Flood Insurance Calculation Worksheet

Property type the result is the minimum amount of required coverage and up to five buildings may be entered at once.

Flood insurance calculation worksheet. Calculating flood insurance coverage a step by step worksheet transaction details step 1. Document the details of the transaction. Calculating flood insurance coverage for condominiums rcbap coverage amount replacement cost value rcbap coverage calculation units 250 000 number of units covered under rcbap required minimum coverage amount lesser of rcbap coverage and rcv coverage reminder. Dan persfull of the peoples state bank has provided a quick way to calculate the minimum amount of flood insurance needed for flood requirements.

Provide a copy of the flood insurance policy declaration or a paid receipt for the current annual flood insurance premium and a copy of the application for flood insurance. Have a great one. It provides space for the applicant borrower and loan application information space to document the amount of required insurance using the calculation as well as space to document who completed the form and the date the form was completed. The flood insurance calculation worksheet helps add up the proper amount of required flood insurance.

The maximum allowable contents coverage is the actual cash value acv of the. The risk in making the loan as it will not be insured under the nfip. Enter calculation figures for contents. The updated worksheet is attached for you.

Continue to the worksheet summary. This spreadsheet requires three input values.