WebFor each insurance type (hazard, flood, hurricane, etc.) the deductible should not exceed the greater of $1,000, 1% of the policy coverage, or the minimum deductible offered by the …

Property Insurance Fannie Mae Multifamily Guide

WebMar 8, 2024 · determining the required coverage amount for first lien mortgage loans, and. deductible requirements. Refer to Selling Guide B7-3-08, Mortgagee Clause, Named Insured, and Notice of Cancellation Requirements for the applicable requirements for … Webthat the first full year’s premium has been paid for all required insurance coverage. Either originals or certified copies of current insurance policies and receipts for subsequent … citizen black strap watch

Property and Liability Insurance Fannie Mae Multifamily Guide

WebFannie Mae has sought to provide consumers with comprehensive information about securing home mortgages. It provides lists of lenders, mortgage calculators, glossaries of … WebIf the covered properties are not related by ownership or under the same property management, you are expected to evaluate the insurance administrator, considering factors such as the acceptability of its business practices, possible payment of claim by the administrator, years in business, etc. WebThe deductible comes off the amount of your loss, not the amount of your coverage. If, say, your policy pays up to $200,000, you have a $5,000 deductible and $205,000 in damage, you collect... citizen blood pressure monitor ch606