Question

    What is coverage for flood damage is available from the

    federal government under the National Flood Insurance Program but is sold by licensed insurance agents?
    A Flood Insurance Correct Answer Incorrect Answer
    B Commercial Insurance Correct Answer Incorrect Answer
    C Industrial Insurance Correct Answer Incorrect Answer
    D Liability Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Flood insurance is a type of property insurance that covers a dwelling for losses sustained by water damage, as it specifically relates to flooding. A separate coverage rider is needed to cover sewer backup, if the backup was not caused by the rising floodwaters.

    Practice Next