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Is the building insurable?

How do you know if a low value building has an insurable value? Do you determine this by determining if it is insured on the borrower’s hazard policy?

Every building has some value and there are many ways to determine a building’s insurable value. You could look at the Replacement Cost Value (RCV), the Actual Cost Value (ACV – cost approach), the amount of hazard insurance in place on the property, the functional building or demolition/removal cost to name a few.
Learn more about Jerod Moyer and David Dickinson’s webinar
Part I - Flood Insurance Compliance - A Two-Part Companion Webinar Series

First published on 07/23/2017

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