RCV vs ACV - Is this owner occupied?

We have a commercial loan secured by multiple properties, one of which is in a flood zone. I know that the insurable value is less than the loan amount and the NFIP maximum, but I can't decide if the insurable value is RCV or ACV, and the two amounts differ by about $40,000. In this situation, the commercial customer has a loan on a property that is being sold via land contract. The property is occupied by the buyer, but who is the owner? Is it owner-occupied? Our customer, the seller in the land contract, is purchasing the flood insurance, if that matters. Thank you in advance for your help.

Your customer is the owner.

http://www.bankersonline.com/compliance/guru2011/gurus_comp100311g.html

Maybe, maybe not, it depends on what is meant by a "land contract". Who is the current titled owner? If it is still the borrower - refer to the linked post.