All Forum Posts by: Matt F.

 Jason, 

Thanks again for the reply, but still not sure I full get what you are saying. It seems like you mean its standard practice for them to send updated info, but not to send a list of all insurance policy forms? I'm not sure I see the difference between updated info and all the insurance policy forms? If they are sending updated info then wouldn't that include all of the policy info?

 Thanks for the response Jason, is it standard practice to not send that information? Would it raise any red flags on the insurance companies side if I ask them to not send it to the mortgage company?

Hi All,

I currently own two rental properties. The first was financed as an investment property and set up with the insurance company as an investment property. The second I had trouble finding a bank to lend, so it was set up as an owner occupent. I did live in the property for 3 months, but have rented it out since then. The issue I have is the insurance policy on the second property is still under owner occupant.

There is an HOA which covers the property replacement costs in the event of a fire, ect but it does not cover liability. The current policy I have throught the insurance company covers liability but only for the owner. I would have no problems switching it over, but I am worried the bank will call the loan due. What are my options here? Can I ask that the insurance company does not tell the mortgage company that I have switched the policies?

Thanks for the help