walls in insurance coverage

  What is “Walls In” Coverage?   If you buy a condominium your mortgage lender may ask you to provide proof of “walls in” insurance coverage for the condominium building. But what does “walls in” mean..? And why is your condo mortgage lender insisting that it be part of your condo building’s insurance coverage?   “Walls In”, […]

WHAT IS CONDO MASTER INSURANCE  “WALLS IN” COVERAGE?   Over the years, we’ve seen a number of lenders requiring condo unit owners to provide evidence of insurance stating that “walls in” coverage is provided by their insurance policy. It’s a mystery how this term has perpetuated itself through the mortgage, and now insurance, industries. But […]

Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? 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 updated policy now requires that […]

Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? 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 updated policy now requires that […]