There has been a significant increase in a number of different types of fraud in the last several years, and experts …
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homeowners insurance
Fannie Mae has just announced a new rule that is important to anyone who owns a condominium, townhome, or a unit in a Planned Unit Development (PUD). In the case of a single family detached residence, your basic insurance policy covers everything, but that’s not true in the case of a condos and similar properties.
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If home values are really tanking where you live, you may be tempted to reduce the amount of coverage on your homeowner’s policy. Even when real estate was still going strong, you probably felt you were over-paying. And according to the Consumer Federation of America (CFA), you were!
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