Tag Archives: mortgage

What Is Force-Placed Insurance Coverage?

14 May
What is Forced-Placed Insurance Coverage?

Tucked away in your mortgage, hidden in the small print, is a little surprise that could cost you big, but only if you fail to keep your homeowners insurance premiums up to date. Every mortgage ever written specifies that the homeowner must carry homeowners coverage in certain dollar amounts. In most cases the house must […]

Do you need a homeowners policy in force to close on a house?

02 May
Real Estate closing and homeowners insurance coverage.

The day that you close on a new house is unforgettable. It’s always exciting and a bit nerve wracking. At the end of the day you will get the keys to your dream house, but before that happens there are tons of papers to initial and sign as well as dozens of things to arrange. […]