🤔What are the Seven Required Data Fields for DSCR Loan Property Insurance Documentation Requirements?
➡️ The Seven Required Data Fields Include:
1️⃣Named Insured, which refers to the owner (or to-be owner) of the property and who is receiving the insurance.
2️⃣ Property Address, which is the address of the property being insured and must exactly match the address shown in the loan documents and the appraisal report
3️⃣Policy Number, which is is a unique identifier for the insurance contract.
4️⃣Coverage Dates, which are the insurance policy’s effective start and end dates.
5️⃣Coverage Amount, which is the total coverage limit for the property’s “improvements” (structures, not land).
6️⃣Deductibles, which are the portion of a claim the insured is responsible for paying out-of-pocket before insurance coverage applies.
7️⃣Mortgagee Clause, which is a standardized clause that names the lender (and its successors and/or assigns) as a party with a secured interest in the property

Guide to Property Insurance For DSCR Loans
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