Certified Floodplain Manager (CFM) Practice Exam 2026 – Complete Preparation Guide

Question: 1 / 400

What defines an 'Insurable' Building?

A building with at least 51% of its actual cash value above ground

An 'Insurable' building refers to a building that can be insured against potential risks, such as damage caused by natural disasters or accidents. Option B, a building entirely underground, is not a viable option for insurance due to the difficulty in assessing the risk and potential damage. Option C, a building without rigid walls and roof, would not qualify as an insurable building as it lacks the necessary structure to protect against potential damages. Option D, a structure located primarily in water, would also not be considered an insurable building as it is vulnerable to water damage which is excluded from most insurance coverage. Therefore, option A, a building with at least 51% of its actual cash value above ground, is the correct answer as it meets the criteria for being insurable.

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A building entirely underground

A building without rigid walls and roof

A structure located primarily in water

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