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Florida Department of Financial Services

Flood Insurance Overview (NFIP and private flood, what is covered, 30-day wait, waiting periods, Increased Cost of Compliance, claims)

Publisher
Florida Department of Financial Services, Division of Consumer...
Edition
undated page
Last checked
2026-09-29
Status
Publication of the Florida Department of Financial Services, Division of Consumer Services
Edition and licensing notes

Publisher. Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com)

Edition. undated page; retrieved 2026-09-29

Status. Publication of the Florida Department of Financial Services, Division of Consumer Services.

Read the official textPractice questions from this source

What this document is

Florida Department of Financial Services - Flood Insurance Overview (NFIP and private flood, what is covered, 30-day wait, waiting periods, Increased Cost of Compliance, claims) is a reference published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com). It is one of the Florida documents that insurance license exam questions are written from, including florida personal lines, florida 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.

  • Florida Department of Financial Services, Flood Insurance Overview, Private Market Flood Insurance Policies, Preferred Flood Insurance
    “Preferred flood insurance policies issued by the private market must include the same coverage as provided under standard flood insurance but: It must include, within the definition of “flood,” losses from water intrusion originating from outside the structure that are not otherwise covered under...”
  • Florida Department of Financial Services, Flood Insurance Overview, Private Market Flood Insurance Policies, Flexible Flood Insurance
    “Flexible flood insurance must include one or more of the following provisions: An agreement between the insurer and the insured that the flood coverage is in a specified amount, such as coverage that is limited to the total amount of each outstanding mortgage applicable to the covered property. A...”
  • Florida Department of Financial Services, Flood Insurance Overview, Private Market Flood Insurance Policies, Supplemental Flood Insurance
    “Supplemental flood insurance policies issued by the private market may provide coverage designed to supplement a flood policy obtained from the National Flood Insurance Program or from an insurer issuing flood insurance policies described above. Supplemental flood insurance may provide, but need...”
  • Florida Department of Financial Services, Flood Insurance Overview, Flood Insurance Basics
    “Mud slides, (i.e. mud flows) which are proximately caused by flood, as defined above, and are akin to a river of liquid and flowing mud on the surface of normally dry land areas”
  • Florida Department of Financial Services, Flood Insurance Overview, opening paragraph
    “Through the WYO program, the insurance company issues and services the policy, however the NFIP is responsible for paying any claims arising from the policy.”
  • Florida Department of Financial Services, Flood Insurance Overview, Type of Policies: Private Market Flood Insurance Policies (Preferred)
    “Require that any loss under personal property or contents coverage that is repaired or replaced be adjusted based upon replacement cost settlement, up to the policy limits.”
  • Florida Department of Financial Services, Flood Insurance Overview, Claims
    “All policyholders with a flood loss are also required to submit a “Proof of Loss” directly to the flood insurance company”
  • Florida Department of Financial Services, Flood Insurance Overview, What Happens During an Adjuster's Visit
    “A FEMA inspector or flood insurance adjuster will never ask for money, approve or disapprove claims, or tell you whether your flood insurance company will approve your claim.”
  • Florida Department of Financial Services, Flood Insurance Overview, Claims: Claims Dispute Manual
    “Flood claims arising from a NFIP-underwritten policy fall under the jurisdiction of FEMA. Therefore, disputes are not eligible for the Residential Property Mediation Program with the Department of Financial Services. An appeal can be filed with FEMA.”

Practice this material

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Questions about this source

Florida Department of Financial Services - Flood Insurance Overview (NFIP and private flood, what is covered, 30-day wait, waiting periods, Increased Cost of Compliance, claims) is a reference published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com). Edition: undated page; retrieved 2026-09-29.

No. This page summarizes the document and links to the official version. Always rely on the text published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com) for the current law.

Practice questions for Florida Personal Lines, Florida Claims Adjuster cite this document.

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