Flood Insurance Issues and Options

Overview

Many policyholders only realize their flood exclusions after a flood event, leaving them without coverage. Producers should understand flood risks and insurance options to help clients identify coverage gaps. This course covers the flood peril, the National Flood Insurance Program (NFIP), and private market options to address coverage gaps or provide excess coverage over NFIP limits.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • describe the extent of flood exclusions found in standardized policies
  • explain why many property owners fail to purchase flood insurance
  • list the basic policies and coverages offered by the NFIP
  • discuss the barriers that have long prevented many private insurers from providing primary flood insurance coverage
  • discuss the flood insurance options available in the private market
  • list the various advantages and disadvantages of private market solutions over NFIP coverage

Designed For:

Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career




Course Information

Adding additional credit may change exam requirements.