Coverage requirements

HUD | MAP

Habitational95% completeness
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Last updated August 2026 · Maintained and reviewed by the Advocate Insurance Consultants coverage research team.

Overview

What an adequately protected HUD | MAP program looks like

Every HUD/FHA Multifamily Accelerated Processing (MAP) insurance requirement for multifamily and commercial real estate lending, gathered into one profile that spans all seven eligible asset types. Drawn from the MAP Guide standards that FHA-approved lenders apply on programs such as 223(f) acquisition and refinance and 221(d)(4) new construction and substantial rehabilitation. This profile serves to validate coverage on an active HUD/FHA MAP deal or to benchmark an existing program against full agency standards.

Key takeaways

  • Spans 267 published requirements across 18 coverage type-peril pairs.
  • Applies to 4 asset types: Cooperative Corporation, Management Company, Mobile Home Park, Multi Family.
  • Covers 8 coverage types and 7 distinct perils.

At a glance

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Requirements
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Coverage types
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Perils
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Asset types

Completion score

0%

7 of 18 WIM pairs required

Coverage tower

Required limits by coverage type and peril

Property3 coverage types

Physical

Boiler & Machinery$100K
Named Storm≥ RCV of Existing Structure / Insurable Value
Overall limit≥ RCV of Existing Structure / Insurable Value
EarthquakePer policy
FloodPer policy
Mine SubsidencePer policy
SinkholePer policy
Wind HailPer policy

Business Income

Flood≥ Business Income Amount
Named Storm≥ Business Income Amount
Overall limit≥ Business Income Amount

Ordinance or Law

Overall limit≥ RCV of Existing Structure / Insurable Value
Liability3 coverage types

Auto Liability

Overall limit$1M

Employer's Liability

Overall limit$1M

General Liability

Overall limit$2M

Requirements

Full requirement set for HUD | MAP

Every requirement in the Advocate standard, 267 rows across limits, deductibles, carrier rating, and presence checks. Search and filter to drill in.

