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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What does Excess Insurance Coverage provide?

  1. Funding for floodway construction

  2. Coverage above NFIP set limits

  3. Lower insurance premium rates

  4. Federal disaster assistance

The correct answer is: Coverage above NFIP set limits

Excess Insurance Coverage provides additional protection for property owners against potential damages to their property that exceed the limits set by the National Flood Insurance Program (NFIP). The other options are incorrect because A. Funding for floodway construction is a type of flood mitigation measure and is not related to insurance coverage. C. Lower insurance premium rates would be a benefit of having flood insurance, but it does not directly relate to the purpose of Excess Insurance Coverage. D. Federal disaster assistance is a form of financial support provided by the government in the event of a disaster, but it is not a type of insurance coverage. As such, the correct answer is B as it clearly states the specific purpose of Excess Insurance Coverage.

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