Bank of America has adopted a new policy regarding the amount of property insurance carried. They have deceided that if you have a flood policy in place, then the amount of coverage must equal that of your homeowners insurance. It doesn't matter if your home is flood resistant and that the current amount of coverage is greater than the appraised value of the home. FEMA only requires you insure your property for the lessor of the replacement cost, the mortgage amount, or $250, 000 for single family residence. My mortgage is less than $100... read full review »