Technically speaking, an official “flood zone” is a term and designation that has been determined by the Federal Emergency Management Agency (FEMA). According to industry experts, a “flood zone” is two acres or more of land that’s typically dry but can be covered by water or mud caused by a hurricane, ponding from rain or water surges from nearby sources.
According to BuildingInCalifornia.com, there are also Special Flood Hazard Area (SFHA) zones that typically carry a 25 percent chance of flooding during the average duration of a 30-year mortgage. Further, the website notes that those wishing to build in a SFHA zone are required to have flood insurance through the National Flood Insurance Program. What’s more, the industry website goes onto say that FEMA has been updating its Flood Insurance Rate Maps and that means that homeowners “who have had flood insurance may suddenly receive notification from their lenders that they must buy flood insurance.” However, this is open for debate and homeowners can contest the requirement and pay for the cost of a property elevation survey.
If this all sounds fairly technical and overwhelming, don’t fret. This is the type of roll-up-your-sleeves work that Insurance Schools Inc does to ensure that the course materials it offers to students who enroll is as up-to-date as possible. This company offers extensive preparation courses so that those enrolled have a better chance at passing the state-level certification exam. Those who opt to take this route will typically have six months to complete the course work to prepare for state exams For example, Insurance Schools Inc offers state-specific agent and adjuster package exam simulators alongside individual courses. Those looking to become a property insurance adjuster in California, which has suffered monumental damage due to natural disasters in 2017, could tackle an individual flood insurance prep program.
Returning to the FEMA guidelines and industry standards, the flood insurance program from Insurance Schools Inc will cover the “essentials” of flood insurance based on FEMA standards. From there, those who opt for this course will learn who needs flood insurance, how to read flood maps, the background of the National Flood Insurance Program and claims handling under the Flood Insurance Reform Act of 2004. With such a treasure trove of data available, it’s easy to see why those who are utterly committed to becoming a property insurance agent will take on additional informative courses on their path toward being hired by a local insurance company.