Answer:
A borrower can go to any agent. However, if they purchase private flood insurance, it must comply with the requirements set forth on page 57-58 of the FEMA Guidelines.
First published on BankersOnline.com 11/14/11
Requirement for Flood Policy Coverage on Property
Question:
Is it required that a flood policy be supplied on a property by a WYO approved carrier or can a borrower go to any agent to get coverage?
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