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#2163671 - 02/08/18 05:52 PM Multiple properties with one property
Lisa Treat Offline
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Joined: Dec 2017
Posts: 1
We have one mortgage loan, with 2 properties taken as collateral in a flood zone. We have a loan balance $110,069.78. Are we allowed to combine the 2 separate policies together when trying to determine if we have enough coverage? Or do we view them separately to determine the coverage? If we view them together we have enough coverage, but if we view them separately we are short coverage.

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Flood Compliance
#2163717 - 02/08/18 07:26 PM Re: Multiple properties with one property Lisa Treat
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
You can add them together.
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