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What is an Item comment policy requested by mortgage company My mortgage company is requesting an updated policy but I live in a condo with a homeowners assoc.?
Wiki User
∙ 14y ago
There are two kinds of insurance in a condominium community: a master policy that covers all the real estate assets owned in common, and an HO-6 policy that an individual owner carries to insure that unit.
Your board can supply you with a copy of the master policy and you can produce the HO-6 policy. Take both to the mortgage company and ask them to help you understand what they need to see.
If the mortgage company needs additional information from your board or about the association, your board can help you find the answer.
Wiki User
∙ 14y ago
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