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#2252368 - 04/14/21 07:20 PM Grandfathered flood policy
Kristi Offline
Member
Kristi
Joined: Feb 2005
Posts: 85
Can a grandfathered flood insurance policy be transferred to a buyer purchasing your home? Ex. Our borrower is purchasing a home in zone AE. The current owners have a flood policy in effect for Zone E. Can that policy be transferred to our borrowers?

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Flood Compliance
#2252372 - 04/14/21 08:30 PM Re: Grandfathered flood policy Kristi
Jim Schue Offline
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Joined: Jan 2017
Posts: 21
Yes, a grandfathered policy should be able to be transferred as long as continuous coverage has been maintained. The seller's insurance agent should be able to assist with the process.

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#2252382 - 04/15/21 02:32 AM Re: Grandfathered flood policy Kristi
Kristi Offline
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Kristi
Joined: Feb 2005
Posts: 85
Thanks so much!

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