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#822883 - 09/25/07 07:58 PM Flood Insurance on Contents???
upstateNY Offline
Platinum Poster
Joined: Apr 2003
Posts: 933
New York State
If we only have a lien on the contents of a building, such as equipment and inventory, and no lien against the improvements (building) are we required to run a SFHDF to determine whether the building that houses the assets is in a flood zone and thereby insure the contents?

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Lending Compliance
#822885 - 09/25/07 07:59 PM Re: Flood Insurance on Contents??? upstateNY
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
No. This is not a "covered loan".
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David Dickinson
http://www.bankerscompliance.com

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