 fabianoporta
Joined: 27 Feb 2009
Posts: 11
4.17 Dollars($)
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 Posted: Tue Oct 27, 2009 10:25 am Post subject: HO-6 Insurance for FHA |
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Hello,
Before I close my financing, FHA required from me for a HO-6 insurance.
I've contacted an Insurance broker introduced by my loan broker.
She gave me a price of US$400.00 for this insurance but today, I received the policy from Citizens Insurance asking me to pay more US$266.00.
My question:
If I cancel the HO-6 insurance will I have any problem with FHA or something? I just contacted this insurance because was FHA mandatory. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Tue Oct 27, 2009 11:36 pm Post subject: |
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Hi fabianoporta!
Welcome to forums!
The HO-6 condo insurance will help you cover losses to any of your personal property or any structure that you own. If you plan to change your insurer, you should inform the lender about it. If he has any objections to it, he would let you know.
Feel free to ask if you've further queries.
Sussane |
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