🤔What is Required Flood Insurance Documentation for DSCR Loans (For Properties in Flood Zones)?
➡️To satisfy a flood insurance condition, DSCR Lenders will typically have similar documentation requirements as they do for property insurance, which include a Flood Insurance Policy Declaration Page, which must show the named insured (matching title vesting), property address, coverage amount, policy term, deductible, and correct mortgagee clause as well as Evidence of Premium Paid, or a paid receipt from the insurer or agent, or invoice showing the premium will be paid at closing, in which case it would be required to be an item on the closing statement.

Guide to Flood Insurance For DSCR Loans
https://harpooncapital.com/dscr-loans-guide/guide-to-flood-insurance-for-dscr-loans

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