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Not sure of your question because I believe you made a spelling error but, Some mortgages include the payment for the insurance on the property. Most times this is called PMI (Personal Mortgage Insurance) It protects both you and the bank if something happens to the property or YOU and the mortgage can not be paid.
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∙ 11y ago
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Is a bank draft needed to purchase home insurance?
A bank draft is your choice of paying for the insurance, you don't necessarly have to pay your insurance through your bank, there is several different payment methods.
When the bank forecloses are you responsible for paying for home hazard insurance?
When the bank takes possession of the house after the foreclosure process is complete, then you can cancel the hazard insurance for your home. It is wise to keep it going should anything unforeseen happen to the house, since you could end up owing more.
Do you need to keep paying for home insurance when your home is being sold due to foreclosure?
Yes, you need/should keep paying for the insurance until you are not on the title anymore.
What are some of the benefits offered by Home State Bank?
There are several benefits offered to the employees of Home State Bank. The company's benefit package includes medical insurance, dental insurance, life insurance, and disability insurance.
Does Amco insurance sell medical insurance?
Yes, Amco does have both home and medical. It makes paying for insurance much easier.
What kinds of bank accounts are available at State Farm Bank?
State Farm is not a bank and does not offer bank accounts. State Farm is an insurance company and can help you to get various kinds of insurance products such as automobile or home insurance.
Does house insurance cover a mortgage if the holder dies?
NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.
Where can one find Halfix home insurance?
Halifax home insurance policies can be found in the United Kingdom. They can be purchased through Halifax Bank at any branch of the bank in the United Kingdom.
What is pmi insurance?
PMI is a type of mortgage insurance that insures the bank for repayment of the home mortgage. Banks generally make you pay for PMI insurance if you are within 80% of the appraised value of the home financed. For example if you have a home that is appraised at $200,000 and the balance on the mortgage is $160,000 or more then the bank will require you to carry PMI insurance. PMI insurance only covers the bank but the homeowner is the one who has to pay the premium.
When your wife bought her home back in the seventys she said she had insurance to pay off the home on her death is that possible?
It is if she maintained the insurance over the years by paying the premium if not escrowed.
Where can someone go to get insurance for a condo home?
Condo insurance is available as a specialist type of home insurance from most mainstream home insurance providers. Some well known examples are State Farm, Bank of America and GEICO.
What are some of the serviced provided by Yorkshire Bank?
Some services provided by Yorkshire Bank are loans, mortgages, travel insurance, home insurance, car insurance and many more. The Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire.
