Master Policies
Master Policies Quiz
Test your knowledge about master policies and their requirements in property types. This quiz will help you understand when a master policy is needed and who to contact for assistance.
Key topics covered:
- Property types
- PUD requirements
- Contact points
- Types of master policies
What property types require a master policy?
Detached
Attached
Condo
Manufactured Homes
When do PUDs require a master policy?
Always
Never
When the Senior confirms we don't need one
When the HOI coverage isn't enough or we can't get an RCE
Who should we contact first for a master policy?
The HOA
The HOI insurance agent
The borrower
The CES
Which option(s) are a type of master policy?
Walls In
New Construction
Condo Master
Walls Out
Division Master
Common Areas
Can we update the mortgagee clause and borrowers info on a common areas policy?
Yes
No
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