WorksheetsFlood Insurance
Total questions: 10
Worksheet time: 10mins
What does flood insurance cover? (Choose 2)
Building properties
Personal properties
Bursted pipes
swimming pools, trees, fences
What is flood insurance?
Insurance that pays out a sum of money either on the death of the insured person or after a set period.
A contract between you and the insurance company that protects you against financial loss in the event of an accident or theft
type of property insurance that covers a dwelling for losses sustained by water damage, as it specifically relates to flooding
A form of property insurance that covers losses and damages to an individual's house and to assets in the home.
What does flood insurance cover?
The loss of most property in a flood
The loss of a home
Damage caused by moisture, mildew, or mold
Who needs flood insurance?
People who live in Michigan
People who live in new york
People who live in a moderate - low risk zone
People who live in a high-risk zone called a Special Flood Hazard Area
Which two factors impact the coverage cost?
Medical expenses & policy coverage
Family liability & retirement discount
How much coverage you buy & what the policy covers
How much is the base pay of flood insurance?
$700
$2000
$300
$2500
Who is legally mandated to require flood insurance?
You
Lender
Bank
Your dependent
What options do you have with flood insurance?
burst pipes
trees, fences, & swimming pools
Building Property coverage the physical structure of your home
Personal Property coverage for the items inside your home
Which of the following does flood insurance cover? (Multiple Answers (3))
Cost to rebuild the home
Furniture
electrical/plumbing systems
Cars
Trees/Plants
What is a flood
Rain water
Lava
A swampy area
An excess amount of water in a usually dry area
