Named Insured for Property and Flood Insurance

The following table provides the requirements for the named insured on property and flood insurance policies.

One- to four unit properties	The individual property or flood insurance policy must name all persons holding title to the subject property as named insured to ensure the borrower(s) has full rights to the policy and Homium’s interest or ability to receive benefits is not impaired.
Individual units in a project development	The individual property or flood insurance policy must name all persons holding title to the subject property as named insured to ensure the borrower(s) has full rights to the policy and Homium’s interest or ability to receive benefits is not impaired.
Condo projects	The master property or flood insurance policy must designate the HOA as the named insured. If the condo's legal documents permit it, the master property or flood insurance policy can specify an authorized representative of the HOA, including its insurance trustee, as the named insured.
PUD projects	The master property or flood insurance policy must designate the HOA as the named insured.