Nope, not attorney time. Take the total value of the flood policy and then divide it by the number of units. Chances are, it's not enough to pay off the mortgage of your unit.
If the place floods out....the foundation shifts (I know very unlikely) and the buidling is condemned, would your flood coverage pay off what you owe? Probably not. You don't have to accept the forced policy. Go get your own supplemental policy. It sounds like it's your Condo Association is under insured.....they probably haven't increased coverage since the policy was first issued.
Do talk to an attorney - But I suspect it won't change anything.
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