Certified Floodplain Manager (CFM) Practice Exam

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Unlock your potential as a Certified Floodplain Manager (CFM) with our expertly crafted practice test. Designed to simulate the real exam, our quiz offers a comprehensive review of floodplain management principles, preparing you for success.

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Is building coverage mandatory for renters under NFIP's flood insurance?

Yes, it is mandatory for everyone
No, it's not available to renters
Yes, but only in SFHAs
No, but contents coverage is recommended

The correct answer is: No, it's not available to renters

Under the National Flood Insurance Program (NFIP), building coverage is specifically designed for property owners, which means that it is not available to renters. The rationale behind this is that the building coverage protects the physical structure of the building, which is owned by the landlord or property owner, not the tenants. Renters may, however, obtain contents coverage, which protects their personal belongings within the rented space. This distinction clarifies why renters do not have access to building coverage through the NFIP, leading to the conclusion that the correct answer emphasizes the unavailability of building coverage to this group.