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#547370 - 05/12/06 06:05 PM Flood Question
Denny Offline
Joined: Jun 2002
Posts: 79
I think this question has been discussed here before but I can't find it. Are there any exceptions in the Flood Insurance Regulation that exempt the Amish from purchasing flood insurance? I can't find any but would someone please confirm that is the case.

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#547371 - 05/12/06 06:14 PM Re: Flood Question
Edr55 Offline
Gold Star
Joined: Jul 2005
Posts: 455
I know there is an issue that they are self insured, and I believe you can make that safety and soundness decision on your own for hazard requirements, but don't believe that the self insurance satisfies the flood requirements. (I don't have any support, but hopefully someone will chime in shortly)

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#547372 - 05/12/06 08:32 PM Re: Flood Question
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,769
Bloomington, IN
If you do a search using +amish +flood you will find several previous discussions.

Click here for one discussion to get you started.
The opinions expressed are mine and they are not to be taken as legal advice.

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#547373 - 05/12/06 08:35 PM Re: Flood Question
doodles Offline
Gold Star
Joined: Jan 2004
Posts: 494
We have "Amish Aid" "insurance" that the bishops sign but only on the p & c side - it cannot be used for flood insurance requirements. There is no exemption because they are Amish so a flood policy would have to be purchased.

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#547374 - 05/12/06 08:48 PM Re: Flood Question
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Agree with doodles. Here in PA (and other states) banks get a letter that serves in lieu of hazard insurance, but no dice for flood insurance.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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