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Saturday, May 17, 2008

Flood

1.) "Act" as it pertains to the Flood Policy refers to:
A. National Flood Insurance Act of 1974	B. National Flood Insurance Act of 1987	C. National Flood Insurance Act of 1968
2.) Base Flood, means?
A. The level of flood water in the Basement	B. A flood having a one percent chance of being equaled or exceeded in any given year.	C. The level of the flood the first time it touched a building	D. A flood having a ten percent chance of being equaled or exceeded in any given year.
3.) The special limits for glassware in the General Property Policy is:
A. $500.00	B. $750.00	C. $250.00	D. None of the above
4.) Non-excluded structures in the Emergency Program are eligible for ICC coverage.
A. True	B. False
5.) The ICC deductible is:
A. $250.00	B. $750.00	C. $500.00	D. It Depends on the Coverage A Limits	E. No Separate Deductible
6.) I bought flood insurance for my home last year. I have never flooded but would like to elevate my home, can I use ICC coverage for this?
A. Yes up to $15,000.00	B. No
7.) Because of the flood I had to move into a hotel, is my hotel bill covered by my flood insurance.
A. Yes	B. No
8.) We had a flood in my area and the flood waters covered driveway but did not enter my home. About 24 hours later we had a sewer backup that caused damage to my home. Do I have coverage?
A. Yes	B. No	C. Maybe