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#800644 - 08/22/07 09:13 PM Flood: Maximum Amounts
LoisLane Offline
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LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Page 22 of the Mandatory Purchase of Flood insurance Guildelines show the following maximum amounts of flood insurance availabe under the NFIP.

I'm wondering if these are still the correct amounts and catagories:

Regular Program
$250,000 Single Family dwelling (Bldg)
$250,000 2-4 family dwelling (Bldg)
$250,000 Other Residential (Bldg)
$500,000 Non residential(Bldg)
$100,000 Residential (contents)
$500,000 Non residential (contents)

Emergency Program
$ 35,000 Single Family dwelling (bldg)
$ 35,000 2-4 family dwelling (bldg)
$100,000 Other residential (bldg)
$100,000 Non residential (bldg)
$ 10,000 residential (contents)
$100,000 non-residential contents
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Lending Compliance
#800656 - 08/22/07 09:18 PM Re: Flood: Maximum Amounts LoisLane
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
As of today, they are. There is a bill in front of the House (H.R. 1682) that proposes an increase to these amounts (about 35% to all).
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David Dickinson
http://www.bankerscompliance.com

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#800769 - 08/22/07 10:43 PM Re: Flood: Maximum Amounts David Dickinson
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,215
Galveston, TX
I can't wait!!! I need more insurance.
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#800978 - 08/23/07 02:10 PM Re: Flood: Maximum Amounts David Dickinson
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Thanks for the confirmation. I knew the penalties in the Mandatory Guidelines weren't updated, so I was concerned about the accuracy of the maximum amounts.
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#801262 - 08/23/07 05:31 PM Re: Flood: Maximum Amounts LoisLane
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Again, this is only a bill in the House. It hasn't passed yet and there's nothing in front of the Senate at this time.
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David Dickinson
http://www.bankerscompliance.com

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