GA Claims Adjuster Licensing Exam
Flood insurance through FEMA - answers✔✔What coverage does Community Eligibility apply to?
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. - answers✔✔What's the
difference between Emergency Program and Regular Program in the National Flood Insurance Program?
$250,000 - answers✔✔What is the flood coverage on a regular program in a 1-4 Family Dwelling?
None! It has its own policy through the Federal Government. - answers✔✔On what policy can you add
the Flood Program endorsement?
A separate insurance policy that provides open-perils coverage to fill in the gaps left by flood coverage if
a home is worth over $250K. Coverage is produced through Excess/Surplus Lines. -
answers✔✔Difference in Conditions (DIC) Insurance
30 days after policy purchase - answers✔✔What is the waiting period on NFIP coverage?
5 days - answers✔✔What is the coverage change waiting period for the NFIP?
- 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 - answers✔✔Give examples of the flood
peril
Your house and your things (dwelling and personal property). No indirect charges. - answers✔✔What
kinds of things does flood insurance cover?
,Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an
extension of coverage, NOT the $250K limit so any coverage needed here will reduce the amount able to
go to the dwelling. - answers✔✔Dwelling coverage extension for flood insurance covers what? How
much is it?
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. - answers✔✔Contents coverage of flood
insurance is limited to what?
Dwelling, Contents, Debris Removal - answers✔✔What are the coverages of flood insurance?
Dwelling - replacement cost
Contents - Actual Cash Value - answers✔✔How are damaged items valued in flood coverage?
Basements and underground structure (ex. septic tanks), animals, money/accounts/bills, land, anything
else covered by other policies (motor vehicles, aircraft, watercraft) - answers✔✔What kind of property
is not covered by flood insurance?
(amount of insurance purchased/80% Dwellings Total replacement cost) x Loss Amount -
answers✔✔Loss Valuation on flood insurance
$1K for Dwelling and $1K for Content - answers✔✔Standard deductible on flood insurance
Floaters or policies for world-wide coverage of personal property on an open-peril basis. -
answers✔✔Personal Inland Marine Insurance
NOPE. It's covered! - answers✔✔Is flood excluded from Personal Inland Marine Insurance?
Personal Articles Floaters, Personal Property Floaters, and Personal Effects Floaters - answers✔✔What
are the floaters available on Personal Inland Marine Insurance?
, all; open-peril - answers✔✔What perils are covered under Personal Inland Marine Insurance floaters?
Personal Articles Floater - itemizes valuables such as jewelry and furs - answers✔✔Which PIMI floater
would be appropriate for a diamond ring? Why?
world-wide open peril coverage of personal property for people who are traveling - luggage, sports
equipment, clothes, and camera. NO DEDUCTIBLE. - answers✔✔What is a Personal Effects Floater good
for? What deductible does it have?
World-wide open peril coverage of personal property - usually for special occasions like weddings or
exhibitions. There is a blanket limit! - answers✔✔What is a Personal Property Floater good for? What
kind of limit do they have?
Yes. Somehow. - answers✔✔Does personal inland marine insurance cover flood?
A. Loss of Use - answers✔✔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
d. 45 days - answers✔✔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. Difference in Conditions Policy - answers✔✔If the limits of insurance available under the National
Flood Insurance Program are inadequate, where can additional coverage be purchased?
Flood insurance through FEMA - answers✔✔What coverage does Community Eligibility apply to?
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. - answers✔✔What's the
difference between Emergency Program and Regular Program in the National Flood Insurance Program?
$250,000 - answers✔✔What is the flood coverage on a regular program in a 1-4 Family Dwelling?
None! It has its own policy through the Federal Government. - answers✔✔On what policy can you add
the Flood Program endorsement?
A separate insurance policy that provides open-perils coverage to fill in the gaps left by flood coverage if
a home is worth over $250K. Coverage is produced through Excess/Surplus Lines. -
answers✔✔Difference in Conditions (DIC) Insurance
30 days after policy purchase - answers✔✔What is the waiting period on NFIP coverage?
5 days - answers✔✔What is the coverage change waiting period for the NFIP?
- 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 - answers✔✔Give examples of the flood
peril
Your house and your things (dwelling and personal property). No indirect charges. - answers✔✔What
kinds of things does flood insurance cover?
,Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an
extension of coverage, NOT the $250K limit so any coverage needed here will reduce the amount able to
go to the dwelling. - answers✔✔Dwelling coverage extension for flood insurance covers what? How
much is it?
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. - answers✔✔Contents coverage of flood
insurance is limited to what?
Dwelling, Contents, Debris Removal - answers✔✔What are the coverages of flood insurance?
Dwelling - replacement cost
Contents - Actual Cash Value - answers✔✔How are damaged items valued in flood coverage?
Basements and underground structure (ex. septic tanks), animals, money/accounts/bills, land, anything
else covered by other policies (motor vehicles, aircraft, watercraft) - answers✔✔What kind of property
is not covered by flood insurance?
(amount of insurance purchased/80% Dwellings Total replacement cost) x Loss Amount -
answers✔✔Loss Valuation on flood insurance
$1K for Dwelling and $1K for Content - answers✔✔Standard deductible on flood insurance
Floaters or policies for world-wide coverage of personal property on an open-peril basis. -
answers✔✔Personal Inland Marine Insurance
NOPE. It's covered! - answers✔✔Is flood excluded from Personal Inland Marine Insurance?
Personal Articles Floaters, Personal Property Floaters, and Personal Effects Floaters - answers✔✔What
are the floaters available on Personal Inland Marine Insurance?
, all; open-peril - answers✔✔What perils are covered under Personal Inland Marine Insurance floaters?
Personal Articles Floater - itemizes valuables such as jewelry and furs - answers✔✔Which PIMI floater
would be appropriate for a diamond ring? Why?
world-wide open peril coverage of personal property for people who are traveling - luggage, sports
equipment, clothes, and camera. NO DEDUCTIBLE. - answers✔✔What is a Personal Effects Floater good
for? What deductible does it have?
World-wide open peril coverage of personal property - usually for special occasions like weddings or
exhibitions. There is a blanket limit! - answers✔✔What is a Personal Property Floater good for? What
kind of limit do they have?
Yes. Somehow. - answers✔✔Does personal inland marine insurance cover flood?
A. Loss of Use - answers✔✔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
d. 45 days - answers✔✔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. Difference in Conditions Policy - answers✔✔If the limits of insurance available under the National
Flood Insurance Program are inadequate, where can additional coverage be purchased?
