GA Claims Adjuster Licensing Exam Latest 2023 Already Passed
What coverage does Community Eligibility apply to? Flood insurance through FEMA 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. What is the flood coverage on a regular program in a 1-4 Family Dwelling? $250,000 On what policy can you add the Flood Program endorsement? None! It has its own policy through the Federal Government. Difference in Conditions (DIC) Insurance A separate insurance policy that provides openperils coverage to fill in the gaps left by flood coverage if a home is worth over $250K. Coverage is produced through Excess/Surplus Lines. What is the waiting period on NFIP coverage? 30 days after policy purchaseWhat is the coverage change waiting period for the NFIP? 5 days Give examples of the flood peril - an overflow of inland or tidal waters - unusual or rapid accumulation or runoff of surface waters -Mudflow or Mudslide - Collapse of land along the shore of a lake as a result of erosion
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