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Re: Can Mortgage Lender take out it's own Buildings Insurance even though I have it?

  •  Mon, Aug 24 2009, 6:45 PM

    Re: Can Mortgage Lender take out it's own Buildings Insurance even though I have it?

    Blofeldt:

    Thanks Huckster,

    I'll respond to my lender accordingly and see if this ends the matter.

    Many thanks,

    B.

    I agree with Huckster. Although the matter won't be ended until you provide satisfactory proof that they have been noted on the policy. It's a mortgage condition for a reason. If anything happened to the structure they have a financial interest and therefore would require reimbursement.

    • Post Points: 20
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