Where Does Flood Insurance Go Wrong?

Compliance with the flood insurance regulations should be easy – determine where the structure is (assuming it’s insurable), and if it's in a high-risk flood zone, require insurance. Simple, right? Why then are there so many violations and penalties? The answer, of course, is that this seemingly simple issue has many complexities. The rules have been around since 1996, yet examiners continue to cite numerous violations and fines.

There are many significant issues out there, and it’s easy to run afoul of the requirements. In this webinar, we'll concentrate on them, including determinations, monitoring, contents coverage, private policies, amount of coverage, force-placement, and escrow requirements, among others. We’ll devote special attention to those issues that typically cause lenders problems, as well as those that are the focus of many a regulatory violation and fine.