Maximum available flood insurance structure coverage for a residential property from the National Flood Insurance Program is what amount?

Maximum available flood insurance structure coverage for a residential property from the National Flood Insurance Program is what amount?
A . £250,000
B . £500,000
C . $750,000
D . $1,000,000

View Answer

Answer: A

Explanation:

The maximum available flood insurance structure coverage for a residential property under the National Flood Insurance Program (NFIP) is £250,000. The NFIP is a federal program that provides flood insurance to property owners in participating communities.

The £250,000 limit applies specifically to residential property structures. For contents coverage, the maximum is $100,000.

Higher coverage limits, such as $500,000 or $1,000,000, may be available through private insurers, but the NFIP itself caps coverage at $250,000 for structures.

References:

National Flood Insurance Program (NFIP)

FEMA Flood Insurance Manual