CFS Flood Insurance & Claims Assessment Flashcards
6 cards from real CFS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CFS Flood Insurance & Claims Assessment flashcards as text
Which zone designation on a FIRM indicates a high-risk coastal area subject to wave heights of 3 feet or more during the base flood?
Answer: Zone VE
Zone VE is a coastal high-hazard area where wave action can produce wave heights of 3 feet or more, requiring stricter construction standards including free-of-obstruction breakaway walls.
What is the 'waiting period' that typically applies before a new NFIP policy takes effect?
Answer: 30 days
A standard NFIP policy has a 30-day waiting period from the date of application before coverage becomes effective, with limited exceptions for loan closings.
On the Elevation Certificate, which section is completed by the property owner rather than the licensed surveyor?
Answer: Section D — Surveyor, Engineer, or Architect Certification
Section D of the Elevation Certificate is the owner's optional non-certification section, but Sections A–C and the certification in Section D require a licensed land surveyor, engineer, or architect.
A surveyor identifies that the lowest adjacent grade around a building is below the BFE. What impact does this have on flood insurance?
Answer: The building will be rated as if the lowest floor is below the BFE, increasing premiums
When the lowest adjacent grade is below the BFE, insurance underwriters may use it as an indicator of flood exposure, potentially increasing premium ratings for the structure.
Which FEMA grant program provides funding to states and communities to reduce or eliminate long-term flood risk to repetitive loss properties?
Answer: Flood Mitigation Assistance (FMA) Grant Program
The Flood Mitigation Assistance (FMA) grant program specifically targets NFIP-insured structures, prioritizing repetitive and severe repetitive loss properties for elevation, acquisition, or demolition funding.
Under NFIP rules, which of the following is NOT covered by a standard flood insurance policy?
Answer: Loss of business income during flood repairs
Standard NFIP policies do not cover loss of use, temporary housing, or business income — they cover direct physical damage to the insured building and contents only.