Must I have 2 home insurances for hazard and personal belongings for refinancing condo?I recently refinanced my condo and was asked to get a hazard home insurance as well as type 6 insurance for personal belongings form Bank of America. I was told the rule was effective about one and half month ago. Anybody knows about this law? I wonder if I have to keep both of them indefinitely and any one has the same experience. Thanks.June 30 2009 - Berkeley00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.