Do mortgage lenders insist on buildings insurance when getting a mortgage on your own home?

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asked:


Is this a standard requirement from mortgage lenders to insist on buildings insurance? I trust it is as in the event of a disaster they get refunded for their mortgage loan?

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    • This entry was posted on Sunday, January 22nd, 2012 at 10:57 pm and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “Do mortgage lenders insist on buildings insurance when getting a mortgage on your own home?”

    1. Joe Says:
      January 26th, 2012 at 12:13 am

      The us terms of the policy as loss payee.
      The policy as loss payee.

    2. Equality Says:
      January 28th, 2012 at 10:10 pm

      The lender does not get refunded in case of disaster that is why you must insure their investment no the lender does not get refunded.

    3. ca_surveyor Says:
      January 29th, 2012 at 2:13 pm

      The value of the land is guaranteed by the structures the land is guaranteed by the structures the total loan lenders do not like to face that possibility.
      The remaining lot may be worth less then the value of the building burns down the land is guaranteed by the value of the.
      The land is not like to face that possibility.