Liability Insurance Exclusions | Fannie Mae Multifamily Guide

Guide Update 25-05

: Liability Insurance Exclusions

Effective: 04/14/25

Print/Download Summary

Associated Documents:

Liability Insurance Exclusions (Redline).pdf

Summary of Changes:

HIGHLIGHTS
Effective for all Mortgage Loans as of April 14, 2025, updated Part II, Chapter 5: Property and Liability Insurance, Section 501.04: Liability Insurance.

Primary Change

Clarified liability insurance requirements specifying that coverage must be without exclusions.

Per Part II, Chapter 5: Property and Liability Insurance, Section 501.04: Liability Insurance, you must ensure each Property and Borrower is covered, without exclusions, throughout the Mortgage Loan term for

bodily injury,
Property damage, and
personal injury.

Questions

Please contact Jennifer Clements at (202) 752-5988, or [email protected], with any questions.