homeowners dues foreclosure
Will they drop my Homeowner’s insurance policy?
I have two homes, insured by the same company. One of the homes will soon be in foreclosure (due to unforeseen circumstances). Will they drop the homeowner’s insurance policy on my other home (I am up-to-date on that one)? Will they increase my rate?
When you no longer own the home, be sure that you are the one who cancels the homeowner’s insurance. Let them know you don’t own the property anymore and don’t need the insurance.
Hope they don’t check your credit. If they do your rate will go up (people with bad credit make more claims and are therefore more expensive to insure).
good luck!
