coverage: Condo Insurance - Don't be caught under covered on your HO6 policy - 02/29/12 09:43 AM
What you MAY NOT know about Condo insurance
Newer lender regulation REQUIRE people owning a condo and even some town homes to get homeowners insurance. This policy is similar to a “renters insurance policy“, but is actually called an HO6 policy.
If you or one of your clients owns a Condo or a Townhouse, there is an important coverage to consider.
It is called “extended protection”.  this coverage protects the owner for any damages that may occur that the owners association will not pay because the master policy for the association has a deductible of $5,ooo or $10,000.
If for example, … (0 comments)

 
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Joseph Metzler MLO MMS NMLS # 274132.

, MN

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Mortgages Unlimited, Inc

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Office Phone: (651) 552-3681

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.


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