Thread Starter: Anonymous
Title: Re: Flood Ins. Required?
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Opening this thread back up....
Have a commercial metal building on a concrete slab - appraiser appraised the structure separately - appraising the "building structure" at one square foot price (cost approach) and the "covered area" at a lower square foot price (cost approach). The "covered area" is a porch for lack of a better word - metal building on concrete slab where roof extends out with columns supporting down into the concrete slab creating a "covered area" roughly 3,750 sf "covered area" with a cost approach of $56,000. IMO this is part of the structure and therefore must be covered under a flood insurance policy (same policy as the actual structure that has a cost approach value of $192,000....
Thoughts?? Or please confirm.
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