As you learned in the last video segment, a condominium building must be insured for 80% of its Replacement Cost Value at time of loss or for the maximum amount of insurance available under the NFIP. If the building is insured for less than the required amount, the policyholder is subject to a coinsurance penalty.
When you select the link, you access the web page where the video is loaded for you to view. Once you have finished watching the video, close the page to return to the course and select the forward arrow to continue.
