FEMA Flood Insurance Certificate
The National Flood Insurance Program (NFIP) minimum deductible for the Emergency Program without elevation data for building coverage of $100,000 or less is
$1,500
Under the Regular Program, the National Flood Insurance Program (NFIP) coverage limits for the General Property Form for one- to four-family residential buildings are
$250,000 for building coverage and $100,000 for residential building personal property coverage
Under the Emergency Program, with the exception of Alaska, Guam, Hawaii, and the US Virgin Islands, the National Flood Insurance Program (NFIP) coverage limits available under the Dwelling Form are
$35,000 for building coverage and $10,000 for personal property coverage
The initial phase of a community's participation in the National Flood Insurance Program (NFIP), is when a Flood Hazard Boundary Map (FHBM) is created, is called the
Emergency Program
A product of the National Flood Insurance Program (NFIP) that provides resources for leaders of public information response teams that deal with emergency situations, and that educates and informs communities about the importance of flood preparedness and protection is called the
Flood Outreach Toolkit
when a prospective flood insured selects the coverage amount and flood insurance is mandatory because of a mortgage, the required coverage should be
At least the amount of the loan or the maximum limit of coverage available, and the building should be valued at replacement cost
The computed grade level at which flood water is expected to rise during the "100-year flood" that is used to determined the flood insurance premiums is called the
Base Flood Elevation (BFE)
Coverage for debris removal under the Dwelling Form covers the expense to remove
Both owned and non-owned debris that is on or in the insured property along with owned debris no matter where it ends up
The first step in the flood loss process is to
Complete the National Flood Insurance Program (NFIP) Notice of Loss form or a similar form and submit it to the NFIP or the Write Your Own (WYO) company as soon as possible.
A website the Federal Emergency Management Agency (FEMA) offers to the public to provide information on the features and benefits of the National Flood Insurance Program (NFIP), help them find insurance producers who specialize in flood insurance, and enable the public to check properties to learn whether they are located in flood zones is located at
Contact the Special Direct Facility established by the National Flood Insurance Program (NFIP) Servicing Agent
Producers who service repetitive loss property flood insurance policies who need technical assistance should
Contact the Special Direct Facility established by the National Flood Insurance Program (NFIP) Servicing Agent
To establish whether a building that has no major improvements is pre-FIRM or post-FIRM construction, you must first find the
Date on which the initial building permit was issued, which is the construction date, provided that the construction began within 180 days of that date
A flood policy that restricts coverage to two types of buildings, one of which is a non-condominium residential building designed for principal use as a dwelling place for one to four families, is a
Dwelling policy
Post-FIRM regular program buildings are evaluated for premium rating by determining the
Elevation difference -- the difference between the lowest floor and the base flood elevation (BFE)
Following a major flood disaster, all claims assignments are made by the Flood Insurance Claims Office (FICO), which
Establishes an Adjuster Control Office (ACO) for Direct insurance policies and a Claims Coordinating Office (CCO) for WYO policies, as well as pays Direct flood claims
How does the Federal Emergency Management Agency (FEMA) define mudflow?
FEMA defines mudflow as a river of liquid and flowing mud on the surfaces of normally dry land areas, as when the earth is carried by a current of water
Under what circumstances might the Federal Emergency Management Agency (FEMA) waive an insured's requirement to file a proof of loss?
