Overview
Standard homeowners and commercial property policies usually exclude flood damage. The National Flood Insurance Program (NFIP) is often the only option for flood insurance. This course covers the flood insurance rating process, including the use of elevation certificates and grandfathering rules for changing flood maps. It also addresses critical coverage issues unique to flood insurance.
Learning Objectives
- outline the process for determining flood insurance rates, and describe the factors considered in rating
- determine which NFIP property form to use for a given type of risk
- identify the maximum flood insurance policy limits available for various properties
- describe replacement cost coverage, increased cost of compliance (ICC) coverage, policy fees, and other relevant concepts
- explain the grandfather and glidepath concepts
Designed For
Property and casualty insurance professionals in all stages of their career
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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