Check insurability before loan commitment

The property behind the loan, in one view

Before commitment, see the collateral's hazard and insurance picture together: whether coverage is likely available, what the required cover may cost, and what the flood map says.

Insurability gate

Likely insurableThis property should be straightforward to insure.Modeled estimate. Only a carrier can confirm cover.

Property

Single-family home, built 1995, Springfield, ILThe Sample CoverGuard Record. No street address is shown.

Required cover, modeled cost

$2,250 a yearRange $1,750–$2,800. Modeled estimate, not a quote and not bindable.Homeowners, Wind/Hurricane

Recommended cover, modeled cost

$1,170 a yearEarthquake, Flood. Not required; shown separately, never added to required cover.

FEMA flood zone

Zone X, outside the SFHAObserved, from the FEMA National Flood Hazard Layer.

Source

The Sample CoverGuard Record's hazard profile, insurance cost model and decision rules

Date

Last checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.

Geographic resolution

One property; carrier availability for its state market

Classification

Observed, derived and modeled — the flood zone is observed; the insurability answer and the cost are modeled

What it decides

Tells you whether insurance is likely to hold up the loan before you commit.

Limitation

Not an underwriting decision, not a quote and not a flood zone determination.

When to refresh

Refresh a Record older than 180 days before commitment.

Flood zone context for the file

The FEMA map facts a flood determination turns on, with the panel they come from.

Flood zone

Zone X

FIRM panel

17167C0225E

Special Flood Hazard Area

Outside the SFHA

Base flood elevation

FEMA publishes none for this zone

Outside the SFHA, the federal flood insurance purchase requirement does not apply. Flood cover can still be worth carrying, and a lender may still ask for it.

Source

FEMA National Flood Hazard Layer

Date

Last checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.

Geographic resolution

The property’s mapped location on one FIRM panel

Classification

Observed

What it decides

Supports your flood zone determination and whether flood cover is required.

Limitation

Context for a flood determination; it does not replace one. Outside the SFHA is not the same as no flood risk.

When to refresh

FEMA revises maps. Refresh a Record older than 180 days, and after any map change.

How old is each piece of evidence?

Every source shows the day it was read and how long ago that was. Past 180 days, it is marked out of date rather than shown as current.

• Flood · FEMA National Flood Hazard LayerRead 2024-12-01, 706 days agoLast checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.
• Wildfire · USFS Wildland-Urban Interface / Cal Fire FHSZRead 2024-12-01, 706 days agoLast checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.
• Wind · Design wind speed estimated from ASCE 7-22 maps by state and latitude / NOAA Coastal Flood Hazard CompositeRead 2024-12-01, 706 days agoLast checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.
• Earthquake · USGS Seismic Design Maps (ASCE 7-22)Read 2024-12-01, 706 days agoLast checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.
• Crime · Demo data — illustrative crime estimateRead 2024-12-01, 706 days agoLast checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.

Source

The public source named on each row

Date

Last checked 2024-12-01, 706 days ago. Past our 180-day review window, so treat it as indicative rather than current.

Geographic resolution

The property’s mapped location; crime at its reporting agency

Classification

Observed — the dates are the sources’ own

What it decides

Tells you which evidence is current enough to put in the file.

Limitation

A date says when a source was read, not that nothing has changed since.

When to refresh

Older than 180 days: refresh the Record before you rely on it.

Keep what was checked, and when, on the loan

In your loan portfolio, each loan keeps the collateral's flood zone and SFHA status, its risk levels, and whether the borrower's insurance has been confirmed: by which carrier, and when it expires. Policies expiring in the next 30 or 60 days are counted, so a reviewer can see the file's state later.

• Flood zone and SFHA status
• Overall, flood, fire, wind and earthquake risk levels
• Borrower's insurance: confirmed or not, carrier and expiration date
• When the entry was created and last updated

Source

Your own loan portfolio entries. Nothing here is a real loan

Date

Each entry keeps when it was created and last updated.

Geographic resolution

One loan and its collateral per entry

Classification

Illustrative sample — risk levels on an entry are modeled; the insurance status is what your team records

What it decides

Shows a reviewer what was checked on the collateral and when.

Limitation

The insurance status is what your team enters. CoverGuard does not confirm a policy with a carrier.

When to refresh

Update an entry when the borrower’s policy renews or the collateral’s Record is refreshed.