Skip to content
BOL Conferences
Thread Options
#2004421 - 03/26/15 07:44 PM FLOOD INSURANCE ON MINI STORAGE UNITS
LOVEFLOOD Offline
New Poster
LOVEFLOOD
Joined: Sep 2014
Posts: 12
We have Mini Storage Units as collateral on a loan. There are 3 units, built on the same slab, not individual slabs. the surveyor gave us only 1 elevation certificate on these units. I'm thinking 1 flood insurance policy because there is only 1 slab...very large foundation slab. Please agree!!!!

Return to Top
Flood Compliance
#2004647 - 03/27/15 04:34 PM Re: FLOOD INSURANCE ON MINI STORAGE UNITS LOVEFLOOD
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
3 individual buildings on the same parcel are 3 separate buildings.

3 individual storage units on the same large concrete slab (parcel if you will) are 3 separate storage units.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top