Yes, 40k is the first lien- I am sorry I did not specify that-
We were covered at the beginning because the flood policy on the business alone was $212,400.
What about years later: the balance on the home- 1st lien- $36,982- with flood coverage of $39,600
the business loan balance is $54,929- flood coverage on business is $100,000.
Are we ok? Would I add the balance of the 1st lien to the balance of the business loan = what I need for flood coverage?
Thanks so much.