Under the NFIP standard program, deductibles for residential buildings and contents range from which amounts?

Under the NFIP standard program, deductibles for residential buildings and contents range from which amounts?

• A. $1,000 - $5,000
• B. $0 - $1,000
• C. $5,000 - $10,000
• D. $250 - $1,000

Answer: (A)

Deductibles in flood insurance are the out-of-pocket amount you must pay before the policy pays. For residential NFIP standard program policies, you can choose deductible amounts for both the building and the contents from a fixed set of options. Those options range from $1,000 up to $5,000. Picking a higher deductible lowers the premium, while a lower deductible raises it. Zero deductible isn’t offered in the standard program, and deductibles above $5,000 aren’t part of the standard options.

Deductibles in flood insurance are the out-of-pocket amount you must pay before the policy pays. For residential NFIP standard program policies, you can choose deductible amounts for both the building and the contents from a fixed set of options. Those options range from $1,000 up to $5,000. Picking a higher deductible lowers the premium, while a lower deductible raises it. Zero deductible isn’t offered in the standard program, and deductibles above $5,000 aren’t part of the standard options.