Chapter 6: Exploring Residential Coverage Plans Louis and Pearl live in a one-story single-family dwelling located in a flood prone area. The home is valued at $125,000, and the contents are valued at $40,000, The community in which this dwelling is located is currently eligible under the National Flood Insurance Program's (NFIP's) emergency program. Louis notices in his local newspaper that the community will soon be eligible under NFIP's regular program. a. What amounts of coverage are available for this dwelling under the emergency program? b. If the community qualifies for the regular program, will additional coverage be available for this dwelling?

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Chapter 6: Exploring Residential Coverage Plans
Louis and Pearl live in a one-story single-family dwelling located in a flood prone area. The
home is valued at $125,000, and the contents are valued at $40,000. The community in which
this dwelling is located is currently eligible under the National Flood Insurance Program's
(NFIP's) emergency program.
Louis notices in his local newspaper that the community will soon be eligible under NFIP's
regular program.
a. What amounts of coverage are available for this dwelling under the emergency program?
b. If the community qualifies for the regular program, will additional coverage be available for
this dwelling?
Transcribed Image Text:Chapter 6: Exploring Residential Coverage Plans Louis and Pearl live in a one-story single-family dwelling located in a flood prone area. The home is valued at $125,000, and the contents are valued at $40,000. The community in which this dwelling is located is currently eligible under the National Flood Insurance Program's (NFIP's) emergency program. Louis notices in his local newspaper that the community will soon be eligible under NFIP's regular program. a. What amounts of coverage are available for this dwelling under the emergency program? b. If the community qualifies for the regular program, will additional coverage be available for this dwelling?
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