Banks who are issuing mortgages or loan refinances, will often request evidence of the Association’s master insurance policy. The Association has a master insurance policy which covers the buildings as well as restores the buildings back to the level of transition from the developer to homeowner. The master insurance policy covers such things as fire, water leaks, etc. Homeowners also need to get insurance, which is called an HO-6 policy which typically covers other aspects except the buildings.
Effective February 1, 2016, these requests are handled by EOI Direct
, who have partnered with the Association’s insurance agency, USI Insurance Services - formerly BHB Insurance Services.
Toll Free: 877-456-3643 [Monday through Friday, between the hours of 9AM and 8PM (EST)]
You can also make your request for evidence of insurance online through EOI Direct's website: www.eoidirect.com
The following information will be needed:
- Association Name
- Unit Owner Name/Purchaser Name
- Address of Unit
- Mortgage/Lender Name and Address (Mortgagee Clause)
- Loan Number
- Name and Fax, E-Mail, or Mailing Address of Recipient