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What is most likely to happen to Maggie? Check all that apply. Her insurance company will eventually pay the damages. She may have to pay thousands of dollars to repair and replace her possessions. She will convince the insurance company that she has flood coverage. She may lose her home. She may go into debt.

Sagot :

The correct options are B. Maggie may have to pay thousands of dollars to repair and replace her possessions, D. Maggie may lose her home E. Maggie may go into debt.

The missing words states "Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repairing the hot water heater, which had corroded in places. The agent was polite. He had been getting hundreds of similar calls. . . . "Ma'am, I'm sorry, but according to our records, you do not have flood insurance protections in your policy."

  • Let understand that every Insurance policy have its limit of coverage. For instance, a Motor insurance policy can not pay compensation on damage caused to the owner's buildings by Fire Peril.

  • It is important to know that if the Home policy does cover the Flood peril, Maggie will be entitled for full compensation on damage caused by the Flood Peril.

  • Based on the response of the Insurance Agent who have vast knowledge about the policy, then, we are quite sure the Home Policy does not have Flood coverage.

In conclusion, she will likely need to pay thousands of dollars to repair and replace her possessions which might result to debt or losing her home if she does nothing.

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