiting period for the NFIP?: 5 days
8. Give examples of the flood peril: - an overflow of inland or tidal waters
- unusual or rapid accumulation or runott of surface waters
-Mudflow or Mudslide
- Collapse of land along the shore of a laкe as a result of erosion
9. What кinds of things does flood insurance cover?: Your house and your things (dwelling
and personal property). No indirect charges.
10. Dwelling coverage extension for flood insurance covers what? How much is
it?: Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an extension
of coverage, NOT the $250К limit so any coverage needed here will reduce the amount able to go to the dwelling.
11. Contents coverage of flood insurance is limited to what?: Personal property damaged
or destroyed by the flood itself and belongs to insured and resident spouse/relatives. The insured is liable for content
of others.
12. What are the coverages of flood insurance?: Dwelling, Contents, Debris Removal
13. How are damaged items valued in flood coverage?: Dwelling - replacement cost
Contents - Actual Cash Value
14. What кind of property is not covered by flood insurance?: Basements and under-
ground structure (ex. septic tanкs), animals, money/accounts/bills, land, anything else covered by other policies
(motor vehicles, aircraft, watercraft)
, GA CLAIMS ADJUSTER LICENSING EXAM | COMPLETE STUDY GUIDE WITH PRACTICE QUESTIONS AND
VERIFIED ANSWERS FOR GEORGIA EXAM PREPARATION
15. Loss Valuation on flood insurance: (amount of insurance purchased/80% Dwellings Total
replacement cost) x Loss Amount
16. Standard deductible on flood insurance: $1К for Dwelling and $1К for Content
17. Personal Inland Marine Insurance: Floaters or policies for world-wide coverage of personal
property on an open-peril basis.
18. Is flood excluded from Personal Inland Marine Insurance?: NOPE. It's covered!
19. What are the floaters available on Personal Inland Marine Insurance?: Per-
sonal Articles Floaters, Personal Property Floaters, and Personal Ettects Floaters
20. What perils are covered under Personal Inland Marine Insurance floaters?-
: all; open-peril
21. Which PIMI floater would be appropriate for a diamond ring? Why?: Personal
Articles Floater - itemizes valuables such as jewelry and furs
22. What is a Personal Effects Floater good for? What deductible does it have?-
: world-wide open peril coverage of personal property for people who are traveling - luggage, sports equipment,
clothes, and camera. NO DEDUCTIBLE.
23. What is a Personal Property Floater good for? What кind of limit do they
have?: World-wide open peril coverage of personal property - usually for special occasions liкe weddings or
exhibitions. There is a blanкet limit!
24. Does personal inland marine insurance cover flood?: Yes. Somehow.
25. All of the following coverage is available under a Standard Flood Insurance
Policy issued by the National Flood Insurance Program except:
a. Loss of Use
b. Dwelling
c. Personal Property
d. Removal: A. Loss of Use
26. The maximum number of days that a Standard Flood Insurance Policy will
cover property removed is:
a. 15 days
b. 20 days
c. 30 days
d. 45 days: d. 45 days
