Course Type: Homestudy
Minimum Score Needed to Pass Final Exam: 70%
Proctor Requirements: None
Course Provider: : WebCE #364621
Approved By:
Florida Insurance Department
Bureau of Agent and Agent Licensing
Room 419 Larson Building
200 E. Gaines St.
Tallahassee, FL 32399-0319
(850)413-3134
http://www.fldfs.com/
Course Description: Standard residential property policies normally exclude flood losses, due to their catastrophic nature. In response to an overall need for flood insurance, Congress passed the National Flood Insurance Act of 1968. This Act established the operation of a national program for providing this much-needed coverage. The National Flood Insurance Program (NFIP) is managed by the Federal Insurance Administration, an arm of the Federal Emergency Management Agency (FEMA). Homeowners desiring flood insurance must procure this coverage through the NFIP. This course provides an introduction to flood insurance, focusing on the standard coverage found in the NFIP’s dwelling form. The main sections of this course concentrate on the general coverage provisions of this form. This course focuses on flood insurance, as provided through the National Flood Insurance Plan. The objectives for this course include an understanding of the following.
- The types of floods, national statistics, and loss control measures concerning this peril
- Arranging flood insurance and related procedural issues
- Covered building property and covered personal property under the flood policy
- Excluded property
- Additional coverages such as debris removal expenses, expenses of removing property to safety, sandbagging expenses, condominium loss assessments, and increased cost of compliance
- Covered perils and exclusions
- Valuation and coinsurance clauses
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