Master Policies

A detailed illustration of various property types, showing condos, manufactured homes, and properties that require master insurance policies, with icons representing insurance and community aspects.

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
5 Questions1 MinutesCreated by InsureGuide247
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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