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I have multiple structures on my property. Do I need insurance on all structures?

Yes, in most cases. Quoting from the FDIC Compliance Manual, dated January 2014 page V-6.4, Multiple structures that secure a loan located in an SFHA generally must each be covered by flood insurance, even though the value of one structure may be sufficient to cover the loan amount. FEMA does permit borrowers to insure nonresidential buildings using one policy with a schedule separately listing each building.”