Guide Update 25-11
:
Insurance
HIGHLIGHTS |
Effective for Mortgage Loans under application on or after June 2, 2025 and for renewals on or after July 21, 2025, updated Part II, Chapter 5: Property and Liability Insurance to modify:
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Primary Changes
Updated Part II, Chapter 5: Property and Liability Insurance to:
- clarify Workers' Compensation Insurance requirements;
- remove Commercial Auto Liability Insurance requirements;
- align terminology with standard insurance industry meanings; and
- add new Glossary terms for
- Insurable Value, and
- Total Insurable Value.
Questions
Please contact Jennifer Clements at (202) 752-5988, or [email protected] with any questions.