National Flood Insurance Maps Home Insurance? Which Is True?
Home insurance? Which is true? - national flood insurance maps
R. If you are not in a position to the cost of insurance to the mortgage company, follow (sometimes three times) and set pay, or can give them.
B. If a flood is declared a "national catastrophe" insurance against floods for all in the floodplain, based on national "Floodplain" cards for damages that are paid out.
C. All policies of fire insurance, each person pays for your house was on the way there before the fire, the building fire insurance again.
D. Burgler alarms can be a good idea, but have nothing to do with insurance.
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3 comments:
A.
Often described as "forced coverage".
You buy a car insurance to do the same. However, forced to cover protects only the mortgage interest in real estate business. If the damage occurs, not pays his property or property interest. Only the mortgage lender will pay your loan. And it is very expensive. Much more expensive than you think your insurance coverage.
B. False - the cost for disposal of flood damage ... You must have a policy to combat the floods. All flood policies issued through the NFIP. And all measures against floods have a waiting period of 30 days before they take effect. .... That means he can not be before the storm off the coast waiting for a policy.
c. Wrong. Policy can not pay more than the limit, too. So if it costs more to your new house as its limits .... the limit is the maximum amount to be paid. Moreover, "the policy of fire" are usually acutal cash value is defined disapproval.
D: Incorrect. Many insurance companies will be meAU discount for an installed system / alarm monitiered. A note added to their policies for the alarm system.
A is true, with the exception of the exclusion (at least not directly) if you do not pay the increased payment defaults possible foreclosure.
B is incorrect, you have to cover insurance against floods.
C. is wrong is your insurance company to pay only up to the limits in your policy, so make sure you properly insured.
D. This is the case, most insurance companies offer a discount for an alarm Buergler, but is usually very low and not reduced to the cost of services.
B, C and D are all wrong, I'm sure. A. This can be .. but I'm not sure if it's true.
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