There are drapes listed on your DOT? You need to check with legal to see if that actually represents a security interest in the drapes. If it is, then you need content coverage. Must be some drapes smile
Deed of Trust Construction Materials/Flood
We have an interim construction loan that the real estate is in flood zone AE. Our Deed of Trust lists the real estate and the construction materials including drapes. All of the construction materials listed are covered under the buildings flood insurance, however the drapes are not. The plans and specs for the construction does not list drapes. Do we have to require contents coverage just to cover the drapes since it is listed in the Deed of Trust?
First published on 12/08/2019