Posted on: 22nd Mar, 2010 06:22 am
I closed on my house on 2/19/2010. The closing attorney sent a check to the home owners insurance company. I received a letter in the mail telling me they are going to cancel my home owner's on 4/10/2010 because they ran my credit report and it's not strong enough for them to insure my house. Have you ever heard of this??? What do I do about this since I have already closed and they have my money for a year's worth of insurance? This is crazy. What do I do now?????
Hi bettyhuck,
This is quite a strange situation. I would suggest you to contact your lender and the insurance company in order to sort out the issue. If the insurance company cancels the policy, I guess you may be able to claim the payments back from them. Also, your lender may ask you to take an homeowner's insurance from any other company.
Thanks
This is quite a strange situation. I would suggest you to contact your lender and the insurance company in order to sort out the issue. If the insurance company cancels the policy, I guess you may be able to claim the payments back from them. Also, your lender may ask you to take an homeowner's insurance from any other company.
Thanks