This course reviews the different ways that condominiums can be written in the NFIP and what makes condominiums unique—in other words, what sets them apart from other building types that are written in the National Flood Insurance Program. Rich Slevin of NFIP Training will lead you through a series of video segments covering topics relevant to condominiums in the NFIP. Knowledge checks following the segments help you check your understanding and reinforce the subject matter.
At the end of this course, you will be able to:
- Define condominium according to the NFIP
- Identify the different ways condominiums are written using the three Standard Flood Insurance Policy (SFIP) coverage forms
- Explain the methods used for rating low-rise and high-rise condominium buildings
- Recognize the coverage differences and distinct loss settlement procedures for condominiums insured under the RCBAP, Dwelling, and General Property Forms
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