Flood insurance provides an alternative to disaster assistance after a catastrophic event and helps claimants to meet the escalating cost of repairing damage to buildings and their contents. Review the structure of this federal program, how flood coverage interacts with other coverages and how losses are allocated in the case of concurrent causes of loss. Review how the water versus wind issue was addressed by the Florida Supreme Court in the Mierzwa v FWUA decision and how the court overturned this ruling when they issued their decision in Florida Farm Bureau v Cox. Examine the revisions to Florida's Valued Policy Law ("VPL") and the impact of these revisions on constructive total losses.

Class highlights include:

• The Role of FEMA


• How Deductibles Apply


• Statutory Coverage Limits


• Loss Settlement Provisions


• Requirements of the Flood Insurance Reform Act of 2004


• Increased Cost of Compliance Coverage


• Damages and Property Not Covered


• Claims Handling Procedures


• Other Issues Affecting Flood Coverage


• Approved for 5 Hours of Elective Continuing Education