Group
Type
Peril

Showing 50 of 267 matching · 267 total

RequirementPerilRequirement typeApplicabilityRequirement
Property › Business IncomeConfirm if Business Income is Included In Blanket LimitOverallDeductibleBlanketConfirm if Business Income is Included In Blanket Limit.
Property › Business IncomeConfirm if Business Income is Included In Blanket LimitOverallDeductibleBlanketConfirm if Business Income is Included In Blanket Limit.
Property › Business IncomeConfirm if Business Income is Included In Blanket LimitOverallDeductibleBlanketConfirm if Business Income is Included In Blanket Limit.
General › AllDo Not Allow for Premium FinancingOverallOtherAllInsurance that is Premium Financed is not accepted.
General › AllDo Not Allow for Premium FinancingOverallOtherAllInsurance that is Premium Financed is not accepted.
General › AllDo Not Allow for Premium FinancingOverallOtherAllInsurance that is Premium Financed is not accepted.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
Property › AllPrevent Coinsurance Trigger [coinsuranceAllowedWithAgreedValueEndorsement]OverallOtherAllIf the policy has coinsurance an Agreed Value Endorsement will be required
Property › AllPrevent Coinsurance Trigger [coinsuranceAllowedWithAgreedValueEndorsement]OverallOtherAllIf the policy has coinsurance an Agreed Value Endorsement will be required
Property › AllPrevent Coinsurance Trigger [coinsuranceAllowedWithAgreedValueEndorsement]OverallOtherAllIf the policy has coinsurance an Agreed Value Endorsement will be required
Liability › AllRequire ACORD 25OverallOtherAllAll liability coverages must be provided on an ACORD 25 form.
Liability › AllRequire ACORD 25OverallOtherAllAll liability coverages must be provided on an ACORD 25 form.
Liability › AllRequire ACORD 25OverallOtherAllAll liability coverages must be provided on an ACORD 25 form.
Property › AllRequire ACORD 28OverallOtherAllThe property coverage must be provided on an ACORD 28 form.
Property › AllRequire ACORD 28OverallOtherAllThe property coverage must be provided on an ACORD 28 form.
Property › AllRequire ACORD 28OverallOtherAllThe property coverage must be provided on an ACORD 28 form.
General › AllRequire Broker Signature on Binding DocumentsOverallOtherAllInclude agent's signature on document.
General › AllRequire Broker Signature on Binding DocumentsOverallOtherAllInclude agent's signature on document.
General › AllRequire Broker Signature on Binding DocumentsOverallOtherAllInclude agent's signature on document.
General › AllRequire Carrier Cancellation NoticeOverallOtherAllIndicate "30 day notice of cancellation except 10 days for non-payment to the lender" on ACORD(s) and/or insurance documents.
General › AllRequire Carrier Cancellation NoticeOverallOtherAllIndicate "30 day notice of cancellation except 10 days for non-payment to the lender" on ACORD(s) and/or insurance documents.
General › AllRequire Carrier Cancellation NoticeOverallOtherAllIndicate "30 day notice of cancellation except 10 days for non-payment to the lender" on ACORD(s) and/or insurance documents.
Property › Fidelity BondRequire HUD as Joint Loss Payee OverallOtherAllHUD must be marked as Joint Loss Payee with regard to the Fidelity Bond Coverage.
Property › Fidelity BondRequire HUD as Joint Loss Payee OverallOtherAllHUD must be marked as Joint Loss Payee with regard to the Fidelity Bond Coverage.
Property › Fidelity BondRequire HUD as Joint Loss Payee OverallOtherAllHUD must be marked as Joint Loss Payee with regard to the Fidelity Bond Coverage.
Property › Fidelity BondRequire HUD as Joint Loss Payee OverallOtherAllHUD must be marked as Joint Loss Payee with regard to the Fidelity Bond Coverage.
General › AllRequire Insurance Broker DetailsOverallOtherAllBound proof of insurance must include the insurance broker's details: insurance brokerage name, broker name, email, phone number, and brokerage mailing address.
General › AllRequire Insurance Broker DetailsOverallOtherAllBound proof of insurance must include the insurance broker's details: insurance brokerage name, broker name, email, phone number, and brokerage mailing address.
General › AllRequire Insurance Broker DetailsOverallOtherAllBound proof of insurance must include the insurance broker's details: insurance brokerage name, broker name, email, phone number, and brokerage mailing address.
Property › AllRequire Lender as Loss PayeeOverallOtherAllLender must be marked as Loss Payee. ({case.lossPayeeClauses})
Property › AllRequire Lender as Loss PayeeOverallOtherAllLender must be marked as Loss Payee. ({case.lossPayeeClauses})
Property › AllRequire Lender as Loss PayeeOverallOtherAllLender must be marked as Loss Payee. ({case.lossPayeeClauses})
Property › AllRequire Lender as MortgageeOverallOtherAllLender must be marked as Mortgagee. ({case.mortgageeClauses})
Property › AllRequire Lender as MortgageeOverallOtherAllLender must be marked as Mortgagee. ({case.mortgageeClauses})
Property › AllRequire Lender as MortgageeOverallOtherAllLender must be marked as Mortgagee. ({case.mortgageeClauses})
Liability › General LiabilityRequire Liability Limit Applied Per LocationOverallOtherMultilocationThe Aggregate Limit of Liability must apply on a per location basis.
Liability › General LiabilityRequire Liability Limit Applied Per LocationOverallOtherMultilocationThe Aggregate Limit of Liability must apply on a per location basis.
Liability › General LiabilityRequire Liability Limit Applied Per LocationOverallOtherMultilocationThe Aggregate Limit of Liability must apply on a per location basis.
General › AllRequire Management Company as Named InsuredOverallOtherAllIs The Management Company Indicated As Named Insured must be equal to {requiredValue}.
Liability › General LiabilityRequire Policy Form Basis - General LiabilityOverallOtherAllGeneral Liability Policy Form Basis must be on a Per Occurrence Basis. Claims Made Basis is permitted if combined with Professional Liability.
Liability › General LiabilityRequire Policy Form Basis - General LiabilityOverallOtherAllGeneral Liability Policy Form Basis must be on a Per Occurrence Basis. Claims Made Basis is permitted if combined with Professional Liability.
Liability › General LiabilityRequire Policy Form Basis - General LiabilityOverallOtherAllGeneral Liability Policy Form Basis must be on a Per Occurrence Basis. Claims Made Basis is permitted if combined with Professional Liability.
Property › Business IncomeRequire Special Coverage Form [businessIncome]OverallOtherAllThe Business Income must be on a Special Form.
Property › Business IncomeRequire Special Coverage Form [businessIncome]OverallOtherAllThe Business Income must be on a Special Form.
Property › Business IncomeRequire Special Coverage Form [businessIncome]OverallOtherAllThe Business Income must be on a Special Form.
Property › PhysicalRequire Special Coverage Form [property]OverallOtherAllThe Building Coverage must be on a Special Form.
Property › PhysicalRequire Special Coverage Form [property]OverallOtherAllThe Building Coverage must be on a Special Form.

