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Under the NFIP Standard Flood Insurance Policy Dwelling Form, what are the maximum federal limits available for a single-family residential building and its contents?
A$150,000 building / $50,000 contents
B$500,000 building / $500,000 contents
C$1,000,000 building / $250,000 contents
$250,000 building / $100,000 contents
Why this is the answer
The NFIP Standard Flood Insurance Policy (SFIP) Dwelling Form, applicable to 1-4 family residential structures, has federal maximum limits of $250,000 building and $100,000 contents. Commercial buildings under the General Property Form max at $500,000 building and $500,000 contents. The Residential Condominium Building Association Policy (RCBAP) provides $250,000 per residential unit on the building (NFIP SFIP — Dwelling Form).
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