FEMA may waive the proof of loss requirement in circumstances in which widespread flooding affects a region or when the loss is $7,500 or less
If the Write Your Own (WYO) company needs technical assistance, it should contact
Its National Flood Insurance Program (NFIP) Bureau and Statistical Agent Business Consultant
A small portion of a flood map that depicts Base Flood Elevation (BFE), Special Flood Hazard Area (SFHA) zones, and the alphabetical zone labels that can be saved or printed at no cost to a consumer or business is called a
FIRMette
An appeals letter should be addressed, and written by the named insured or a legal representative, to:
Federal Emergency Management Agency Mitigation Directorate Federal Insurance Administrator 1800 S. Bell Street Arlington VA 20598-3010
If an insured is dissatisfied with FEMA's final decision on appeal, and the insure wishes to file a lawsuit against the insurer, he or she must
File a lawsuit within one year from the date on the insurer's written denial
An initial map that indicates the degree of flood hazard for all areas within a particular National Flood Insurance Program (NFIP) community is called a
Flood Hazard Boundary Map
The Severe Repetitive Loss (SRL) Properties program was established by the
Flood Insurance Reform Act of 2004 (FIRA)
Multiple factors resulted in the financial instability of the National Flood Insurance Program (NFIP) and led to the passage of the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12), including
Flood insurance rates that did not reflect true risk, a marked increase in flood claims relate to catastrophic storms, and population expansion in flood-prone areas
One provision of the Biggert-Waters Flood Insurance Reform Act (BW-12) that prompted improvements to reduce flood losses and loss of life was
Flood risk mitigation, which funded and prompted the Federal Emergency Management Agency to offer hazard mitigation assistance through grants and other programs
The National Flood Insurance Program (NFIP) policy on a property that is subject to a mortgage can be cancelled
For one of several specific reasons, including the sale or transfer of ownership of the property, which eliminates the insured's insurable interest; fraud; and nonpayment of premium
If an insure is not satisfied with a claims decision or settlement offer by the national Flood Insurance Program (NFIP) or Write Your Own (WYO) company, that insured can appeal the decision. The fourth and final step in the appeals process is
For the named insured or his or her legal representative to write an appeals letter to the Federal Emergency Management Agency (FEMA) including all required items described in the Flood Manual and the Claims Handbook
One of the three purposes of the original National Flood Insurance Act, passed in 1968, was to
Foster cooperative effort between the federal government and the private insurance industry to authorize a nationwide flood insurance program
A flood policy form issued to owners of residential buildings with five or more units and to owners or lessees of nonresidential buildings or units is a
General property policy
A best practice for producers regarding flood insurance is to:
Give eligible clients a flier listing the reasons to consider flood insurance and require a signature if the client elects not to purchase flood coverage
As defined by the Federal Emergency Management Agency (FEMA), an elevated building is one that
Has no basement and has the lowest elevated floor raised above the ground level by foundation walls, shear walls, posts, pilings, piers or columns in most zones
To be eligible for federal flood insurance, a building must
Have two or more outside rigid walls, a fully secured roof, and be attached to a permanent site
The purpose of the Severe Repetitive Loss (SRL) Properties program is to
Identify and develop a strategy for properties that experience repetitive flooding and to reduce the resulting drain on the National Flood Insurance Program (NFIP)
The Flood Insurance Reform Act of 2004 (FIRA) required insurers to provide information to
Insureds that explains the coverages purchased, coverage exclusions, property valuations, and the loss histories of their properties.
The Claims Handbook, produced by the Federal Emergency Management Agency (FEMA), recommends that, before the flood loss occurs, insureds
Maintain in a secure place a copy of the insurance policy and other important documents and records
In community rating system, to be eligible for the largest discount on flood insurance premiums, the community is required to
Make a very large commitment to floodplain management
The National Flood Insurance Program (NFIP) General Change Endorsement Form can be used to
Make certain types of coverage and rating changes or corrections to existing policy data, such as adding coverage or increasing the insurance amount during the policy term
A product of the National Flood Insurance Program (NFIP) that is designed for communities going through flood map updates, which often confuse property owners, especially those who learn that their property is now high risk and that they will be required to purchase flood insurance, is called the
Map Change Toolkit
The goals of the Coastal Barrier Resources Act are to:
Minimize loss of human life by discouraging development in high-risk areas, reduce wasteful expenditure of federal resources and protect the natural resources associated with coastal barriers
A comprehensive guide for the National Flood Insurance Program (NFIP) offering its rules, regulations, rating procedures, policies, various flood programs, and other information, which is routinely updated to reflect current flood legislation, is the
NFIP Flood Insurance Manual
The Homeowner Flood Insurance Affordability Act of 2014 reversed the sharp premium increases that were created by the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12), and in addition to creating two new surcharges, it instead provided that
Newly mapped properties in special flood hazard areas are offered first-year premiums that match preferred risk policy rates, and that flood insurance rates would increase by no more than 18% per year, with a few exceptions
If a community which the Federal Emergency Management Agency (FEMA) identified as flood prone doesn't participate in the National Flood Insurance Program (NFIP) within one year of the community's identification, then
No resident in the community can purchase a federal flood insurance policy
Two of the claims used to meet the criteria of a property in the Severe Repetitive Loss (SRL) Property program must
Occur within ten years of each other, and multiple losses at the same location that occur within ten days of one another count as one loss with the payment amounts combined
A building is considered pre-FIRM construction for National Flood Insurance Program (NFIP) rating if construction or improvements began according to the permit date (within 180 days of that date) or
On or before December 31, 1974, or before the initial FIRM date for the community
The Biggert-Waters Flood Reform Act (BW-12) specified that as of October 1, 2013, premium rates would increase 25% of each year until the rates reflected the full risk for which one of the following insured parties?
