Heavy Rain? Be on the Lookout for Heavy Damage

Rain

Your home protects you from the elements, but heavy rains can weaken that protection. With a little maintenance and a lot of vigilance, it’s not hard to stay safe and dry. Spring rainstorms are a fact of life in many areas of the country, and they help keep things green, even if they keep you […]

What Is Insurance?

What is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage […]

Property Insurance Requirements for Mortgage Loans

FNMA

https://www.fanniemae.com/content/guide/servicing/b/2/02.html Determining Minimum Coverage Amounts Coverage must equal the lesser of 100% of the insurable value of the improvements, as established by the property insurer; or the UPB of the mortgage loan (or, if the mortgage loan is a second lien mortgage loan, the combined UPB of the first lien and second lien mortgage loans), […]

Determining Property Insurance Coverage Amounts

FNMA

https://www.fanniemae.com/content/guide/servicing/f/1/02.html Determining Property Insurance Coverage Amounts The servicer must ensure that the property insurance coverage amount meets the requirements in Determining Minimum Coverage Amounts in B-2-02, Property Insurance Requirements for Mortgage Loans Secured by a One- to Four-Unit Property. The following table outlines the actions that the servicer must take to determine whether the insurance […]

Safeco RightTrack®

Safeco RightTrack

RightTrack rewards Safeco policyholders for their safe driving habits. Customers receive an initial 10% discount upon enrollment that lasts through the review period. After just 90 days – half the time it takes to complete other carriers’ telematics programs – they receive a final discount of 5% to 30% that stays with them through the […]