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Lenders Have New Requirements for Condo Insurance Coverage

Lenders Have New Requirements for Condo Insurance Coverage

by Lawrence Szabo, Esq. | Dec 29, 2013 | Insurance

Freddie Mac, Fannie Mae and FHA all have new requirements regarding the insurance coverage that must be carried by condo owners. Under the new lending guidelines, the lenders are now requiring owners of condominiums to obtain “HO-6” policies. A...
Insurer Not Obligated to Defend HOA in Action Seeking Only Injunctive Relief

Insurer Not Obligated to Defend HOA in Action Seeking Only Injunctive Relief

by Lawrence Szabo, Esq. | Dec 14, 2013 | Insurance

California Appellate Court decision (October 1, 2013). A California Fourth Appellate District Appellate Court has ruled that an HOA’s liability insurance carrier did not have a duty to defend the HOA against a claim for injunctive relief when the plaintiffs were...
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