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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 Bout_Dat_Lyfe
Posted on 7/24/23 at 7:45 pm to Bout_Dat_Lyfe
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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