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#1199688 - 06/11/09 04:15 PM Grandfathered policy - force placement zone?
Ninky Offline
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Ninky
Joined: Nov 2002
Posts: 357
If we have to force place a policy on a property that has been covered by a grandfathered zone throughout the life of our loan, don't we have force place for the current/accurate flood determination zone, since there has been a lapse in their grandfathered coverage?

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#1199762 - 06/11/09 05:08 PM Re: Grandfathered policy - force placement zone? Ninky
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
Yes.
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#1199764 - 06/11/09 05:09 PM Re: Grandfathered policy - force placement zone? rlcarey
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
Somebody needs to contact these people and tell them if they fail to renew the grandfathered policy prior to the expiration of the 30 day grace period, it really could cost them big time.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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