GA CLAIMS ADJUSTER LICENSING EXAM|COMPLETE STUDY GUIDE WITH HIGH YIELD QUESTIONS AND 100% RIGHT/AUTHENTIC ANSWERS| ALREADY GRADED A | LATEST VERSION 2025.

What coverage does Community Eligibility apply to? - CORRECT ANSWERS️️Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - CORRECT ANSWERS️️Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? - CORRECT ANSWERS️️$250,000 On what policy can you add the Flood Program endorsement? - CORRECT ANSWERS️️None! It has its own policy through the Federal Government. Difference in Conditions (DIC) Insurance - CORRECT ANSWERS️️A separate insurance policy that provides open-perils coverage to fill in the gaps left by flood coverage if a home is worth over $250K. Coverage is produced through Excess/Surplus Lines. What is the waiting period on NFIP coverage? - CORRECT ANSWERS️️30 days after policy purchase What is the coverage change waiting period for the NFIP? - CORRECT ANSWERS️️5 days Give examples of the flood peril - CORRECT ANSWERS️️- an overflow of inland or tidal waters - unusual or rapid accumulation or runoff of surface waters -Mudflow or Mudslide - Collapse of land along the shore of a lake as a result of erosion What kinds of things does flood insurance cover? - CORRECT ANSWERS️️Your house and your things (dwelling and personal property). No indirect charges. Dwelling coverage extension for flood insurance covers what? How much is it? - CORRECT ANSWERS️️Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an extension of coverage, NOT the $250K limit so any coverage needed here will reduce the amount able to go to the dwelling. Contents coverage of flood insurance is limited to what? - CORRECT ANSWERS️️Personal property damaged or destroyed by the flood itself and belongs to insured and resident spouse/relatives. The insured is liable for content of others. What are the coverages of flood insurance? - CORRECT ANSWERS️️Dwelling, Contents, Debris Removal How are damaged items valued in flood coverage? - CORRECT ANSWERS️️Dwelling - replacement cost Contents - Actual Cash Value What kind of property is not covered by flood insurance? - CORRECT ANSWERS️️Basements and underground structure (ex. septic tanks), animals, money/accounts/bills, land, anything else covered by other policies (motor vehicles, aircraft, watercraft) Loss Valuation on flood insurance - CORRECT ANSWERS️️(amount of insurance purchased/80% Dwellings Total replacement cost) x Loss Amount Standard deductible on flood insurance - CORRECT ANSWERS️️$1K for Dwelling and $1K for Content Personal Inland Marine Insurance - CORRECT ANSWERS️️Floaters or policies for world-wide coverage of personal property on an open-peril basis. Is flood excluded from Personal Inland Marine Insurance? - CORRECT ANSWERS️️NOPE. It's covered! What are the floaters available on Personal Inland Marine Insurance? - CORRECT ANSWERS️️Personal Articles Floaters, Personal Property Floaters, and Personal Effects Floaters What perils are covered under Personal Inland Marine Insurance floaters? - CORRECT ANSWERS️️all; open-peril Which PIMI floater would be appropriate for a diamond ring? Why? - CORRECT ANSWERS️️Personal Articles Floater - itemizes valuables such as jewelry and furs What is a Personal Effects Floater good for? What deductible does it have? - CORRECT ANSWERS️️world-wide open peril coverage of personal property for people who are traveling - luggage, sports equipment, clothes, and camera. NO DEDUCTIBLE. What is a Personal Property Floater good for? What kind of limit do they have? - CORRECT ANSWERS️️World-wide open peril coverage of personal property - usually for special occasions like weddings or exhibitions. There is a blanket limit! Does personal inland marine insurance cover flood? - CORRECT ANSWERS️️Yes. Somehow. All of the following coverage is available under a Standard Flood Insurance Policy issued by the National Flood Insurance Program except: a. Loss of Use b. Dwelling c. Personal Property d. Removal - CORRECT ANSWERS️️A. Loss of Use