When Waters Rise: Flood Insurance Basics

Helping Policyholders Navigate Through Troubled Waters

$8.00 + your state filing fee
4 Credit Hours

This course fulfills the flood requirement for P&C insurance agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Discuss flood risk, and why insuring it is so important
  • A focus on the National Flood Insurance Program, which provides flood insurance to the most susceptible areas
  • Examine the role of communities in protecting against flood, as well as some of the intricacies of mapping flood plains and assessing the risk of flood to different locations and types of homes

Summary

In this course, we will discuss flood risk, and why insuring it is so important. The course focuses in depth on the National Flood Insurance Program, which provides flood insurance to the most susceptible areas. We also include a discussion of the role of communities in protecting against flood, as well as some of the intricacies of mapping flood plains and assessing the risk of flood to different locations and types of homes. By the end of this course, students should be well versed in the many complex issues surrounding flood risks and the insurance available to mitigate them.

Outline

1. Introduction to Flood Insurance

  • 1.1 Why Flood Insurance?
  • 1.2 Facts About Floods
  • 1.3 Federal Disaster Assistance
  • 1.4 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. The National Flood Insurance Program (NFIP)

  • 2.1 Overview
  • 2.2 History
  • 2.3 The Beginnings of Private-Sector Flood Insurance
  • 2.4 Benefits of the NFIP
  • 2.5 Information for Buyers
  • 2.6 Summary
  • Chapter 2 Quiz

3. NFIP Coverage

  • 3.1 Available Flood Insurance
  • 3.10 Summary
  • 3.2 Preferred Risk Policy
  • 3.3 Limitations and Covered Losses
  • 3.4 Basement Coverage
  • 3.5 Other Covered Losses
  • 3.6 Deductibles
  • 3.7 Covered Preventive Measures
  • 3.8 Replacement Cost Coverage
  • 3.9 Filing a Flood Insurance Claim
  • Chapter 3 Quiz

4. Flood Plain Management and Mapping Issues of Flood Insurance

  • 4.1 The Role of the Community
  • 4.2 Flood Hazard Boundary Map vs. Flood Insurance Rate Map
  • 4.3 State Government Involvement
  • 4.4 Substantial Improvement and Substantial Damage
  • 4.5 Role of the Community in Flood Hazard Assessment
  • 4.6 Determining Flood Hazard Areas and Flood Levels
  • 4.7 Flood Hazard Zones
  • 4.8 Correcting a FIRM
  • 4.9 Summary
  • Chapter 4 Quiz

5. Flooding Legislation and Reform

  • 5.1 Coastal Barrier Resource System
  • 5.2 The Flood Insurance Reform Act of 2004
  • 5.3 Criticism of the Flood Insurance Program
  • 5.4 Summary
  • Chapter 5 Quiz

6. Flood Hazard Policy Forms

  • 6.1 Types of Flood Hazard Policies
  • 6.2 Agreement & Definitions
  • 6.3 The Coverage
  • 6.4 Exclusions
  • 6.5 Insured Responsibilities
  • 6.6 Policy Guidance for Closed Basin Lakes
  • 6.7 Flood Safety
  • 6.8 Conclusion
  • 6.9 Summary
  • Chapter 6 Quiz

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

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