Post #2789739

@pwarren@mastodon.thewarrens.name I know I'm responding late but yes that would be grounds for a foreclosure. However, usually the lending company will get their own insurance for the property if you lose yours, and they will add the premiums to your mortgage payment (escrow). But one thing you can count on is that the lender will not get you the most cost-effective insurance or the "most bang for your buck" either. The lender's concern is simply about preserving the collateral they have (your home) in your loan.