Here is the scenario: Customer has a loan of $212,000 secured by three properties. Two are residences, one is a commercial building. Total appraised value of all three structures is $381,500. One residence is in a flood zone with a RCV of $200,000. Am I correct in calculating that we need $200,000 in flood insurance coverage on that residence?
Last edited by IUalum; 07/19/21 02:46 PM.
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