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Wisconsin Statutes Insurance (Ch. 600 to 655) § 632.07. Prohibiting requiring property insurance in excess of replacement value

Current as of January 01, 2025 | Updated by Findlaw Staff

A lender may not require a borrower, as a condition of receiving or maintaining a loan secured by real property, to insure the property against risks to improvements on the real property in an amount that exceeds the replacement value or market value of the improvements, whichever is greater.

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Cite this article: FindLaw.com - Wisconsin Statutes Insurance (Ch. 600 to 655) § 632.07. Prohibiting requiring property insurance in excess of replacement value - last updated January 01, 2025 | https://codes.findlaw.com/wi/insurance-ch-600-to-655/wi-st-632-07/

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