217 more requirements

Endorsement requirements like these are explained in our guides to the additional insured endorsement and the waiver of subrogation.

Compliance

Who requires HUD | MAP

  • The MAP Guide sets the insurance conditions that FHA-approved MAP lenders underwrite and that HUD reviews before endorsement of a multifamily mortgage.
  • Responsibility runs across the deal: borrowers and mortgagors carry and renew the coverage, HUD and the lender are named on the required mortgagee and loss-payee forms, servicers and asset managers monitor evidence and annual certificates, and brokers placing FHA multifamily business structure programs to MAP standards.
  • On 221(d)(4) construction and substantial rehabilitation deals, builder's risk and related course-of-construction coverages are verified before initial endorsement, while 223(f) acquisition and refinance deals confirm permanent property and liability at closing.
  • Acceptable insurance is a condition of initial and final endorsement and of ongoing HUD oversight, so a gap can delay endorsement or trigger a compliance finding.
  • The standards apply across all seven eligible habitational asset types.

Carrier standard. Carrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.

Advocate runs these checks automatically for the brokers who place habitational coverage.

Exclusions

What HUD | MAP does not cover

  • The MAP Guide centers on property, rent loss, builder's risk, and core liability.
  • Several lines a HUD borrower may still need are not mandated and warrant separate evaluation: Exclusion from the MAP requirement set does not mean the exposure is absent.
  • These remain gaps a mortgagor may need to close based on operations, construction activity, and site conditions.

Risk advisory

Typical coverage gaps in Habitational

Deficiencies surface most often around valuation, time element, and HUD-specific forms.

  • Property should be verified as written at replacement cost with an agreed value or coinsurance waiver, ensuring recovery is not eroded by a coinsurance penalty.
  • Rent loss or business income should carry an adequate indemnity, generally 12 to 18 months, to protect debt service during restoration.
  • On 221(d)(4) transactions, verify builder's risk on a completed-value basis with the correct soft-cost and delay provisions before initial endorsement.
  • Check flood for improvements in a Special Flood Hazard Area at NFIP limits plus excess, named storm and wind or hail deductibles within acceptable percentages, earthquake where the probable maximum loss warrants it, ordinance or law for older or non-conforming buildings, boiler and machinery for centralized systems, and a documented terrorism election under TRIPRA.
  • Above all, confirm HUD is named on the required mortgagee and loss-payee endorsements and that certificates match the lender-required forms.

FAQ

Frequently asked questions

What insurance does HUD require for multifamily MAP loans?

HUD MAP requires full replacement-cost property coverage, rent loss or business income insurance, ordinance or law, and commercial general liability. Flood, named storm, wind or hail, earthquake, boiler and machinery, and terrorism coverage are required where location or building systems create the exposure. On construction deals, builder's risk applies, and HUD must be named on the required mortgagee and loss-payee forms.

What are the insurance requirements for a HUD 221(d)(4) loan?

A HUD 221(d)(4) construction or substantial rehabilitation loan requires builder's risk on a completed-value basis with appropriate soft-cost and delay coverage, verified before initial endorsement, alongside general and other liability during construction. As the project stabilizes, permanent replacement-cost property, rent loss, and catastrophe coverages must be in place, all reflecting HUD as mortgagee and loss payee.

What are the insurance requirements for a HUD 223(f) loan?

A HUD 223(f) acquisition or refinance loan requires permanent replacement-cost property coverage, rent loss or business income insurance, ordinance or law, and commercial general liability confirmed at closing. Flood insurance is required in a Special Flood Hazard Area, and named storm, wind, earthquake, boiler and machinery, and terrorism apply based on the property's location and systems.

Does HUD require flood insurance on multifamily properties?

Yes. HUD MAP requires flood insurance for improvements in a FEMA Special Flood Hazard Area, at least equal to the outstanding balance or the maximum NFIP coverage available, whichever is less, with excess flood added where NFIP limits fall short. Coverage must remain in force for the life of the loan and be evidenced on HUD-required forms.

Does HUD have to be named on the insurance policy?

Yes. HUD MAP requires that HUD and the FHA-approved lender be named on the mortgagee and loss-payee endorsements on all applicable policies. Certificates must match the lender-required forms, be renewed without lapse, and be submitted for HUD review, since acceptable evidence of insurance is a condition of endorsement and ongoing oversight.

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About this coverage standard

This profile is maintained by the Advocate Insurance Consultants coverage research team, which maintains the Coverage Library benchmarks against the World Insurance Model taxonomy and reviews each standard against live market placements. It is general guidance, not legal or coverage advice. Verify requirements against the actual policy and contract.

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