This extra amount is the cushion.. The Real Estate Settlement Procedures Act says that lenders can keep a maximum cushion of one-sixth of the total annual cost of items paid out of escrow. So if your taxes and insurance add up to $3,900 a year, your lender can keep a cushion of $650.Cushions are not overages.his extra amount is the cushion.. The Real Estate Settlement Procedures Act says that lenders can keep a maximum cushion of one-sixth of the total annual cost of items paid out of escrow. So if your taxes and insurance add up to $3,900 a year, your lender can keep a cushion of $650. Cushions are not overages.
Samples in periodicals archive: The Residential Condominium Building Association Policy (RCBAP) of the standard flood insurance policy insures residential condominium associations, and thus the building in which the unit is located. # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z. 1  Home.
The National Flood Insurance Program (NFIP) determines coverage and premiums, but when you purchase a flood policy from Allstate, you'll get the support of a knowledgeable agent and service you can count on. A flood insurance policy can help protect your house, condo, apartment, mobile home or even your business.Most flood insurance policies can include three types of coverage: building coverage, contents coverage and replacement cost coverage. Each of these coverage options offers different kinds of protection.1  Building coverage. 2  This protects the physical structure of your home or non-residential property.3  Contents coverage.he National Flood Insurance Program (NFIP) determines coverage and premiums, but when you purchase a flood policy from Allstate, you'll get the support of a knowledgeable agent and service you can count on. A flood insurance policy can help protect your house, condo, apartment, mobile home or even your business.