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 Increased Cost of Compliance (ICC) coverage provide to homeowners?

  1. Funding for repairing cosmetic damages after a flood

  2. Assistance to cover non-compliance fines from local governments

  3. Coverage for home contents lost in a flood

  4. Help to bring non-compliant structures into compliance with floodplain regulations

The correct answer is: Help to bring non-compliant structures into compliance with floodplain regulations

Increased Cost of Compliance (ICC) coverage is found in most flood insurance policies, and it provides financial assistance to homeowners who need to bring their non-compliant structures into compliance with floodplain regulations. Option A is incorrect because ICC coverage does not cover cosmetic damages after a flood. Option B is incorrect because ICC coverage does not provide assistance for non-compliance fines from local governments. Option C is incorrect because ICC coverage does not cover home contents lost in a flood. Therefore, the correct answer is D.

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