Which of the following properties is eligible under NFIP General Property Form when seeking building and contents coverage?

Which of the following properties is eligible under NFIP General Property Form when seeking building and contents coverage?

• A. A single-family home with 1 unit
• B. An apartment building with 6+ units
• C. A 3-unit residential building
• D. A farm silo

Answer: (B)

NFIP General Property Form coverage is intended for buildings that aren’t insured under the standard dwelling policy, typically larger multi-unit residential buildings or certain non-residential properties. It does not cover small residential structures and it excludes farm-related structures. A single-family home is usually covered under the dwelling policy rather than the General Property Form. A 3-unit residential building is also commonly insured under the dwelling policy. A farm silo is a farm structure and NFIP generally excludes farm buildings from this form. An apartment building with six or more units fits the GP Form’s target: a larger multi-unit property that falls outside the small-residential category, making it eligible for building and contents coverage under the General Property Form.

NFIP General Property Form coverage is intended for buildings that aren’t insured under the standard dwelling policy, typically larger multi-unit residential buildings or certain non-residential properties. It does not cover small residential structures and it excludes farm-related structures.

A single-family home is usually covered under the dwelling policy rather than the General Property Form. A 3-unit residential building is also commonly insured under the dwelling policy. A farm silo is a farm structure and NFIP generally excludes farm buildings from this form.

An apartment building with six or more units fits the GP Form’s target: a larger multi-unit property that falls outside the small-residential category, making it eligible for building and contents coverage under the General Property Form.