When would Johanna's National Flood Insurance policy coverage be effective if she purchased it 10 days after her community entered an emergency program?

The effective date of Johanna's National Flood Insurance policy coverage is dependent on the timing of her application and the payment of the premium. In this scenario, since she purchased the policy 10 days after her community entered the emergency program, the coverage becomes effective at 12:01 am the day after the application and premium payment are mailed. This standard provision is in place to prevent individuals from buying flood insurance after a flood event has occurred, which could lead to adverse selection where only those likely to experience a loss would be inclined to purchase coverage.

The requirement ensures that there is a waiting period for policy effectiveness, promoting the sustainable operation of the flood insurance system. Consequently, by adhering to this provision, Johanna’s coverage aligns with the necessary protocols of the National Flood Insurance Program.