Flood Insurance for Commercial Property: An Enhanced Flood Course (NY)

Overview

Many commercial property owners who suffer flood losses often find themselves without flood insurance. Thankfully, this trend is shifting due to the growing availability of private flood insurance and the introduction of standard ISO flood insurance forms and endorsements. This course delves into the various types of flood insurance offered by private insurers, including difference-in-conditions (DIC) policies, endorsements to Insurance Services Office, Inc. (ISO) commercial property forms, and stand-alone ISO flood policies. 

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Learning Objectives

  • Describe key elements and coverage of the NFIP
  • Describe the flood coverage available in a difference in conditions (DIC) policy
  • Explain the flood coverage provided by a commercial property form with the flood coverage endorsement (CP 10 65)
  • Explain the basic and optional coverages provided by the ISO commercial flood policy (FC 00 01)
  • Describe the endorsements that can be used to modify an ISO commercial flood policy
  • Explain how coverage between two types of flood policies can be coordinated 


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.

Course Information

Adding additional credit may change exam requirements.