Flood Insurance: Diving Deep on Calculations and Timing Requirements
- Identify when the flood insurance notice must be provided
- Calculate the minimum amount of flood insurance required
- Determine when the detached exemption is available
- Explain the differences between an NFIP versus a private flood policy
- Recognize timing requirements for force-placing flood insurance and refunding duplicate coverage premiums
- Implement monitoring and tracking tools to aid with fulfilling compliance responsibilities
- Utilize resources, including the Interagency Flood FAQs, when answering questions