GroundRules
Wis. Stat. § 632.07: Prohibiting requiring property insurance in excess of replacement value.
Where this section sits in the code
- Chs. 600-655, Insurance
- Chapter 632 Insurance Contracts In Specific Lines
- SUBCHAPTER I FIRE AND OTHER PROPERTY INSURANCE
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.
Collected 2026-09-05T12:01:31Z. Source file · JSON