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Frequently asked questions

Are there any deductible requirements for homeowners insurance (HOI)?

The key requirement Better Mortgage and Better Cover have for homeowners insurance is that it covers the property’s replacement cost. Better Mortgage and Better Cover don’t have set deductible requirements for homeowners insurance, but Fannie Mae’s maximum allowable deductible is 5% of the face amount of the policy.

Discuss your options with a Better Cover insurance expert

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