FAQs

Where should I send my insurance bill?

If your insurance is escrowed, Pennymac must be identified in your insurance policy as the mortgagee. You will not need to send Pennymac your insurance bill as long as Pennymac is named on the policy. However, if you receive a delinquent insurance bill, provide the policy information on our website at www.mycoverageinfo.com/pennymac or email policy information to pennymac@mycoverageinfo.com.

If Pennymac does not escrow for payment of your insurance, you are responsible for payment of your premium directly to your agent/carrier. Failure to pay these premiums in a timely manner may result in Pennymac purchasing an insurance policy to protect our interest in the property (force-placed/lender-placed insurance), which will increase your monthly payment amount. Force-placed or lender-placed coverage may be more expensive than insurance you would purchase yourself and may not provide the same coverage. If you are not sure whether Pennymac collects escrow for payment of insurance premiums, please visit the Escrow section of this website.