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 commercial buildings?

$250,000
$500,000
$750,000
$1,000,000

The correct answer is: $500,000

Building Property Coverage refers to the amount of insurance coverage for the physical structure of a building. In commercial buildings, this coverage is typically higher than in residential buildings due to their larger size and higher property value. Option A, with a limit of $250,000, may not be sufficient for most commercial buildings. Option C, with a limit of $750,000, is also not the maximum coverage available. Option D, with a limit of $1,000,000, may also not be the maximum coverage as some insurance companies may offer higher coverage for commercial buildings. Therefore, the most accurate and appropriate answer is B, with a limit of $500,000.