When it comes to flood insurance coverage, you have to look at the “lesser” of three things…the loan balance, the insurable value, and the maximum available through the National Flood Insurance Program. While the loan amount and the NFIP limits are pretty easy to come up with, determining the insurable value can be troublesome. This is because there isn’t just one way to determine insurable value.
Listen to the video as Dave walks you through some of the confusion.
This is just one of many flood insurance topics that we will cover in our two-part Flood Insurance webinar series on March 19th & March 26th. We will walk you through flood insurance from A to Z in plain English and help demystify these complicated requirements. See you then!