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 is the maximum Building Property Coverage for residential buildings?

  1. $100,000

  2. $250,000

  3. $500,000

  4. $750,000

The correct answer is: $250,000

The maximum Building Property Coverage for residential buildings can vary depending on the policy, but typically ranges from $100,000 to $250,000. Option A is incorrect because $100,000 may not provide enough coverage to fully repair or replace a residential building in the event of a disaster. Option C and D are incorrect because $500,000 and $750,000 are typically considered excessive for residential buildings and may not be covered under a standard policy.