Answer key to IS 1102 Theory of Elevation Rating. The Theory of Elevation Rating you will learn how to identify the Lowest Floor Elevation (LFE) for buildings in A Zones and V Zones, find key items on the Elevation Certificate (EC) that will help you calculate the Elevation Difference, and use the rate tables in the National Flood Insurance Program (NFIP) Flood Insurance Manual to calculate rates. Contains correct FEMA IS 1102 answers. You may also be interested in our FEMA IS 1101 Answer Key, FEMA IS 1103 Answer Key, or FEMA IS 1105 Answer Key.
Course Date
8/17/2015
Course Overview
This course is to guide insurance professionals, particularly agents, through the steps to properly determine the Lowest Floor Elevation for Post-FIRM Buildings in A or V zones as shown on the FEMA Elevation Certificate. Due to BW-12 legislation and HFIAA-14, elevation certificates play a more crucial role in determining a policyholder’s premium rate.
Course Objectives:
- Determine when an Elevation Certificate is necessary to properly rate a flood insurance policy
- Describe the characteristics of, and differences between an A Zone and a V Zone
- List the steps for accurately identifying the lowest floor in a building for rating purposes using the Elevation Certificate
- Follow the basic steps for elevation rating
- Determine when a building should be considered a “submit for rate”
- Determine the lowest floor for rating for several types of non-elevated buildings using Elevation Certificate Building Diagrams 1 through 4
- Determine the lowest floor for rating for several types of elevated buildings using Elevation Certificate Building Diagrams 5 through 9
- Explain how rating in V Zones is different that rating in A Zones
- Describe the NFIP requirements for proper flood openings and how proper flood openings affect rating
- Describe how insect screening, lattice, or slats affect insurance rates
- Describe how machinery and equipment affect insurance rates
- Describe options for reducing NFIP Flood Insurance premiums
- Locate online resources related to elevation ratings
Primary Audience
Property and casualty insurance agents.
Prerequisites
Recommended Prerequisites
IS-1101, Basic Agent Tutorial and IS-1105, EC made EZ are the recommended prerequisite courses.