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In every condominium and co-operative and even townhome communities there is a master insurance policy. Each association requires a certain level of insurance. The Lender requires proof of this Master Policy . Further the coverage must be consistent with the legal requirements. The buyer’s lender has a form that is completed by the Home Owner’s Association regarding this policy. This master policy may not cover your personal loss.
Lynnsy Logue Real Estate 408 Wilby Drive, Charlotte, NC 28270 704-651-4433
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