Question

Coverage under flood policies take effect only after a 30 day waiting period except

A) When the flood is caused by a natural disaster
B) When the property is located in a high-risk flood zone
C) When the policyholder pays an additional premium
D) When the flood is a result of a federal disaster declaration

Answer 1

Flood policies usually have a 30-day waiting period, but there are exceptions that allow coverage to start immediately.

Step-by-step explanation:

Flood policies usually have a 30-day waiting period before coverage takes effect, except in certain cases. Some exceptions include when the flood is caused by a natural disaster, when the property is located in a high-risk flood zone, when the policyholder pays an additional premium, or when the flood is a result of a federal disaster declaration. Under these circumstances, coverage can start immediately without the waiting period.