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Updated about 5 years ago on . Most recent reply

Alex Cabej's profile image
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Alex Cabej
  • Member since Jan 29, 2020
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Alex Cabej's profile image
Alex Cabej's profile image
Alex Cabej
  • Member since Jan 29, 2020
Connect
Alex Cabej
1
Votes |
9
Posts
Insurance

Homeowners Insurance Query

Alex Cabej
Posted

I noticed my hoi coverage is for more than my mortgage on the house.  Before I contact my insurance to lower my coverage and pay a smaller premium, I don't want to sound foolish.  So I want to check first, can my mortgage company mandate that I have coverage for more than the actual amount of the mortgage itself?

I intend to use the savings of smaller coverage to gift to the super.

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