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Who may cancel an insurance policy?


A) The insurance company or the insured party
B) Only the insurance company
C) Only the insured party
D) No one, because it is a contract with a written term

E) None of the above
F) C) and D)

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If you borrow money to purchase a home in a floodplain:


A) your regular homeowners insurance policy covers floods.
B) you must purchase separate flood insurance.
C) you must build a retaining wall to keep out the flood waters.
D) you may obtain a waiver from FEMA and therefore be exempt from needing insurance against flooding.

E) None of the above
F) A) and C)

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