# Wis. Stat. § 632.07: Prohibiting requiring property insurance in excess of replacement value

> Wisconsin · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.07

## Section

- **Citation:** Wis. Stat. § 632.07
- **Heading:** Prohibiting requiring property insurance in excess of replacement value
- **Jurisdiction:** Wisconsin
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WI Code / Chapter 632 / Section 632.07

## Text

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.

History: 2007 a. 170 .

## Nearby sections

- [Wis. Stat. § 632.05 Indemnity amounts.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.05.md)
- [Wis. Stat. § 632.07 Prohibiting requiring property insurance in excess of replacement value.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.07.md)
- [Wis. Stat. § 632.08 Mortgage clause.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.08.md)
- [Wis. Stat. § 632.09 Choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.09.md)
- [Wis. Stat. § 632.10 Definitions applicable to property insurance escrow.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.10.md)
- [Wis. Stat. § 632.11 Residential contractors and postloss assignment of rights or benefits.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.11.md)
- [Wis. Stat. § 632.14 Bonds need not be under seal.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.14.md)
- [Wis. Stat. § 632.17 Validity of surety bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.17.md)
- [Wis. Stat. § 632.18 Rustproofing warranties insurance.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.18.md)
- [Wis. Stat. § 632.22 Required provisions of liability insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.22.md)
- [Wis. Stat. § 632.23 Prohibited exclusions in aircraft insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.23.md)
- [Wis. Stat. § 632.24 Direct action against insurer.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.24.md)
- [Wis. Stat. § 632.25 Limited effect of conditions in employer’s liability policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.25.md)
- [Wis. Stat. § 632.26 Notice provisions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.26.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.07. Check the current official text before relying on it. Not legal advice.