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re: Anyone get a check from Louisiana Insurance Guaranty Assoc (for United Prop Ins mess) ?

Posted on 7/24/23 at 7:45 pm to
Posted by DevilDagNS
Member since Dec 2017
2701 posts
Posted on 7/24/23 at 7:45 pm to
quote:

Does the mortgage company replace the coverage with a functional company? I’m just trying to know if I need to find a new insurer or not



The mortgage company will "force place" property coverage on the dwelling only to protect the outstanding balance on your loan. That is not to cover you or your stuff if something happens. It is the mortgage company's policy, not yours. But you will still pay for it.
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