Owners of business properties in special flood hazard areas with subsidized insurance rates and owners of severe repetitive loss properties with subsidized insurance rates
Under the Dwelling Form's personal property coverage, coverage is provided for the direct physical loss by or from flood to
Personal property inside a fully enclosed building at the described location and personal property in a building that is not fully enclosed if the property is secured to prevent it from floating away
One measure that the Biggert-Waters Flood Insurance Reform Act (BW-12) established to improve the long-term sustainability of the National Flood Insurance Program (NFIP), but that backfired because it resulted in devaluation of properties to the point where families could not afford to keep their homes, was the
Phaseout of subsidized rates to create full-risk premium rates
The final phase of a community's participation in the National Flood Insurance Program (NFIP), when a Flood Insurance Rate Map (FIRM) is developed to determine insurance rates, is called the
Regular Program
The General Property Form provides an additional Coverage C coverage that is not available under the Dwelling Form, which is coverage for
Pollution damage caused by pollutants if the discharge, seepage, migration, release or escape is caused by or results from flood
New construction and structures built after the effective date of the first Flood Insurance Rate Map (FIRM) and for which insurance rates are dependent on the elevation of the lowest floor of the building are called
Post-FIRM buildings
A building constructed before flood hazard data and flood elevations became available to a community and, typically, before the community adopted floodplain management regulations is a
Pre-FIRM building
Under the Flood Insurance Reform Act of 2004 (FIRA), the two parties that are required to make sure that insureds understand what is covered by their flood policies and their rights and responsibilities under the policies are the
Producers of Standard Flood Insurance Policies (SFIPs) and the Federal Emergency Management Agency (FEMA)
A flood policy provision that offers procedures for handling insufficient premium provided with requested coverage and that applies if the premium or information inadequacies are corrected after a loss is
Reformation of Coverage
Under the Dwelling Form, if the dwelling is the primary residence of the insured, a covered loss to the dwelling is settled at
Replacement cost value, subject to an 80% coinsurance penalty, and all other buildings and personal property are settled at actual cash value
A major goal of the Flood Insurance Reform Act of 2004 (FIRA) was to
Require the purchase of flood insurance and mitigate flood losses in high-risk flood areas and to save lives
Seventy-five percent or more of the total floor area of the building must be in residential use to be eligible for the
Residential condominium building association policy (RCBAP)
Sections of properties that experience special flood, mudflow or flood-related erosion hazards, depicted on Flood Hazard Boundary maps (FHBMs) and Flood Insurance Rate Maps (FIRMs), and that are subject to flood management regulations and mandatory purchase of flood insurance are
Special Flood Hazard Areas (SFHAs)
One piece of legislation that assigned authority to the President of the United States to inspect a disaster area, declare a national disaster, and initiate emergency response, including designation of Federal Emergency Management Agency (FEMA) funds for rebuilding or relocating properties, is the
Stafford Act signed in 2013
A flood insurance policy that has a unique Mortgage Clause and Reformation of Coverage is the
Standard Flood Insurance Policy (SFIP)
As policies in the Severe Repetitive Loss (SRL) Property program come up for renewal, they are transferred to the National Flood Insurance Program (NFIP) Servicing Agent's Special Direct Facility (SDF), which will
Supervise the group of SLR policies and, when mitigation decisions are made, contribute to attaining the strategy's primary objective
Grandfathering rules apply for owners of buildings
That were built in compliance with the FIRM that existed at the time of construction and that meet other requirements
What do the C2 codes that are used in rating flood insurance represent, and from what source do they originate?
The C2 codes are elevation codes that originate from an elevation certificate, and they depict different parts of a building diagram
If the amount of premium received is insufficient to purchase the type and amount of coverage requested, then
The amount of coverage that can be purchased with the submitted premium will be provided, instead, and if the insured or the mortgagee pays the additional premium within thirty days of the billing date, the policy will be reformed
When determining the construction date of a manufactured or mobile home that is located in a mobile home park or subdivision, the construction date is
The date when the construction permit was issued for the park
Under the Flood Insurance Reform Act of 2004 (FIRA), for a new flood insurance policy, a producer is responsible for delivering
The declarations page and the policy contract to the insured and the lender, if appropriate. The insured must sign an acknowledgment form to confirm the receipt.
What coverage is provided for a dwelling under coverage A of the Dwelling Form?
The dwelling is covered at the described location and for up to forty-five days at another location if it was removed to that location for safety
The first step in the National Flood Insurance Program (NFIP) rating processes is to determine
The exact location of the building and whether that location is in an eligible community
A producer can find the National Flood Insurance Program (NFIP) Flood Insurance Manual, flood maps, and a search tool for answers to numerous specific questions at
The homepage for the FEMA NFIP website at www.FEMA.gov/National-Flood-Insurance-Program
The Federal Emergency Management Agency (FEMA) reviews all appeals documents, including reinspection reports and provides a written appeals decision to
The insured and insurer within ninety days from the date that all loss information was submitted by the insured
Following a flood loss, what should a flood insured do before hiring any cleaning or maintenance contractors?
