Flood
Insurance Questions and Answers
Q:
What are the coverage limits
of a standard flood policy?
A:
The maximum coverage on a standard flood policy is:
Single-family home structure
$250,000
Single-family
home contents
$100,000
Business
structure
$500,000
Business
contents
$500,000
Renter
contents
$100,000
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Q:
When is buying flood insurance required by law?
A:
If you have a federally backed mortgage on a home located in a
high-risk zone, federal law requires you to purchase flood insurance
to secure a loan.
Also, if you’ve received a federal grant for previous flood
losses, you must have a flood policy to qualify for future aid.
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