That's correct;  the mortgage company will make sure that you have insurance, 
as they need to protect their investment, and it's much more costly than your 
conventional insurance, thus driving up your monthly payment.

Claudia

  ----- Original Message ----- 
  From: Dan Rossi 
  To: blindhandyman@yahoogroups.com 
  Sent: Tuesday, August 31, 2010 7:47 AM
  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
  Tel: (412) 268-9081


  

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