Question

According to our records, you do not have flood insurance protections in your policy. We do offer flood insurance as an add-on to basic homeowner’s, but at an additional cost." What are the most likely options for Maggie in the future? Check all that apply.

a. Find a new job that will pay a better income.
b. Find out how much flood insurance costs.
c. Learn what would be covered by flood insurance.
d. Look into buying a new house and brand-new furniture.
e. Decide if the flood insurance costs will benefit her in the future.

Answer 1

Maggie has three main options to consider regarding flood insurance: finding out the cost, learning what is covered, and deciding on the value it may have for her future.

Step-by-step explanation:

When Maggie receives a notice that she does not have flood insurance protections in her policy, she has several options to consider for her financial security:

Given the prevalence of risks such as health emergencies, car problems, and natural disasters like floods, it is crucial to evaluate the potential benefits that insurance coverage, including flood insurance, offers in the face of unforeseen circumstances. Assessing the cost versus the coverage can help Maggie understand how it fits into her household budget and secure her financial well-being.

Answer 2

The options that suggest proactive steps for Maggie to consider regarding flood insurance are: b. Find out how much flood insurance costs. c. Learn what would be covered by flood insurance. e. Decide if the flood insurance costs will benefit her in the future.

Maggie's future options involve exploring flood insurance to enhance her homeowner's policy. She should investigate the costs associated with flood insurance and gain a comprehensive understanding of its coverage.

This proactive approach enables her to make informed decisions regarding the potential benefits and align the additional expense with her priorities. It's crucial for Maggie to assess whether flood insurance aligns with her needs and offers protection against potential risks.

While considering a new job or house purchase may be options, the immediate focus should be on understanding and evaluating the benefits of adding flood insurance to her existing policy.

Options B, C and E will be the best approach.

The complete question is:

"Ma'am, I'm sorry, but according to our records, you do not have flood insurance protections in your policy. We do offer flood insurance as an add-on to basic homeowner’s, but at an additional cost."

What should Maggie do? Check all that apply.

a. Find a new job that will pay a better income.

b. Find out how much flood insurance costs.

c. Learn what would be covered by flood insurance.

d. Look into buying a new house and brand-new furniture.

e. Decide if the flood insurance costs will benefit her in the future.