Which of these statements about the Standard Flood Insurance Policy is FALSE?

Prepare for the New York Independent General Adjuster Exam. Practice with flashcards and multiple choice questions, each question offers hints and explanations. Excel on your exam!

The statement that Coverage C covers Attached Additions is incorrect. In the context of the Standard Flood Insurance Policy, Coverage C is actually designated for personal property that is not attached to the structure. This includes items like furniture, electronics, and other personal belongings inside the insured building.

Meanwhile, Coverage A provides insurance for the dwelling itself, which includes the structure and its foundation, while Coverage B is specifically for personal property both inside and outside the dwelling. Coverage D refers to Increased Cost of Compliance, which applies to costs incurred when a property must be brought to comply with floodplain management laws after a flood loss.

In summary, the understanding of the correct coverage designations within the Standard Flood Insurance Policy is crucial for evaluating flood insurance needs and ensuring proper coverage levels for different types of property and structural components.

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