No,PMIor private mortgage insurance has nothing to do with house insurance. A home insurance policy is different from mortgage insurance that only protects the lender against the homeowner’s failure to pay. Mortgage insurance is normally required when the borrower is unable to pay a 20% down p...
What is hazard insurance? Frequently asked questions If you have a mortgage, you can choose to have your lender pay your homeowners insurance bill through yourescrow account. Otherwise, you’ll have to pay the bill yourself. Depending on your insurance company, you may be able to divide your ...
This CLE webinar will discuss complex issues surrounding insurance coverage for damages related to breach of contract claims and the "Eaton Vance" rule. The panel review the "moral hazard" concerns used to justify the rule and whether the Eaton Vance rule goes further than necessary to protect ...