Louis and Pearl live in a one-story single-family dwelling located in a floodprone area. The home is valued at $125,000, and the contents are valued at $40,000. The community in which this dwelling is located is currently eligible under the National Flood Insurance Programs (NFIPs) emergency program.
Louis notices in his local newspaper that the community will soon be eligible under NFIPs regular program.
a. What amounts of coverage are available for this dwelling under the emergency program?
b. If the community qualifies for the regular program, will additional coverage be available for this dwelling?
Rubric: 50 points total. 25 points for part A. 25 points for part B.

Louis and Pearl live in a one-story single-family dwelling locefied in a fleedregne area. The home is valued at $125,000, and the contents are valued at $40,000. The community in which this dwelling is located is currently eligible under the National Flood Insurance Program's (NFIP's) emergency program. Louis notices in his local newspaper that the community will soon be eligible under NFIP's regular program a. What amounts of coverage are available for this dwelling under the emergency program? b. If the community qualifies for the regular program, will additional coverage be available for this dwelling