Which of the following property items is not covered by flood insurance? (2024)

Which of the following property items is not covered by flood insurance?

Items not covered by building or contents coverage: Temporary housing and additional living expenses incurred while the building is being repaired or is unable to be occupied.

Which of the following is not covered under flood insurance?

Currency, precious metals and valuable paperwork generally are not covered Most self-propelled vehicles, including cars, are not covered either.

Which of the following flood losses would not be covered under the NFIP policy?

According to the NFIP, the following kinds of damage are not covered by flood insurance: Damage caused by moisture, mildew, or mold that could have been avoided by the property owner or which is not attributable to the flood. Damage caused by earth movement, even if the earth movement is caused by flood.

What would not be considered a flood?

Heavy rains may cause water damage without causing flood damage. If your home's roof is damaged during a storm and rainwater leaks into the house, it is usually considered water, not flood damage. The key difference is the event that caused the damage, in this case, a storm.

Which of the following are excluded on the NFIP flood insurance policy?

The NFIP does not provide building coverage for owners of non-residential units in residential or non-residential buildings. The SFIP excludes coverage for indoor or outdoor swimming pools. The NFIP does not provide coverage for these units unless they are in a condominium form of ownership.

Which of the following is covered by a flood insurance policy?

For example, landscaping, wells, septic systems, decks and patios, fences, seawalls, hot tubs, and swimming pools. Financial losses caused by business interruption. Currency, precious metals, stock certificates and other valuable papers. Cars and most self-propelled vehicles, including their parts.

Which of the following does a flood policy cover?

Some of the things a standard flood policy will cover include: Structural damage to the building and its foundation. The electrical and plumbing systems. Furnace, water heater, and central air conditioner.

What is the exclusion of flood in a homeowners policy?

A water exclusion clause is a standard feature of property insurance contracts, denying coverage of various categories of loss associated with aquatic events. Typically, water exclusion clauses include floods due to external causes; sewage or water main failure/backups; tsunamis; standing or groundwater.

Which of the following coverages in the flood policy is subject to a deductible?

Separate deductibles apply to building and contents coverage. This means that if your building and contents are both damaged due to a flood event, both deductibles are applied.

Which building will the NFIP not insure?

Non-Residential Condominium Unit: The NFIP does not provide building coverage for owners of non-residential units in a residential or non-residential building.

Which of the following is not considered to be a flood under a flood policy?

Underground leakage is not considered a flood under the policy.

What can you lose in a flood?

Floods can cause power, water, and gas outages; disrupt transportation routes and commercial supplies; pollute drinking water systems; damage homes, buildings, and roads; and cause severe environmental problems including landslides and mudslides.

What do floods include?

Flood: An overflow of water onto normally dry land. The inundation of a normally dry area caused by rising water in an existing waterway, such as a river, stream, or drainage ditch. Ponding of water at or near the point where the rain fell. Flooding is a longer term event than flash flooding: it may last days or weeks.

Which of the following appurtenant structures is eligible for flood insurance under the NFIP?

The only appurtenant structure covered by the SFIP is a detached garage at the described location, which is covered under the Dwelling Form. Coverage is limited to no more than 10% of the limit of liability on the dwelling.

Which type of standard policy includes coverage options that would not exclude damage by flood?

"All risks" refers to a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an "all risk" homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.

How does FEMA determine payout?

Your assistance will be determined by comparing your recorded essential losses and serious needs to the types of assistance available within FEMA programs and services. FEMA assistance is not the same as insurance nor can it make the survivor whole.

Which of the following types of property is not provided for flood insurance coverage if located in a basem*nt?

Flood insurance does not cover basem*nt improvements or items not necessary to make the home safe, sanitary and functional -- such as carpeting, finished walls, paint, floors, ceilings, furniture or personal belongings that may be kept in the basem*nt.

Is paper money covered under flood insurance?

Currency, precious metals, and paper valuables, like stock certificates. Outdoor property such as decks, fences, patios, landscaping, wells and septic systems, and hot tubs and pools. Living expenses, like temporary housing (if flood damage deems your home uninhabitable).

Which of the following is generally true of flood insurance?

The correct answer to the question of what is generally true of flood insurance is that flood insurance is not a standard part of a homeowners policy. Instead, it is usually purchased separately or bundled with a homeowners policy but not included as standard coverage.

Which building would fall under a general property form flood insurance policy?

The General Property Form is used to insure five-or-more-family residential buildings and non-residential buildings.

What does the flood insurance information packet contain?

Your flood information packet will include information on when to renew and how to contact your insurance agent. Learn more about how to renew your policy. The purpose of the form is to let policyholders know that the information in the packet is important and should be reviewed and retained.

What is the maximum Nfip deductible?

This can range from 0% for a $1,000 deductible to as high as 45% for a $10,000 deductible, which is the maximum deductible available for NFIP flood insurance. With NFIP, increasing your contents deductible gets you a bigger discount than increasing your building deductible.

Which of the following is not covered for homeowners?

Damage or destruction due to vandalism, fire and certain natural disasters are all usually covered. So is your liability if someone is injured on your property. Certain catastrophes, like flooding or earthquakes, are generally not covered by basic homeowners policies and require specialized insurance.

What perils are not covered?

What damage is not covered by homeowners insurance?

Homeowners insurance doesn't cover floods, earthquakes, typical wear and tear, and damage due to insufficient maintenance. You can usually add flood and earthquake coverage to your policy for an additional fee, but wear and tear and damage from a lack of maintenance are considered preventable.