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#1362311 - 03/23/10 03:03 PM Flood coverage question
Ninky Offline
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Ninky
Joined: Nov 2002
Posts: 357
What are we supposed to use for insurable value on an interim construction loan to an individual? Builders risk policies do not provide a specific amount that can be identified for RCV. By proxy, do we resort to the appraised value, which we are not supposed to use anymore?

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#1362320 - 03/23/10 03:08 PM Re: Flood coverage question Ninky
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,618
Galveston, TX
What would the replacement cost of a brand new house be?? How about try using your construction costs??
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