Which of the following is NOT one of NFIP's standard coverage forms?

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Multiple Choice

Which of the following is NOT one of NFIP's standard coverage forms?

Explanation:
NFIP’s standard coverage forms are set up to insure different types of property under one program. The forms you’ll commonly use are for a 1–4 family dwelling, for nonresidential (commercial) buildings, and for Residential Condominium Building Association Policies. The form described as Commercial Property isn’t part of NFIP’s standard set. In NFIP, commercial flood coverage is provided under the General Property Form rather than a separate Commercial Property form. That’s why the option referencing a Commercial Property form isn’t a standard NFIP form.

NFIP’s standard coverage forms are set up to insure different types of property under one program. The forms you’ll commonly use are for a 1–4 family dwelling, for nonresidential (commercial) buildings, and for Residential Condominium Building Association Policies. The form described as Commercial Property isn’t part of NFIP’s standard set. In NFIP, commercial flood coverage is provided under the General Property Form rather than a separate Commercial Property form. That’s why the option referencing a Commercial Property form isn’t a standard NFIP form.

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