Insurance professionals and mortgage lenders work very closely together. This episode walks you through one of the small hiccups we have to deal with from time to time. Sometimes the lenders ask us to insure the home for the value of the loan. Sometimes that means we are overinsuring the house because the insurance doesn’t cover the value of the loan. It covers the cost to repair or rebuild the house.
LINKS
Music by Roger Clyne and the Peacemakers
Simply Explaining Insurance on ITunes
Simply Explaining Insurance on Spotify.
On Android use Podcast Addict and search for Simply Explaining Insurance.
Podcast: Play in new window | Download
Subscribe: RSS