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Updated over 5 years ago on . Most recent reply

Nic S.'s profile image
Nic S.'s profile image
Nic S.
  • from Danville. CA
  • Member since Nov 28, 2017
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Nic S.'s profile image
Nic S.'s profile image
Nic S.
  • from Danville. CA
  • Member since Nov 28, 2017
Connect
Nic S.
  • Danville. CA
217
Votes |
308
Posts
Insurance

Hazard Insurance required by lender

Nic S.
  • Danville. CA
Posted

My lender is requiring I carry Hazard insurance on my investment property.  They are asking the policy equal the 'unpaid principle of of the mortgage' which would be $90k. 

Is this normal? How much would the monthly premium cost? I have placed an inquiry into my Insurance guy but if you have any recommendations to companies/brokers that would be super helpful! Thank you  

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