How are PML/HML's handling the insurance crunch?

[David C.]

I have a note in FL, borrower isn’t paying the insurance, too expensive, I guess.

Borrower is very abusive and uncooperative with loan servicing … I’ve given up trying to work things out with them. I don’t want to foreclose, with a low ltv I will get paid off one way or another at some point. I watch taxes and pay them just before tax sale. All my expenses get added to the loan balance of course.

I put forced place insurance for a while, but the premium isn’t covered by their monthly payment, so I cancelled FPI.

It's a first position loan with a 15% LTV … I'm not worried if the place burns down, I believe there will still be enough equity to cover the loan.

I don’t see my situation as a big problem, just wondering if others are having similar issues.