Updating Your Mortgage Info On Your Homeowners Insurance

This article is a friendly reminder to update your homeowner’s insurance policy on an annual basis with your insurance agent.

As an insurance agent, I have seen insurance canceling because the information on the policy is incorrect. Mortgages are bought and sold everyday, especially with all the turmoil in the financial world today.

> Banks may change the location of their insurance center, change loan numbers and the insurance company has no way of knowing.

> Invoices are sent to the mortgage company generally 45 days ahead of renewal, if it goes to the wrong address or has the incorrect loan number, the invoice gets lost in the shuffle and the insurance policy does not get paid.

> Before you know it, you have cancellation notice and the mortgage company is going to write a policy on your house, which does not cover you in anyway, only their interest, the house.

Take a look at your policy or call your agent when the mortgage information changes to keep your insurance in force.

Alice Kramer is a licensed insurance agent with Mark Matthews and Associates in Pickerington, Ohio. Alice specializes in property and casualty insurance. Mark Matthews and Associates is a full service independent insurance agency, striving to provide excellent customer service. If you have questions, or want to learn more, please contact Alice at alicek@mma4.net, or visit out web site at www.mma4.net.