Jun 22, 2022
What Happens to Your Mortgage If You Lose Your Homeowners InsuranceA mortgage is a legal and binding contract that is full of stipulations. One of which is to make sure all of your payments are made on time. Another stipulation is that you carry a homeowners insurance policy that will cover the cost of your mortgage if your home is ever damaged or destroyed. If you...
May 18, 2022
How Do Insurance Companies Pay Homeowners Insurance Claims?Homeowners' insurance claims payout periods vary depending on your state and insurance company’s requirements. However, the process of settling claims typically follows certain procedures. Here is a look at how a claim is assessed and paid. How Is Damage Assessed During a Claim? Once you file a claim...
