Georgia Property & Casualty Practice Exam

Which coverage form is NOT included in a standard flood insurance policy?

1. Loss of use form

2. Dwelling form

3. General property form

4. Residential condominium building association policy form

The correct answer is: Loss of use form

The loss of use form is not included in a standard flood insurance policy because flood insurance specifically focuses on providing coverage for physical damage to buildings and personal property caused by flooding. The standard policies, such as the dwelling form, general property form, and residential condominium building association policy, cover damage to the structures and contents of buildings due to floods. Loss of use coverage typically relates to other types of insurance, such as homeowners or renters insurance, where it compensates policyholders for additional living expenses when their property becomes uninhabitable due to a covered peril. In the context of flood insurance, this type of coverage is generally not provided, as flood insurance is primarily intended to address direct damage from flooding rather than the resulting implications on living situations.