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Content Coverage Required for Flood Insurance

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Question: 
Is there a best practice of what documentation to use for determining the amount of content coverage required for flood insurance?
Answer: 

I would only require contents coverage if I'm taking contents as collateral. If I'm taking contents as collateral, I would presume that some type of valuation of the contents has been performed as part of the underwriting and that's the amount of contents coverage I'd require.

First published on 04/29/2018

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