502.03B
Deductibles
Requirements
You must comply with the following tables.
| Flood Maximum Deductibles | |
|---|---|
| For... | You must ensure the... |
| Business income insurance |
deductible does not exceed:
|
| NFIP policies | maximum deductible available under NFIPNFIPProgram of flood insurance coverage and floodplain management administered under the National Flood Insurance Act. is acceptable. |
| Private Flood Policy Maximum Deductibles | |
|---|---|
| If the Property has... | Then maximum deductible per occurrence is... |
| 10 or fewer buildings in SFHA | $50,000 |
| More than 10 buildings in SFHA | $500,000 |