I believe there may be a mistake in the General Lines Study Manual on Page 79.
The chart regarding NFIP Flood insurance policy states: Basic $135,000 + $115,000 Addt'l amount to equal $500,000 in total coverage.
A. The numbers do not add up to $500,00 and
B. The Basic should be $175,000 and $325,000 addt'l amount to equal $500,000 for other Residential Building
Am I missing something?
Thanks
Denise
Denise,
The FL State Study Manual is published by FAIA so we're unable to make changes in the manual. You need to know the total amounts only:
2-4 family dwelling is $250,000
all other residential and all other property is $500,000.
Jan