The National Flood Insurance Program will pay which of the following amounts to assist with moving property to safety when there is imminent flood danger?

The National Flood Insurance Program may reimburse policyholders up to $1,000 for expenses incurred while moving property to safety to avoid flood damage, which is different from the deposit insurance provided by FDIC.

Explanation:

The National Flood Insurance Program (NFIP) is a program that, unlike the Federal Deposit Insurance Corporation (FDIC) which provides deposit insurance to bank depositors, assists policyholders in the event of a flood. The NFIP includes a coverage option known as Increased Cost of Compliance (ICC) which may cover costs up to $30,000 to help policyholders comply with state or local floodplain management laws or ordinances.

However, this question appears to be asking about assistance in moving property to safety, which is called Loss Avoidance Measures (LAMs). The NFIP reimburses policyholders for expenses incurred to protect insured property from a flood event through LAMs such as sandbagging or moving contents to a safe location. The specific amount that the NFIP will pay for such preventative measures is limited to $1,000, with no deductible required.