I've been asked to do an elevation certificate for a single unit on the second floor of a condo building. The owners mortgage company won't accept the condo association insurance for mortgage purposes.
Have any of you had to do this before? How would you fill out the adjacent grade and lowest floor if the only floor you're concerned with is on the second floor?
Any opinions?
the entire building needs to be included, use the comments to explain that the condo is on the 2nd floor.
According to some insurance agents I know, flood certs are now required for just to give a quote. No cert, no quote on flood insurance.
I figured that I'd be doing the building and noting the unit.
Joe, I've run across this before too, they can't give a quote without knowing the elevations because everyone will be losing their "grandfather rights" on older buildings and that rate isn't transferable anymore.
Thanks for confirming what I thought I'd be doing.
Are you sure you are only concerned with the unit on the second floor?
I'm just thinking off the top of my head here...does that unit share responsibility of common areas? I'm wondering if, like an owners association, the flood insurance on the common areas is to be divided among all tenants, whether their unit is subject to flooding or not?
Yes, it's just the single unit. I've done complete condo buildings for associations and also done single units that were multi level so they went from the lowest level up so it wasn't an issue. This building is also in a VE zone so that makes it a little more complicated.