ANFI 205 LATEST 2026 STUDY GUIDE QUESTIONS AND
ANSWERS GUARANTEE A+
✔✔Louise has had a standard-rated flood insurance policy from the National Flood
Insurance
Program (NFIP) on her home for the last four years. Her home is located in Zone X and
has had
no flood losses. She has been advised that her home is eligible for a Preferred Risk
Policy
(PRP). How many policy terms can be converted to a PRP? - ✔✔Four
✔✔Brad has had flood insurance under the National Flood Insurance Program (NFIP)
on his home
for the last five years. The building is rated using pre-FIRM rates. While Brad was going
through
some old house files, he found an Elevation Certificate (EC) for the building. Brad has
submitted
the EC and it has been determined that his building sits above the Base Flood Elevation
and is
eligible for more favorable rates. For how many terms will the NFIP allow rating
corrections
based on the submitted EC? - ✔✔Current year only
✔✔James has carried flood insurance on his home for 10 years and has never had a
flood loss. To
reduce expenses, he has decided to reduce his building coverage to lower his premium
during
the policy term. This reduction in coverage is - ✔✔Not allowed.
✔✔Kathy received a National Flood Insurance Program (NFIP) flood insurance policy
using an
incorrect community number. However, Kathy's property is located in a non-participating
NFIP
community. Which one of the following is true regarding this situation? - ✔✔Kathy's
property is ineligible for flood insurance through the NFIP.
✔✔Dennis has sold his dwelling and asks that his National Flood Insurance Program
(NFIP) flood
insurance policy be cancelled. In order to receive a refund, he must be sure - ✔✔To
provide a copy of settlement papers.
✔✔James purchased a National Flood Insurance Program (NFIP) Dwelling Form
insuring the
contents of his apartment. The apartment is located in the lowest level of a three story
building,
, four steps below street level on all sides. Heavy rains flood the area and water flows
from the
street into his apartment. The NFIP dwelling flood policy - ✔✔Will cover the washer and
dryer James purchased and installed in his apartment on an ACV
basis.
✔✔Martha has her house insured under the National Flood Insurance Program (NFIP)
Dwelling
Form. There was a covered flood event that caused damage to her house and contents.
Martha's $5,000 fur coat was completely destroyed. Which one of the following correctly
describes coverage for Martha's fur coat? - ✔✔There is coverage up to a special
sublimit in the policy.
✔✔Bill and Barbara have a National Flood Insurance Program (NFIP) Dwelling Form
covering their
home. A covered flood event occurred. While their house was being remodeled, Bill and
Barbara incurred extra expenses to rent a furnished apartment suite. Which one of the
following
is true regarding these rental expenses? - ✔✔The expenses are excluded by the policy.
✔✔Jordan and Julie insure their beach house with a National Flood Insurance Program
(NFIP)
Dwelling Form. They have purchased the maximum dwelling and personal property
coverage
available. After a major coastal storm, they travel from their primary residence to meet
with the
flood adjuster and review the damage to their beach house and its contents. Which one
of the
following settlement options will be used to calculate their claim payment? - ✔✔The loss
to their dwelling and their personal property will be settled on the basis of actual
cash value since this is not their principal residence.
✔✔Tim has purchased a National Flood Insurance Program (NFIP) Dwelling Form for
his house. A
flood has done extensive damage to his property. Jim's Dwelling Form provides -
✔✔Coverage for the damage to his foundation and exterior walls.
✔✔Condos by the Sea have a Residential Condominium Building Association Policy
(RCBAP) with
$400,000 dwelling coverage. The replacement value of the building is $500,000. The
covered
building is flooded resulting in a $200,000 loss. Ignoring any deductible that may apply,
what
loss amount will be covered under the RCBAP? - ✔✔$200,000
ANSWERS GUARANTEE A+
✔✔Louise has had a standard-rated flood insurance policy from the National Flood
Insurance
Program (NFIP) on her home for the last four years. Her home is located in Zone X and
has had
no flood losses. She has been advised that her home is eligible for a Preferred Risk
Policy
(PRP). How many policy terms can be converted to a PRP? - ✔✔Four
✔✔Brad has had flood insurance under the National Flood Insurance Program (NFIP)
on his home
for the last five years. The building is rated using pre-FIRM rates. While Brad was going
through
some old house files, he found an Elevation Certificate (EC) for the building. Brad has
submitted
the EC and it has been determined that his building sits above the Base Flood Elevation
and is
eligible for more favorable rates. For how many terms will the NFIP allow rating
corrections
based on the submitted EC? - ✔✔Current year only
✔✔James has carried flood insurance on his home for 10 years and has never had a
flood loss. To
reduce expenses, he has decided to reduce his building coverage to lower his premium
during
the policy term. This reduction in coverage is - ✔✔Not allowed.
✔✔Kathy received a National Flood Insurance Program (NFIP) flood insurance policy
using an
incorrect community number. However, Kathy's property is located in a non-participating
NFIP
community. Which one of the following is true regarding this situation? - ✔✔Kathy's
property is ineligible for flood insurance through the NFIP.
✔✔Dennis has sold his dwelling and asks that his National Flood Insurance Program
(NFIP) flood
insurance policy be cancelled. In order to receive a refund, he must be sure - ✔✔To
provide a copy of settlement papers.
✔✔James purchased a National Flood Insurance Program (NFIP) Dwelling Form
insuring the
contents of his apartment. The apartment is located in the lowest level of a three story
building,
, four steps below street level on all sides. Heavy rains flood the area and water flows
from the
street into his apartment. The NFIP dwelling flood policy - ✔✔Will cover the washer and
dryer James purchased and installed in his apartment on an ACV
basis.
✔✔Martha has her house insured under the National Flood Insurance Program (NFIP)
Dwelling
Form. There was a covered flood event that caused damage to her house and contents.
Martha's $5,000 fur coat was completely destroyed. Which one of the following correctly
describes coverage for Martha's fur coat? - ✔✔There is coverage up to a special
sublimit in the policy.
✔✔Bill and Barbara have a National Flood Insurance Program (NFIP) Dwelling Form
covering their
home. A covered flood event occurred. While their house was being remodeled, Bill and
Barbara incurred extra expenses to rent a furnished apartment suite. Which one of the
following
is true regarding these rental expenses? - ✔✔The expenses are excluded by the policy.
✔✔Jordan and Julie insure their beach house with a National Flood Insurance Program
(NFIP)
Dwelling Form. They have purchased the maximum dwelling and personal property
coverage
available. After a major coastal storm, they travel from their primary residence to meet
with the
flood adjuster and review the damage to their beach house and its contents. Which one
of the
following settlement options will be used to calculate their claim payment? - ✔✔The loss
to their dwelling and their personal property will be settled on the basis of actual
cash value since this is not their principal residence.
✔✔Tim has purchased a National Flood Insurance Program (NFIP) Dwelling Form for
his house. A
flood has done extensive damage to his property. Jim's Dwelling Form provides -
✔✔Coverage for the damage to his foundation and exterior walls.
✔✔Condos by the Sea have a Residential Condominium Building Association Policy
(RCBAP) with
$400,000 dwelling coverage. The replacement value of the building is $500,000. The
covered
building is flooded resulting in a $200,000 loss. Ignoring any deductible that may apply,
what
loss amount will be covered under the RCBAP? - ✔✔$200,000
