Dan, As an addendum on your comments the insurance the mortgage company may get could only cover the structure and not the contents. It is also, mose likely, not going to be replacement cost either.
Should a major disaster strike Jennifer could still be liable for the difference between what the insurance company will pay and the mortgage is still owing. Cy, The Anasazi From: blindhandyman@yahoogroups.com [mailto:blindhandy...@yahoogroups.com] On Behalf Of Dan Rossi Sent: Tuesday, August 31, 2010 6:48 AM To: blindhandyman@yahoogroups.com Subject: Re: [BlindHandyMan] home owner insurance Jennifer, Is money a motivator for your husband? I believe you have a mortgage on your home. Mortgage companies won't allow you to go without insurance. Thus, if you can't get your own insurance, the mortgage company will sell you insurance and you won't be happy with how much they will charge you either. So, you are either going to have to spend some money on repairs, or you are going to spend money on very expensive insurance. Sorry to be a downer. -- Blue skies. Dan Rossi Carnegie Mellon University. E-Mail: d...@andrew.cmu.edu <mailto:dr25%40andrew.cmu.edu> Tel: (412) 268-9081 [Non-text portions of this message have been removed]
