Notice of Cancellation for Property Insurance

The following requirements apply to individual property insurance policies maintained by the borrower and do not apply to master property insurance policies for project developments.

The following table provides the requirements for notice of cancellation on property insurance policies.

One- to four-unit properties	The property insurance policy must provide for written notice to the named insured and mortgagee(s) before the insurer can cancel the policy.
Individual units in a project development	The property insurance policy must provide for written notice to the named insured and mortgagee(s) before the insurer can cancel the policy.