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I’m reviewing Flood Insurance Policies and can’t determine the deductible requirements for commercial real estate. Help please.
Here’s a link to the NFIP deductible tables effective June 1, 2014: https://www.nfipiservice.com/Stakeholder/FEMA2/Attachment%20D%20Deductible%20Tables.pdf. It also includes a table detailing the minimum deductibles. I believe many banks have a policy on the maximum deductible they will allow.
If, after reviewing the link, you have specific questions let me know and I’ll try to help answer them.
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