Can the $30,000 "Increased Cost of Compliance" coverage be used to determine adequate flood insurance coverage on a mortgage loan?

No. That only pays if you receive a declaration from your local floodplain administrator that your home is substantially or repetititvely damaged after a flood.

Can you help me understand? Is it also "no", because the standard flood insurance policy limit for the building is for the actual physical damage/replacement of the building and the ICC is to comply with building codes and floodplain ordinances? I have looked absolutely everywhere and this post is the only thing that I have found that even addresses this issue. I can't find anything else that says whether it IS or ISN'T to be used to determine the adequate amount of flood insurance. I also find it confusing that the maximum amount collectible if you have Standard Flood Insurance Policy and an ICC is either the $250,000 on residential or $500,000 on commercial. The ICC isn't in addition to the $250,000 or $500,000. Please clarify? Thank you!

Why would it be counted. It only comes into play if certain circumstances are present. I guess I am confused why anyone would think it was.

Thanks for your response. Well, someone here did think it counted and I'm going to have to explain why it doesn't. I just wanted as much information as I could get. Thanks.

I think this pretty much says it all, does it not? It is not for actual damages.

ICC coverage is flood insurance for expenses a policyholder incurs, above and beyond physical damage sustained from a flooding event, to repair or rebuild a flood-damaged building in compliance with state or local floodplain management ordinances or laws.