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Updated about 6 years ago,

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14
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0
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Peter J.
0
Votes |
14
Posts

Notification to mortgage lender when taking insurances

Peter J.
Posted

I am about to start the renovation of a house I own.

I'll take a builder's risk insurance to get insurance protections during the construction.

There is a mortgage on that house.

I'll have the mortgagee's name on the builder' risk insurance policy I'll take.


Question: Will the insurance provider for the builder's risk insurance notify the mortgage company of the insurance I am taking ?

Thanks.

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