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•f <br />1 <br />' * <br />■i'- <br />• » %_ <br />i' <br />' * <br />>. ■ <br />9^4 <br />r <br />•w <br />■. <br />- ^ - <br />19* Q« Vho may purchaso a riood Inauranoe policy? <br />A.Any property owner whoae building is located in a conanunity <br />that has been ^proved for the sale of flood insurance <br />under the progran. The owi'^rs or tenants of such structures <br />may also purchase contents coverage. <br />20. Q. How does one obtain a flood insurance policy? <br />A.AftsT a conanunity Qualifies for the sale of flood insurance• <br />flood insurance policies may be purchased from any <br />property and casualty insurance agent or broker licensed <br />to do business %rithin the State. <br />21, Q. Is there a minimum premiiam for flood insurance policies? <br />A. Yes. $25 <br />22. Q. Do flood insurance policies contain a deductible clause <br />and if so how much is it? <br />A.Yes. $200 or of the loss, idiichever is greater. Ihe' <br />deductible is applicable independently to structure and <br />contents coverage. <br />23. Q.Does insurance under the program provide coverage at Ihll <br />replacement cost? <br />A.YeSf but replacement cost is only available for single <br />family dwellings %diich are insured for 0096 of the structure's <br />replacement cost at the time of loss or the maximum amount <br />of insurance available under the program • >diiohever is <br />less. In all other cases, adjustment of losses will be <br />based on the actual cash value of the insurable item at the <br />time of loss. <br />2l|. Q. Vhat structures are eligible for flood insurance coverage? <br />A.Virtually every type of walled and roofed building, <br />other than a gas or liquid storage tank, that is principally <br />above ground and affixed to a permanent site. <br />25. Q. What types of losses are covered? <br />A.Direct flood and flood-related losses, including mudslide, <br />i.e., mudflov^ and flood-related erosion losses, are <br />covered. This would include losses from river and stream <br />flooding, coastal flooding, flooding along the shores <br />of lakes and flood-related erosion in such areas as a <br />result of storm activity. <br />- more - <br />• • <br />4 <br />' f <br />aw I irm