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Updated over 6 years ago on . Most recent reply

User Stats

57
Posts
11
Votes
Surendra Chawla
  • Singapore, Singapore
11
Votes |
57
Posts

Insurance company for backdated hazard insurance

Surendra Chawla
  • Singapore, Singapore
Posted

Hi

I have a SFH property in Portland, OR that's rented out. I changed my insurance company from Foremost to Statefarm and ended up having a gap period from 10th to 27th June, 2018 without insurance. Mt mortgage company is now saying that I need to have insurance at all times and telling me that they will buy insurance on their own for this period if i cant show them proof that i had insurance during this time. How can one buy insurance for a period that's in the past? Also, there hasn't been any claim, so the mortgage company is not exposed to any risk...i don't understand this. Are there any companies that do backdated insurance?

Cheers,

Suren

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