HO-6 Insurance Required Due to the housing crisis and a revamped Fannie Mae and FHA, lenders are making HO6 insurance policies a requirement for any new condo purchases. Previously, HO-6 insurance was not required by any mortgage lender or bank which often confused owners that their master co...
Condo insurance is very similar to home insurance, but there are a few areas where HO6 insurance deviates in coverage. The most notable differences are how the Dwelling coverage and Other Structures coverage are calculated. In both scenarios, the amount of insurance needed is much less for cond...
you most likely need condo insurance (HO-6). From there, you would want to find out what type of master policy the association has. (See question above). If the association doesn’