We require insurance against losses caused by perils covered under an All Risk Policy, or a Standard Fire Policy with a Special Form Endorsement. Special Form is added to a fire policy to provide coverage for all risks, subject to stated exclusions and limitations.
Windstorm exclusions are not allowed. Exclusions for windstorm, hail or hurricane are not acceptable, unless you are able to obtain a separate policy to cover the peril that was excluded from your primary insurance policy.
Contact your Loan Officer for further information.