What amount of insurance coverage should I obtain?

We recommend you obtain coverage equal to the replacement cost of the structures and improvements on your property. The minimum amount of coverage we will accept is the lower of (a) 
the replacement cost or
(b) the remaining principal balance on your loan.

If your property is located in Alaska, Hawaii, Massachusetts, Mississippi, or Washington state, we will also accept coverage that is at least equal to the fair value of the property (replacement cost less depreciation).

Flood insurance requirements are the same as for hazard/homeowners insurance, except that we will never require more than the maximum amount of flood insurance available through the National Flood Insurance Program (NFIP).

Contact your Loan Officer for further information.

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  • 713-334-1100
  • 9700 Richmond Avenue, Suite 320
  • Houston, TX 77042
  • NMLS #2297
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