Flood Protection for Complex Structures

Calculating minimum coverage requirements to fulfill the requirements of the FDPA is simple when only one single-use structure is taken as collateral. However, loan collateral often includes multiple types of structures, multiple purposes of a single structure, and structures located in and out of a special flood hazard area. In other cases, unique structures may raise questions as to whether it meets the definition of a building and if flood insurance is required. Join this deep dive into examples of how to properly calculate the minimum amount of flood insurance for a variety of situations using agency-issued guidance and the Flood Insurance Manual.