Real estate blog entries tagged with dishonesty coverage increased on condo insurance by Danell Merren (Providence Home Mortgage/ICCF)

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Home : Blogs : Danell Merren : Danell Merren's Blog : Tag "dishonesty coverage increased on condo insurance"

dishonesty coverage increased on condo insurance: Condo Insurance- Dishonesty Coverage increased to $47,040- Fannie and Freddie Change. - 11/06/09 12:57 PM

We are seeing another Fannie and Freddie change, this time when it comes to condo coverage that the condo associations and/or management companies must have. It's regarding dishonesty coverage. Fannie and Freddie used to only require $10,000 dishonesty coverage. This is related to liability insurance. Horror stories are popping up all over the county where employees of the associations or management companies were embezzling the dues that was coming in.
See a related story below about what happened near Chicago.
http://www.nbcchicago.com/news/local-beat/willow-springs-condo-van-witz-management-complaints-56662742.html

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Danell Merren

Grand Rapids, MI

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Providence Home Mortgage/ICCF

Address: 920 Cherry St SE, Grand Rapids, MI, 49506

Office Phone: (616) 719-4513

Cell Phone: (616) 437-7831

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