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 __________ Information from ESET Smart Security, version of virus signature database 5408 (20100830) __________ The message was checked by ESET Smart Security. http://www.eset.com __________ Information from ESET Smart Security, version of virus signature database 5419 (20100902) __________ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]