Fidelity/Crime Insurance Requirements for Properties in a Project

Determining if Fidelity/Crime Insurance is Required

Fidelity/crime insurance is required for all condo projects with the following exceptions:

• condo projects reviewed under the Limited Review method as described in Limited Review Process section,

• condo projects consisting of 20 units or less, or

condo projects that would need fidelity/crime insurance coverage of $5,000 or less (based on the calculations described in Determining the Required Coverage Amount).