What are the four sections of the Flood Policy?

The correct understanding of the four sections of a Flood Policy focuses on specific categories that provide coverage for different aspects of flood loss. The sections include Dwelling, which covers the physical structure of a home; Contents, which pertains to personal belongings within the dwelling; Debris Removal, which allows for the costs associated with clearing debris after a flood event; and ICC, or Increased Cost of Compliance, which addresses the expenses incurred to bring a property up to current building codes following flood damage.

This framework ensures comprehensive coverage in the event of flooding, emphasizing the protection for the physical structure as well as the personal property of the insured. Each section is designed to cater to specific needs that arise after a water-related disaster, highlighting the importance of thorough insurance in flood-prone areas.

The other options reflect elements that may arise in broader insurance contexts but do not accurately represent the primary components explicitly defined within the Flood Policy. For instance, terms like Loss of Use and Liability pertain to other types of coverage that are not specifically delineated as part of the Flood Policy structure. Understanding these terms is pivotal when navigating insurance policies that relate to flood damage.