Yes, it should be acceptable as long as it meets your minimum coverage requirements and complies with the acceptability of a private policy.
Private Flood Insurance Policy for 2 Buildings
We have a marina loan for $1.2MM with two buildings to house boats. They have a private flood insurance policy for both buildings on one policy instead of one policy per building. Is that possible since its a private policy and not NFIP?
First published on 04/05/2020