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I have a loan request for the purchase of a rv park and campground with several buildings included located in a flood zone. This property includes a 1-4 dwelling, office building, entry building, 4 cabins, food shop, equipment storage shed, pavillion storage and 3 – 4 bathhouses. I know I need to figure the amount of flood coverage for each building, but will I have to receive this many policies? or this can be written on one policy? The appraiser did give an insurable replacement value on all the different structures. Still reviewing the appraisal to make sure I have counted for all structures, but just making sure I can get this loan covered correctly with flood insurance. Best way to get started?
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