Submit Insurance Changes or Renewals

EDF is required to have a current copy of each borrower’s hazard insurance on the building and/or business personal property such as equipment. We also ask that your insurance agent include the following information on the proof-of-insurance certificate:

  • Borrower’s name, loan number, property address, policy number and expiration date.
  • The following verbiage must appear on the ACORD: “Full Replacement Cost” and “10-day written notice of cancellation”
  • CDC and SBA named as 2nd Mortgagee and/or Loss Payee as follows:

2nd Mortgagee and Loss Payee
Economic Development Foundation
1345 Monroe NW, Suite 132
Grand Rapids, MI 49505

Please send proof of insurance to Laura Seromik at [email protected] or you may fax the information to (616) 458-5736.
If you have questions, please call our office at (616) 459-4825.