Hi all,

I am researching ways in which RCV can be calculated for flood insurance purposes (other than the appraisal or insurance RCV). Does anyone use another method?

http://www.aba.com/Compliance/Mem/Documents/FAQs-Flood-2015Oct.pdf

ABA just submitted a proposed Q&A to the regulators that includes questions about how to determine insurable value. I think it is beneficial to review since it points out how different methods may be used. It will be interesting to see what response they get.

I haven't read the ABA 's article you, but you can find an article at our website entitled "Flood Insurance Insurable Value". The article discusses when RCV and ACV apply as well as alternative approaches to determining insurable value, such as functional building cost and demolition cost. And it's only 3 pages long!

http://www.bankerscompliance.com/compliance-resources/free-downloads.htm
Scroll down until you see the heading "Articles"

Thanks David!