The mortgage people will cover their risk no fear. The insurance will be enough
to recover any outstanding mortgage and little more.
----- Original Message -----
From: Cy Selfridge
To: blindhandyman@yahoogroups.com
Sent: Tuesday, August 31, 2010 8:52 AM
Subject: RE: [BlindHandyMan] home owner insurance
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
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