Real estate Q&A: Do I need individual condo insurance to get a home equity loan? (FL)

/ Owner - April 28, 2022

Q: Is it necessary to have a homeowners’ insurance policy for a condo if applying for a home equity loan? Unlike an individual house policy, don’t these policies only cover the owner’s personal property — what is “between the walls”? The general policy held by the HOA covers the building itself. Shouldn’t that be enough for the entity making the loan?  Read the Q&A……………………………….

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