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re: Is Flood Insurance with State Farm transferable?
Posted on 6/28/15 at 9:51 pm to lsulaker
Posted on 6/28/15 at 9:51 pm to lsulaker
Not sure, but I think the reason they want a transfer on the flood insurance , because I think there is a waiting period when you buy a new policy, and being we are in hurricane season combined with El Niño flooding rain, I am guessing the lenders want a policy in place immediately and not one with a waiting period. If so I am sure this is a regular occurrence nd should not be a problem
Bay the way, I m making this shite up s I go so don't count on ny of it actually being true
Bay the way, I m making this shite up s I go so don't count on ny of it actually being true
Posted on 6/29/15 at 1:05 pm to Tigerpaw123
there is a waiting period on a new policy, but not if you are buying a home. the new policy takes effect on the date of the closing, or so I was told today by my mortgage company
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