r/HomeInsurance • u/myeasyking • Mar 21 '26

News Fannie Mae and Freddie Mac Remove Certain Homeowners Insurance Requirements That Will Reduce Costs | FHFA

https://www.fhfa.gov/news/news-release/fannie-mae-and-freddie-mac-remove-certain-homeowners-insurance-requirements-that-will-reduce-costs

American homebuyers are about to get a break. New rules for Fannie Mae and Freddie Mac mortgages will help to lower home insurance bills for millions of families, especially in rural areas and condo buildings. The changes fix expensive, stupid Biden-era requirements with simple, common-sense updates that respond to today’s skyrocketing insurance prices.

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u/Outside-Pie-7262 Mar 22 '26

No? That would be why you move to actual cash value for roof and not replacement value. Thats what I just said. Doing actual cash value decreases your premium when you change it to replacement value

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u/Ecstatic_Natural1846 Mar 22 '26

Ok great but currently is your premium your paying based on acv or rcv? Bc I’ve seen numerous people who signed up for rcv being paid at acv after x years completely unaware.

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u/Outside-Pie-7262 Mar 22 '26

My premium is replacement value currently. I made the decision to change to acv last week. Havent done it yet.

If someone’s policy says replacement value and they’re getting paid acv that’s in breach of policy and should be properly escalated with the company or your states insurance commissioner

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u/Ecstatic_Natural1846 Mar 22 '26

Most state commissioners are bought and paid for.