4 Comments to “How long should I carry homeowners insurance after foreclosure starts?”
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Stacy said:
On June 20th, 2008 at 1:01 am
Until some other entity assumes ownership.
flamered2003 said:
On June 22nd, 2008 at 8:53 am
until your name is off the mortgage. dont take that chance.
Sue said:
On June 23rd, 2008 at 8:32 am
You are responsible for all property damage & liability until the day the deed is changed to someone else’s name or the bank’s name. Then & only then should you cancel the homeowners insurance.
Be advised, there is probably a vacancy clause in the homeowners policy. The standard clause is 30 days after the house becomes vacant (unfurnished – one chair does not make a house furnished & no one living there), there is no longer an vandalism coverage.
nobrethequeen said:
On June 25th, 2008 at 6:59 am
call the bank where u have the mortgage & ask them this cuz they will tell u how long u have to have this insurance. i think that when u leave then u can let them know that date so u will be reimbursed so good luck.
On June 20th, 2008 at 1:01 am
Until some other entity assumes ownership.
On June 22nd, 2008 at 8:53 am
until your name is off the mortgage. dont take that chance.
On June 23rd, 2008 at 8:32 am
You are responsible for all property damage & liability until the day the deed is changed to someone else’s name or the bank’s name. Then & only then should you cancel the homeowners insurance.
Be advised, there is probably a vacancy clause in the homeowners policy. The standard clause is 30 days after the house becomes vacant (unfurnished – one chair does not make a house furnished & no one living there), there is no longer an vandalism coverage.
On June 25th, 2008 at 6:59 am
call the bank where u have the mortgage & ask them this cuz they will tell u how long u have to have this insurance. i think that when u leave then u can let them know that date so u will be reimbursed so good luck.