When is the Dwelling Form of the Standard Flood Insurance Policy used?
The Dwelling Form covers only non-condominium residential buildings built principally as a dwelling for one to four families or for a single-family dwelling unit within a condominium building. The Dwelling Form pays losses on Replacement Cost value for buildings used as primary residences, which are insured at least to 80% of the buildings replacement cost. Separate contents coverage for personal property inside a building at the subject property is available for purchase with this form, as well.
