Which of the following statements about coverage under the federal flood insurance program is (are)true?
I.Subsidized coverage is available for contents,but not for dwellings.
II.A $10,000 deductible applies to each loss.

Question

Quizplus · Accepted Answer

Both statements about the federal flood insurance program are incorrect. Subsidized coverage is available for both contents and dwellings in certain situations, not just for contents. Additionally, the standard deductible for flood insurance is not $10,000; it is typically lower, with options for policyholders to choose different deductible amounts.

Which of the Following Statements About Coverage Under the Federal