February 20, 2014
AgencyMassachusetts Condo H06 Insurance
HO6 Condo Policies HO6 : Homeowner Condominium Insurance Condo Dwelling Coverage Insurance companies offer Dwelling Coverage, which generally insures the interior walls, drywall, wallpaper, paneling, flooring, carpeting, or built-in cabinets. This is the coverage you need to cover your part of the building; the unit you own. As a condo association, you all take responsibility and ownership […]
October 30, 2013
AgencyMA Condo Insurance “Walls In” Coverage and when does a Borrower need it?
Massachusetts Condo Insurance HO-6 “Walls In” Coverage and when does a Borrower need it? MA “Walls In” coverage is also called MA Condo Insurance HO-6 coverage. Fannie Mae requires that lenders verify that Hazard Insurance for all common interest developments including PUD’s and condominium projects with attached units covers fixtures, equipment, and other personal property inside individual units. The […]