The insured should first consult with the National Flood Insurance Program (NFIP) insurer or the assigned flood adjuster concerning coverage
The National Flood Insurance Program (NFIP) issues a notice of expiration no less than forty five days before the expiration of a flood insurance policy. To ensure that coverage does not lapse,
The policy renewal documentation and the appropriate premium should be submitted to the NFIP within a thirty-day period before the policy expiration date
One premium requirement of the Biggert-Waters Flood Insurance Reform Act (BW-12) that was devastating for middle-class families whose properties were in flood zones was that
Their flood insurance premium rates would increase 25% each year until the rates reflected the full risk
If a new flood insurance application and premium payment are received by the insurer within ten days from the date on the application, a standard waiting period applies and will begin on the date of the application. The waiting period is
Thirty days and applies unless the insurance is required in connection with a loan on the property, in which case no waiting period applies
People who are required to purchase flood insurance are
Those who live in recognized special flood hazard areas and have federally issued or backed mortgages
Producers who place and service flood insurance business through the National Flood Insurance Program (NFIP) Direct program should address any technical questions or request any resolutions for technical problems
To an NFIP Servicing Agent
After a flood loss, if the Federal Emergency Management Agency (FEMA) requires it, an insured might be required to submit
To an examination under oath
In certain zones, to obtain insurance through the National Flood Insurance Program (NFIP), an enclosure or a crawl space is required to have at least two proper openings, which are
Vents in a wall that automatically equalize hydrostatic flood forces on exterior walls by allowing for the entry and exit of flood waters; also called flood vents
Under Write Your Own (WYO) flood insurance program, participating property-casualty insurers write federal flood insurance coverage...
in their own names
Following an isolated and non-extensive flood loss, producers may assign any National Flood Insurance Program (NFIP) Direct claim to an NFIP-approved independent adjuster, who will
Work in conjunction with the Claims Coordinating Office (CCO) to improve service to policyholders of wind and flood damage insurers
Diagram #2 is a building with which the lowest floor is below ground level on all sides and is described as
a basement
For a property to be included in the Severe Repetitive Loss (SRL) Property program, it must be insured through the National Flood Insurance Program (NFIP) and
it must meet one of two criteria regarding the flood losses paid on the property since 1978
An advantage of federal flood insurance over federal disaster assistance is that flood insurance:
restores property to its pre-loss condition, unlike disaster assistance
A collaboration of federal, state, tribal, and local partners with the Federal Emergency Management Agency (FEMA), who are working to reduce the risk and damages from flood, and who provide high quality flood maps and information, tools to better assess the risk from flooding, and planning and outreach support to communities to help them reduce or mitigate flood risks is the
www.FloodSmart.gov
An act passed by Congress was a temporary provision for any property newly mapped into a mandatory flood insurance purchase area or subject to a revised or updated flood map. Under this provision, initial flood insurance rates would be set at 50% of the full-risk rates the first year and would increase by 20% each year thereafter. The act described is the
Consolidated Appropriations Act
One role of the Federal Emergency Management Agency's (FEMA's) flood maps is to
Determine the extent of flood risk for property within a community that enters the National Flood Insurance Program (NFIP)
Produces who place and service flood insurance business through one of the Write Your Own (WYO) companies should address questions and requests for technical assistance
Directly to the WYO company
A problem that was introduced by provisions in the National Flood Insurance Reform Act of 1994, and intended to be remedied by the Flood Insurance Reform Act of 2004, was that
Discounts on flood insurance for properties located in flood zones encouraged insureds to rebuild flood-damaged homes in high-risk flood zones, leaving them vulnerable to flood loss
The official map of a community for which the Federal Emergency Management Agency (FEMA) has identified the special hazard areas and the risk premium zones that apply to properties in that community and that is used by producers for flood risk identification and rating is called a
Flood Insurance Rate Map
A stark indicator of the National Flood Insurance Program's (NFIP) instability, which was improved by the Biggert-Waters Insurance Reform Act (BW-12), was the
Frequency with which Congress extended short, temporary renewals of the program
Flood insurance rates that are actuarially based and intended to cover the expected cost of future flood losses and administrative costs are referred to as
Full-risk premium rates
The Federal Emergency Management Agency (FEMA) is currently within which one of these departments?
The US Department of Homeland Security
