Answer:
Acceptable deductibles on any sort of insurance (flood or otherwise) are a safety and soundness issue and are governed under Bank policy.
Rules on Minimum Deductibles for Flood Insurance
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Question:
The bank has a commercial non-owner occupied property located in a flood zone. The borrower has a $125,000 flood insurance policy, but has a $25,000 deductible. Is there any regulatory guidance, or requirements as to minimum deductibles for flood insurance?
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