Shelter Insurance
The following shelter insurance expenses are allowable:
● Fire insurance for the residence itself when billed separate from the mortgage. This includes mandatory fees billed by a rural fire department for fire protection.
NOTE Average fire protection mandatory fees over the number of months the bill is intended to cover, no matter how long the approval period is or when it started.
● Flood insurance for the residence itself.
● Vehicle insurance (comprehensive and collision) when the participant is living in the vehicle.
● Lenders Interest Coverage that is a required part of the insurance coverage on the property.
● Private Mortgage Insurance (PMI) required by the lender for protection in case of foreclosure.
● Homeowners insurance for the house itself.
● Rental insurance for the structure itself.
● Any portion of personal liability insurance that covers the structure.
The following insurance payments are not allowable:
● Disability insurance
● Death-Life insurance
● Rental insurance (when insuring furniture or personal belongings)
● Personal liability insurance that does not cover the structure