Flood: Maximum Amounts

Posted By: LoisLane

Flood: Maximum Amounts - 08/22/07 09:13 PM

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
Posted By: David Dickinson

Re: Flood: Maximum Amounts - 08/22/07 09:18 PM

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).
Posted By: rlcarey

Re: Flood: Maximum Amounts - 08/22/07 10:43 PM

I can't wait!!! I need more insurance.
Posted By: LoisLane

Re: Flood: Maximum Amounts - 08/23/07 02:10 PM

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.
Posted By: David Dickinson

Re: Flood: Maximum Amounts - 08/23/07 05:31 PM

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.