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Updated about 6 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
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.

Most Popular Reply

User Stats

123
Posts
80
Votes
Casey J Burkhead
  • Insurance Agent
  • Beaver Falls, PA
80
Votes |
123
Posts
Casey J Burkhead
  • Insurance Agent
  • Beaver Falls, PA
Replied

If they are listed as mortgagee on the policy with their address then yes they will be sent a copy of the policy through mail. 

  • Casey J Burkhead
  • Loading replies...