Certified Floodplain Manager (CFM) Practice Exam

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Study for the Certified Floodplain Manager (CFM) Exam with a comprehensive quiz featuring multiple-choice questions, exam tips, and in-depth explanations. Prepare yourself for the CFM certification with confidence!

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Is building coverage mandatory for renters under NFIP's flood insurance?

  1. Yes, it is mandatory for everyone

  2. No, it's not available to renters

  3. Yes, but only in SFHAs

  4. No, but contents coverage is recommended

The correct answer is: No, it's not available to renters

Under the National Flood Insurance Program (NFIP), building coverage is specifically designed for property owners, which means that it is not available to renters. The rationale behind this is that the building coverage protects the physical structure of the building, which is owned by the landlord or property owner, not the tenants. Renters may, however, obtain contents coverage, which protects their personal belongings within the rented space. This distinction clarifies why renters do not have access to building coverage through the NFIP, leading to the conclusion that the correct answer emphasizes the unavailability of building coverage to this group.

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