Guide Update 25-11
:  Insurance
Effective:
Insurance (Redline).pdf

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: 

 

  • requirements for
    • workers' compensation, and
    • auto liability; and
  • terminology to align with industry standards. 

 

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.