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Insurance Training
Partnering on sustainable homeownership
These courses are designed to provide lenders and servicers an understanding of the key property and flood insurance requirements for one- to four-units, PUDs, condos, and co-ops.
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Property insurance for one- to four-units
Property insurance for one- to four-units
Modules:
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Evidence of property insurance
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General property insurance requirements for all property types
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Property insurance coverage requirements for one- to four-unit properties
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Determining the required coverage amount for one- to four-unit properties
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Understanding replacement cost value, replacement cost coverage, and actual cash value
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Deductible requirements for one- to four-unit properties
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Individual property insurance requirements for a unit in a project development
Property insurance for PUDs, condos, and co-ops
Property insurance for PUDs, condos, and co-ops
Modules:
- Evidence of property insurance
- General property insurance requirements for all property types
- Master property insurance requirements for project developments
- Determining the required coverage amount for projects
- Understanding replacement cost value, replacement cost coverage, and actual cash value
- Deductible requirements — master property policies
- Additional master property insurance requirements for project developments
- Policies covering multiple projects
Flood insurance
Modules:
- Determining if a property requires flood insurance
- Evidence of flood insurance – all property types
- Determining the required deductible amount – all property types
- Coverage amount requirements for one- to four-unit properties, including PUDs
- Coverage amount requirements for attached condo and co-op projects
