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Determining the amount of coverage

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Question: 
When the building is a 1-4 family dwelling used as a vacation rental, has a transient license, and is rented nightly and weekly to generate income, should we consider residential or non-residential maximum limits?
Answer: 

$250,000 is the maximum amount of coverage currently available from FEMA for a 1 - 4 family residential property, whether used for rental purposes or personal use.

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First published on 05/02/2021

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