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#1778230 - 01/18/13 10:02 PM Flood insurance on Commercial structure
hines Offline
New Poster
Joined: Apr 2011
Posts: 7
Mississippi
Can a customer be required to purchase more flood insurance than the maximum amount of $500,000 available thru NFIP on a commercial structure if the loan amount exceeds $500,000?

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Flood Compliance
#1778239 - 01/18/13 10:20 PM Re: Flood insurance on Commercial structure hines
ComplianceNerd Offline
Gold Star
Joined: Nov 2011
Posts: 378
Texas ...
No, I don't believe they can be "required" to do such.
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#1778266 - 01/18/13 11:04 PM Re: Flood insurance on Commercial structure hines
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Yes they can - see the duplicate post at the bottom of this thread:

http://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=1776353#Post1776353
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