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robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

One of my friend got a notice that his Home owner's Hazard Insurance has been canceled.

His lender force-placed hazard insurance with a different company and it costs a lot more. Can a lender do this ?

Niicss · Posted: Wed Jun 10, 2009 2:20 am Post subject:

Hi robertsmith

The lender has the right to ask a borrower to go for a hazard insurance. I guess the insurance company canceled the insurance for the non-payment of the premiums. In my opinion, the lender has the right to force a borrower for a hazard insurance.

Thanks.

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