maggie called her insurance agent after estimating the damages. she had already spent $2,000 on pumping out…

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... \maam, im sorry, but according to our records, you do not have flood insurance protections in your policy.\ 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.

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... \maam, im sorry, but according to our records, you do not have flood insurance protections in your policy.\ 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.

Answer

Brief Explanations:

Since Maggie doesn't have flood insurance protection, her insurance company won't pay for the damages. She has already spent money on repairs and without insurance coverage, she may have to spend more to repair and replace possessions, potentially going into debt and even risking losing her home if she can't afford the costs. She won't be able to convince the company she has flood coverage as records show she doesn't.

Answer:

She may have to pay thousands of dollars to repair and replace her possessions. She may lose her home. She may go into debt.