Question Details

Dtinvestor, Home Owner in New York, NY

Ho-6 requirement?

Asked by Dtinvestor, New York, NY Sun Jun 17, 2012

We are buying a condo in downtown manhattan, and were asked to purchase ho-6 policy covering 20 % of the appraised value. Roughly how much is the annual premium per $100K value? Also, do people ever buy more (than 20%)? Thamks.

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Rob Weber’s answer
This kind of goes without saying but call your I insurance agent immediately and pepper them with your questions because your situation will dictate the answers you'll receive. Good luck!
0 votes Thank Flag Link Sun Jun 17, 2012
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