Skip to content

Issuing Flood Insurance Prior To Construction

Answered by: 

Question: 
I have an insurance company that is telling me it is impossible for them to issue a flood insurance policy on a construction loan before the slab is poured. Is this true?
Answer: 

To determine the correct insurance, the base elevation must be known. Therefore, the flood insurance company wants the slab (or footers) to be completed.



First published on BankersOnline.com 07/07/03

First published on 07/07/2003

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics