Category: Insurance

Categories: Community Association Management, Financial & Reserves, Insurance, Repair and Maintenance Tags: Fannie Mae, Freddie Mac, Reserves

By Richard S. Ekimoto, Esq. A few weeks ago, we posted about Fannie Mae & Freddie Mac Changes in its Reserve Requirements for Condominium Associations. Fannie Mae and Freddie Mac also made some other changes related to insurance requirements for condominium projects. These changes include: Deductibles for the Master Insurance Policy Fannie Mae and Freddie Mac has established a limit for the deductible on the Association’s Master Policy. The “maximum allowable per unit deductible for [Read More...]