Additional Hazard Insurance Coverage
Requirements for 1-4 unit properties apply to similar residential properties within a Planned Unit Development (PUD) or a ground lease community.
Amount of Hazard Insurance Coverage
For first lien home mortgages on 1-4 unit properties, the hazard insurance coverage must be equal to the lesser of ...
Hazard Insurance Deductible
Deductible for hazard policies must conform to investor guidelines. Deductible requirements on Jumbo loans must meet FNMA requirements.
Hazard Insurance General Specifications
A hazard insurance policy that meets the following specifications must be provided by the applicant at closing:
The following endorsements are required for PUD and condominium projects. Inflation Guard Endorsement, if available; Construction Code Endorsement, if there is a construction code provision that wo...