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  "contentVersion": "2026.08.31",
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  "operator": {
    "legalName": "WJB Services, Inc.",
    "dba": "Bollinsure Insurance Services",
    "license": "6013787",
    "licenseAuthority": "California Department of Insurance"
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  "license": "Text on this page may be quoted with attribution and a link to the canonical URL.",
  "notice": "Public page facts only. This record contains no visitor question, no tool input, and no identifier. It is not a coverage determination, an eligibility decision, or individualized advice.",
  "title": "44 CFR Part 61, Appendix A(3) - Standard Flood Insurance Policy Residential Condominium Building Association Policy (Article VII, Coinsurance)",
  "publisher": "Federal Emergency Management Agency / National Flood Insurance Program (text reproduced by Cornell Legal Information Institute)",
  "url": "https://www.law.cornell.edu/cfr/text/44/appendix-A(3)_to_part_61",
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  "accessedDate": "2026-08-31",
  "lastChecked": "2026-08-31",
  "updateCadence": "Changes only through FEMA rulemaking published in the Federal Register and codified in 44 CFR.",
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      "checksum": "952406d8ac01",
      "text": "Article VII of this form is titled Coinsurance and applies unless the amount of insurance applicable to the damaged building is at least 80 percent of its replacement cost, or the maximum amount of insurance available for that building under the NFIP, whichever is less."
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      "text": "Where the coinsurance article applies, payment is computed by dividing the actual amount of insurance carried on the building by the required amount of insurance, multiplying the amount of loss before application of the deductible by that figure, and subtracting the deductible, with payment equal to that result or the amount of insurance carried, whichever is less."
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      "text": "The form defines actual cash value as the cost to replace an insured item of property at the time of loss, less the value of its physical depreciation."
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      "text": "This appendix is the Standard Flood Insurance Policy Residential Condominium Building Association Policy, so its coinsurance article is one published federal form's condition and not a general property insurance rule."
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    {
      "kind": "Question",
      "title": "What is the difference between replacement cost and market value?",
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  "citation": {
    "text": "Federal Emergency Management Agency / National Flood Insurance Program (text reproduced by Cornell Legal Information Institute). \"44 CFR Part 61, Appendix A(3) - Standard Flood Insurance Policy Residential Condominium Building Association Policy (Article VII, Coinsurance).\" unknown. https://www.law.cornell.edu/cfr/text/44/appendix-A(3)_to_part_61 (retrieved 2026-08-31).",
    "viaThisSite": "BestInsurance Research source record nfip-rcbap-coinsurance, content version 2026.08.31. https://bestinsuranceresearch.com/sources/nfip-rcbap-coinsurance",
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