Can the deductible on a private flood policy be more than $10,000?
Under the discretionary acceptance provisions, isn't one of the factors to consider in determining whether a private flood policy provides sufficient protection include whether the policy's deductible is reasonable based on the borrower's financial condition?
Is it a violation if the deductible is say $25,000 on a private policy with coverage of $250,000? What if the coverage is for $1,000,000?