Zillow Advice: Insurance - Buying a condo, does your lender require you to get condo insurance? http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ Zillow Advice | Zillow Real Estate Yes. Until you own 100% of ... http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ Yes. Until you own 100% of your condo, the lender requires insurance to protect their interest. Also, some condo complexes/co-ops also require owners to have liability insurance even if they have no mortgage. Mon, 26 Aug 2013 22:56:00 GMT http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ 2013-08-26T22:56:00Z Yes - master insurance policy ... http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ Yes - master insurance policy on the building and on the contents. Mon, 26 Aug 2013 21:23:00 GMT http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ 2013-08-26T21:23:00Z Condo loans have to jump ... http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ Condo loans have to jump through two hoops. First the borrower has to qualify. Then the condo association has to qualify. The borrower has little or no control over the latter. The guidelines have tightened because lenders want to see a financially healthy condo development. They want to see a higher concentration of owner-occupants and they want to see that delinquency rates on condo fees are low. Tue, 02 Jul 2013 22:53:00 GMT http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ 2013-07-02T22:53:00Z It's required by the lender, ... http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ <p>It's required by the lender, but in the same time you need to have it as it will cover the interior of your unit, your personal property and your liability. You can get it for around $300 per year. Feel free to contact me for a quote.</p> Wed, 19 Jun 2013 16:58:00 GMT http://www.zillow.com/advice-thread/Buying-a-condo-does-your-lender-require-you-to-get-condo-insurance/497924/ 2013-06-19T16:58:00Z