Personal Lines Everything Study Guide Rated A+

How does a community qualify for the Regular Flood insurance program? {Ans: the community must implement the requirements that they submitted when the community became eligible for the Emergency Flood Insurance Program. Property coverage limits are higher in the Regular Flood Insurance Program than in the Emergency Flood Insurance Program.}The insurer will pay up to $______ for the insured's share of loss assessment charged during the policy period against the insured as owner or tenant of the "residence premises" by a corporation or association of property owners. {Ans: $1,000}Personal Auto Policy (PAP) Part D Salvage Charges: In addition, the insurer will pay general average and salvage charges that the insured or any of the insured's FAMILY MEMBERS are legally responsible for in transporting an auto. True or False. {Ans: True}Personal Auto Policy (PAP) Part D Transportation Expense (Theft): The insurer will pay, without application of a deductible, up to $___per day to a maximum of $____for Transportation expenses and Loss of use expenses. {Ans: -$15 -$450}The North Carolina Motor Vehicle Reinsurance Facility (AKA, "The Facility") was created to provide auto insurance for individuals who would not be able to obtain coverage through the standard market. This