answersLogoWhite

0


Best Answer

They would typically purchase their own insurance for you and charge you for it. The bank insurance is usually extremely expensive.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What can the mortgage company do if you don't have homeownes insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What if you dont have insurance?

If the law requires you to have insurance (Auto Liability) or someone else does (your mortgage company, your auto lender) you could be in hot water if you don't have it. Otherwise, you don't have to have insurance.


How can i get my policy number if i dont know what insurance company i have?

Contact your insurance agent.


How can you find out if a claim been cashed if you dont know the insurance company name?

you'll need to find out the insurance company name.


Does the AARP recommend a particular mortgage company for reverse mortgages?

They dont recommend any company or endorse reverse mortgage, they want you to have the information to make a good decision on less expensive loan alternatives.


Do you have to call your insurance company after an accident where your car has no damage?

no you dont. if you do not with to file a claim you do not have to report it no you dont. if you do not with to file a claim you do not have to report it


Can you receive financial compensation from your employer if you do not take your employer's health insurance?

Yes. A company may offer a credit if you decline insurance as long as you have other coverage. If you dont have other coverage you can't opt out of insurance if offered by your company


Does Aon Insurance offer discounts and are they reliable?

I dont know much about Aon insurance from news reports they are a reliable insurance company. They do offer discount to other insurance companies,bankers and brokers.


I have car insurance but police say i dont have car insurance?

You should have been given a proof of insurance card from your insurance company. Call them for it and if necessary present it to the judge, that should clear the matter up.


Can insurance company take money out of your account if they have your card details without your permission?

i dont think so


If you receive a fine for being caught in a bus lane do you have to report it to your insurance company?

no so dont you redneck


Is property insurance required if you dont have a mortgage?

That is completely up to the owner and the people of the household. One can do that they please and everyone has a different way of making their decisions on a subject like that.


Can you buy home insurance for a home you dont live in?

Yes. You can purchase insurance for a house you do not live in. You may not be able to use your present company or agent. Still, call your agent for more information. When one insurance company would not write insurance on a house for me, a friend told me about an agent who would.