Category: Homeowners Insurance

Force Placed Insurance: My Story

By admin, June 11, 2011 5:16 pm
Force Placed Insurance Policy 2

Force Placed Insurance: My Story   As a landlord in Florida, I maintain homeowner’s insurance on several residential investment properties (real estate rentals).  A little over a month ago, I received a letter from my homeowner’s insurance company threatening to cancel my homeowner’s insurance.  The homeowner’s insurance company, Southern Oak, said that one of the windows on ...

Force Placed Insurance Lawsuit: BNY

By admin, June 7, 2011 4:41 am
google Real estate

Force Placed Insurance Lawsuit: BNY google Real Estate News:  On May 26, 2011, the Knights of Columbus filed a "complaint" versus the Bank of New York Mellon.  The complaint was filed in the Supreme Court of the State of New York.  The Knights of Columbus filed a 29 paige complaint, and they seek an accounting of two trusts that hold ...

What Is Force Placed Insurance?

By admin, May 29, 2011 7:30 pm
Force Placed Insurance

 What Is Force Placed Insurance?   When you have a mortgage or loan on a home or commercial property, your lender requires that you maintain insurance on the property (underlying asset) for the entire term of the loan.  If you allow your insurance policy to expire, to be canceled, or lapse, your lender will “buy” you an ...