NFIP Flood Adjuster case studies
NFIP Flood Adjuster · Put your knowledge to work in context.
The NFIP Flood Adjuster credential is the certification that lets an insurance adjuster handle claims under the National Flood Insurance Program, the federal flood program administered by FEMA. It is aimed at property adjusters, independent adjusters, and claims professionals who want to work flood losses, and at firms that deploy adjuster cadres after flooding events. The NFIP Flood Adjuster case studies are 5 cases and about 2,886 words.
1The Lender's Closing, the 30-Day Wait, and the Finished Basement
On April 2, a homeowner calls your desk to buy flood insurance because her mortgage lender requires it. The loan closing is scheduled for April 15.
582 words, about 3 min2The Late Proof of Loss and the Adjuster's Reassurance
On June 1, a flood damages a two-story single-family home. The adjuster inspects on June 10 and tells the insured, 'Don't worry about the 60-day proof-of-loss deadline; we'll work with you.' The insured submits a signed and sworn proof of loss on August 15, 75 days after the loss, along with receipts and photographs.
621 words, about 3 min3The Underinsured Dwelling and the 80% Replacement Cost Threshold
A single-family dwelling is the insured's principal residence. The policy has 180,000 building coverage and 60,000 contents coverage, with a 1,000 deductible.
538 words, about 3 min4The Inflated Contents Inventory and the Request to Pad the Claim
After a flood, an insured submits a contents inventory claiming 48,000. It includes a 65-inch television, a diamond ring valued at 6,000, 1,500 in cash, a riding lawnmower, and 12 pairs of designer shoes.
578 words, about 3 min5The Breezeway Garage, the Business Inventory, and the 10% Limit
A single-family dwelling is insured under the Dwelling Form for 250,000 building and 100,000 contents, with a 2,000 deductible. A detached garage is connected to the house by a covered breezeway with a continuous roof.
567 words, about 3 min