In the current FEMA Insurance Manual it states this....
Maximum Coverage
Limits
Building: The lesser of the following:
• Building’s replacement cost; or
• Total number of units × $250,000.
In the FEMA Final Rule issued on 7/20/20 it only references this in a table on page 13
TABLE 1 TO PARAGRAPH (a)—MAXIMUM AMOUNTS OF COVERAGE AVAILABLE 1
Single-Family Dwelling ................................................................ * $35,000 $250,000.
Two-to-Four Family Building ....................................................... * 35,000 $250,000.
Other Residential Building (including Multifamily Building) ........ ** 100,000 $500,000.
Residential Condominium Building ............................................. N/A $250,000 times the number of units in the building.
Non-Residential Building ............................................................. ** 100,000 $500,000.
It doesn't mention the OR replacement cost....
I just wondered if they were omitting that or if it's an oversight....