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can you double insure a house in the state of texas

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Guest	Posted: Mon Oct 25, 2010 7:42 am    Post subject: can you double insure a house in the state of texas Like 0 Dislike 0 I've been owner financing, found out the people still are financing at the bank, so therefore, they carry insurance, but they insist I get my own insurance, this is Texas, is it legal to double insure
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Tue Oct 26, 2010 3:12 am    Post subject: Like 0 Dislike 0 If there is already a mortgage on the property, then the owner shouldn't go for an owner financing. The lender will consider such a financing as fraudulent and can call the loan due immediately. Moreover, I haven't heard of double insurance on an owner financed home. _________________ Good is the Enemy of Great.

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