Home Owner Insurance, Master Policy & HO6 in Mortgage Underwriting

HOI – Home owner insurance is a type of property insurance that covers a private residence. A standard home insurance policy insures the home itself along with the things kept inside. Condominium Policy- The Master Condo Policy is responsible for…

Home Owner Insurance, Master Policy & HO6 in Mortgage Underwriting

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HOI – Home owner insurance is a type of property insurance that covers a private residence. A standard home insurance policy insures the home itself along with the things kept inside.
Condominium Policy- The Master Condo Policy is responsible for covering two main areas of risk — general liability for the association and property damage coverage for common areas. Common areas are generally defined as the roof and exterior walls, stairways, recreation rooms, elevators, common hallways, and grounds


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