Standard Flood Insurance Policy, Dwelling Form (complete policy form)

What this document is

44 C.F.R. Part 61, Appendix A(1) - Standard Flood Insurance Policy, Dwelling Form (complete policy form) is a regulation published by Federal Emergency Management Agency, Federal Insurance and Mitigation Administration; Office of the Federal Register / National Archives (Electronic Code of Federal Regulations, eCFR). It is one of the documents that insurance license exam questions are written from, including property & casualty, personal lines, claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 44 C.F.R. pt. 61, App. A(1), Art. II.C.11 (Definitions, Declarations Page)

  “11. Declarations Page. A computer-generated summary of information you provided in your application for insurance. The Declarations Page also describes the term of the policy, limits of coverage, and displays the premium and our name. The Declarations Page is a part of this flood insurance policy.”

• 44 C.F.R. pt. 61, App. A(1), Art. I.C (Agreement)

  “C. We will pay you for direct physical loss by or from flood to your insured property if you: 1. Have paid the full amount due (including applicable premiums, surcharges, and fees); 2. Comply with all terms and conditions of this policy; and 3. Have furnished accurate information and statements.”

• 44 C.F.R. pt. 61, App. A(1), Art. V.C (Exclusions)

  “C. We do not insure for loss to property caused directly by earth movement even if the earth movement is caused by flood. Some examples of earth movement that we do not cover are: 1. Earthquake; 2. Landslide; 3. Land subsidence; 4. Sinkholes; 5. Destabilization or movement of land that results from...”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.G (General Conditions, Requirements in Case of Loss)

  “G. Requirements in Case of Loss In case of a flood loss to insured property, you must: 1. Give prompt written notice to us. 2. As soon as reasonably possible, separate the damaged and undamaged property, putting it in the best possible order so that we may examine it. 3. Prepare an inventory of...”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.N.3 (Mortgage Clause)

  “3. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in the ownership or occupancy, or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have...”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.G.4 (Requirements in Case of Loss, proof of loss)

  “4. Within 60 days after the loss, send us a proof of loss, which is your statement of the amount you are claiming under the policy signed and sworn to by you, and which furnishes us with the following information:”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.M (Appraisal)

  “M. Appraisal If you and we fail to agree on the actual cash value or, if applicable, replacement cost of your damaged property to settle upon the amount of loss, then either may demand an appraisal of the loss. In this event, you and we will each choose a competent and impartial appraiser within 20...”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.B.1 (General Conditions, Other Insurance)

  “B. Other Insurance 1. If a loss insured by this policy is also insured by other insurance that includes flood coverage not issued under the Act, we will not pay more than the amount of insurance you are entitled to for lost, damaged, or destroyed property insured under this policy subject to the...”

• 44 C.F.R. pt. 61, App. A(1), Art. VII.P (Subrogation)

  “P. Subrogation Whenever we make a payment for a loss under this policy, we are subrogated to your right to recover for that loss from any other person. That means that your right to recover for a loss that was partly or totally caused by someone else is automatically transferred to us, to the...”

• 44 C.F.R. pt. 61, App. A(1), Art. VIII.A (Policy Nullification for Fraud, Misrepresentation, or Making False Statements)

  “1. With respect to all insureds under this policy, this policy is void and has no legal force and effect if at any time, before or after a loss, you or any other insured or your agent have, with respect to this policy or any other NFIP insurance: a. Concealed or misrepresented any material fact or...”

• 44 C.F.R. pt. 61, App. A(1), Art. VIII.B (Policy Nullification for Reasons Other Than Fraud)

  “B. Policy Nullification for Reasons Other Than Fraud 1. This policy is void from its inception, and has no legal force or effect, if: a. The property listed on the application is located in a community that was not participating in the NFIP on this policy's inception date and did not join or...”

• 44 C.F.R. pt. 61, App. A(1), Art. V.A (Exclusions)

  “A. We only pay for direct physical loss by or from flood, which means that we do not pay you for: 1. Loss of revenue or profits; 2. Loss of access to the insured property or described location; 3. Loss of use of the insured property or described location; 4. Loss from interruption of business or...”

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