Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Flood Compliance Flood Deductiable
Thread Options
#1766067 - 12/11/12 06:48 PM Flood Deductiable
NM Tiger Offline
Member
Joined: May 2004
Posts: 79
New Mexico
Is there a maximum amount on what deductible a customer can have.

Return to Top
Flood Compliance
#1766081 - 12/11/12 07:00 PM Re: Flood Deductiable NM Tiger
Jerod Moyer Offline
Platinum Poster
Jerod Moyer
Joined: Oct 2005
Posts: 667
Sioux Falls, SD
I believe:

Residential Buildings = $5,000
Non-Residential Buildings = $50,000
_________________________
Jerod Moyer
www.bankerscompliance.com

Return to Top
#1766083 - 12/11/12 07:02 PM Re: Flood Deductiable Jerod Moyer
NM Tiger Offline
Member
Joined: May 2004
Posts: 79
New Mexico
Thank you. I could not find a max anywhere.

Return to Top
#1766087 - 12/11/12 07:06 PM Re: Flood Deductiable NM Tiger
Jerod Moyer Offline
Platinum Poster
Jerod Moyer
Joined: Oct 2005
Posts: 667
Sioux Falls, SD
See the flood insurance agent's manual, I believe it's in the the "Rating" chapter.

http://www.fema.gov/flood-insurance-manual
_________________________
Jerod Moyer
www.bankerscompliance.com

Return to Top