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#2260544 - 09/30/21 07:34 PM Master Condo Insurance Needed?
Jace Offline
New Poster
Joined: Jul 2005
Posts: 20
We have customers who live in condos or are part of condo association. Currently we receive a unitowner policy and a master condo policy. We do not get listed on the master condo policy because they are not the borrower. Are we required to obtain a current policy for the master condo every year or is the initial policy acceptable for the life of the loan?

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General Discussion
#2260551 - 09/30/21 08:26 PM Re: Master Condo Insurance Needed? Jace
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,215
Galveston, TX
Hazard insurance is a risk issue - totally up to you.
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