This Article Is About The Importance Of Having Homeowners Hazard Insurance For Homeowners A home is most people’s single largest investment in their lifetime. Homeowners Hazard Insurance is mandatory by lenders on homes with a mortgage. Buying a home is an exciting process. Protecting your single biggest investment should be exciting as well. Unless you […]
All mortgage lenders require your to have homeowners insurance.
You choose your insurance company.
You are responsible for comparing premiums and selecting coverage.
Lenders have minimum coverage requirement to protect their interest in your property.
If you fail to keep your home insured while you have a mortgage, the lender can purchase forced place insurance. The premiums are very high, at least twice as high and normal coverage. And you’ll have to pay for it until you re-establish your own coverage.
This Article Is About Homeowners Insurance Deductibles And How It Works Homeowners Insurance Deductibles use to be straight forward and simple: It was the dollar amount stated in your homeowner’s insurance policy that you’d pay out of pocket prior to any insurance coverage kicking in For example, let’s say you had a leak and your […]
This Article Is About Property Homeowners Insurance Property Homeowners Insurance is mandatory on all homes that are mortgaged with lenders. Lenders require homeowners insurance in the event the property gets damaged due to fire and/or other hazards. The home is the lender’s collateral and needs to be insured. Lenders require property homeowners insurance This is […]
This Article Is About Homeowners Insurance Mortgage Guidelines For Home Buyers Homeowners who have a mortgage on their homes will require homeowners insurance. All lenders require homeowners insurance on homeowners if they have a balance on their mortgage loan This is because lenders need to protect their interest in the event of a fire and/or […]
This Article Is About California Wildfires Affect Californians From Getting Insurance The frequent California Wildfires is affecting homeowners to get homeowners’ insurance. Existing homeowners are experiencing skyrocketing premiums of their homeowners’ insurance. Many homeowners cannot get insurance after the California Wildfires. More than 350,000 Californians cannot get business and homeowners property and casualty insurance after […]
This article is about Homeowners Insurance Requirement By Lenders For Mortgages Homeowners insurance requirement by lenders protects the homeowners and lenders. HOI protects owners and lender from damages to homes such as fire damage and other disasters. Every home buyer who is purchasing a home or a homeowner who is refinancing their home has mandatory […]
This BLOG On Insurance Claim By Policyholders Often Yields An Increase Of Premium Was UPDATED On October 23rd, 2018 If I have a claim will my insurance premium skyrocket? Well that is a trick question On the average I would say, yes Let me talk to those whose premiums will go up and have gone up […]
This ARTICLE On Rashad Carmichael Of The Insurance Plaza Discount Insurance Was PUBLISHED On October 21st, 2020 Rashad Carmichael @The Insurance Plaza is an amazing insurance agent/broker of insurance products and he is an excellent advisor in his role as a wealth manager. Finding the best insurance is more than finding the best price but […]