If You Borrow Money to Purchase a Home in a Floodplain

Multiple Choice

If you borrow money to purchase a home in a floodplain:

A) your regular homeowners insurance policy covers floods.
B) you must purchase separate flood insurance.
C) you must build a retaining wall to keep out the flood waters.
D) you may obtain a waiver from FEMA and therefore be exempt from needing insurance against flooding.