FAQs

What is lender-placed insurance?

Lender-placed insurance (sometimes referred to as force-placed insurance) is an insurance policy that is added to your mortgage if there is a lapse in insurance coverage protecting your home. This limited insurance typically comes with a higher cost and does not provide as much coverage as a policy you can obtain on your own. For example, it does not protect against losses to personal property. It is only used to fill any gaps in insurance and maintain the continuous coverage that is required by your home loan agreement. Our goal is to help you take action to avoid lender-placed insurance. Click here to learn more about lender-placed insurance.