Property: Homeowner’s Insurance (HOI)

Homeowner’s insurance documents can be in the form of HOI policies, HOI binders, coverage declarations page, etc. They are provided by an insurance company to prove that an individual or entity has an active insurance policy in place.

Context: Identifying the document.

  1. Insurance company logo

  2. Document title with insurance verbiage: coverage declaration, declarations page, hazard insurance, homeowner’s insurance, policy page, insurance binder, certificate of insurance, etc.

Key takeaways: Important information.

  1. Insured persons/entity

  2. Property information

  3. Policy number

  4. Effective and expiration date

  5. Agency and contact information

  6. Coverage information

  7. Policy premium

  8. Additional interest/Mortgagee Clause

  9. Loan number

  10. Additional interest/Mortgagee Clause

Notes on Homeowner’s Insurance:

  • Additional interest must match the company mortgagee clause (below). Panorama Mortgage Group, LLC ISAOA/ATIMA 6623 Las Vegas Blvd. South, Ste F-200 Las Vegas, NV 89119

  • If the dwelling coverage and extended replacement coverage aren’t sufficient to cover the loan amount, a Replacement Cost Estimator will be necessary. (In some states, it isn’t possible to request a Replacement Cost Estimator if it hasn’t been provided yet.)

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