Solved

As a Result of Frequent Flooding,the Insurance Market Has Noted

Question 188

Multiple Choice

As a result of frequent flooding,the insurance market has noted a positive correlation between flooding and the amount of insurance monies paid out for such floods.Moreover,the probability of such flooding has been increasing.As a result,homeowners in flood plains will find that flood insurance:


A) is easy to acquire and relatively inexpensive.
B) is very costly and relatively difficult to find.
C) premiums have not changed since the insurance continues to offer the same coverage.
D) is relatively expensive but easy to acquire.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents