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Flood Insurance Flashcards | StudBud
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Flood Insurance
Flood Insurance
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Questions
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Answers
1
How much does flood insurance cost a year?
$400
$500
$700
$600
2
Who needs Flood Insurance?
People who live in California
people who live in New York City
People who live in a moderate-low risk zone
People who live in a high risk zone called a special flood hazard area
3
flood insurance is free....for everyone
False
True
4
What is flood insurance?
money that you get if you have a flood.
Money you receive from the goverment.
damage floods cause.
A policy that covers losses from flooding.
5
FEMA regulates flood policies.
True
False
6
What does FEMA stand for?
Federal Extra Management Agency
Federal Emergency Management Agency
Federal Emergency Manufacturing Agency
7
What options do you have with flood insurance?
personal property coverage for the items inside your home
Building property coverage the physical structure of your home.
trees, fences, & swimming pools.
bursted pipes
8
Flood damage is covered by homeowners insurance.
True
False
9
Floods are the number one natural disaster in the US
False
True