B-2-01, Property Insurance Requirements Applicable to All Property Types (08/12/2026)

This topic describes additional requirements only applicable to servicers.

Refer to Selling Guide B7-3-01, General Property Insurance Requirements for All Property Types for general property insurance requirements, including

• property insurer rating requirements, 
• exceptions to insurer rating requirements, and
• other exceptions to property insurance requirements.

Refer to Selling Guide B7-3-07, Evidence of Property Insurance for information on evidence of property insurance.

Also, see Acceptable Evidence of Master Insurance Policies in B-2-03, Master Property Insurance Requirements for Project DevelopmentsB-2-03, Master Property Insurance Requirements for Project Developments.

The servicer must have policies and procedures in place to ensure that required property insurance is continuously maintained on the subject property. The following table lists the servicer’s responsibilities applicable to all first lien mortgage loans owned or securitized by Fannie Mae unless otherwise noted.

The following table lists the servicer’s responsibilities applicable to all second lien mortgage loans owned or securitized by Fannie Mae.