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#2220052 - 08/20/19 08:30 PM Flood sold in $50k increments only
Burgess Offline
Diamond Poster
Joined: Jan 2004
Posts: 1,621
we have a customer whose insurance agent says NFIP policies are sold in increments of $50k. So for a $153k valued building he will need $200k of flood insurance -

I have never heard this before but before I say nonsense I thought I would check with you all.
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Flood Compliance
#2220054 - 08/20/19 08:43 PM Re: Flood sold in $50k increments only Burgess
TMatt87 Offline
Diamond Poster
TMatt87
Joined: May 2011
Posts: 1,987
Idaho
Time to start looking for a new agent... The FEMA rate tables are broken down in $100 increments and the example policies in the FEMA agent handbooks give various examples that aren't multiples of $50k.
Last edited by TMatt87; 08/20/19 08:58 PM.
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