Jerry built a home in a flood plain.He did not purchase flood insurance.Recently,a noted meteorologist predicted torrential rains for the area for the next 7 days.Jerry attempted to purchase flood insurance through the National Flood Insurance Program.Which flood insurance provision is likely to block Jerry's efforts to obtain coverage for protection against the predicted torrential rain?

Question

Quizplus · Accepted Answer

The waiting period provision in flood insurance policies typically requires a policy to be in force for a certain period of time before coverage for a flood event becomes effective. Therefore, since Jerry is attempting to obtain coverage during a predicted flood event, the waiting period provision is likely to block his efforts to obtain coverage.

Jerry Built a Home in a Flood Plain