One loan 400,000. Two Commercial properties in flood zone with improved values at 300,000. How much is requied? I say 600k, but our loan dpt says 400k. When I read the NFIP program guide it does not say per building on the insurance requirements, but I am sure that is what is meant.

It is not required to have insurance in excess of the loan amount. You should require $400,000 and you must have insurance on each building.

Well I will chalk that one up to learning something new everyday. I am glad I checked.