Legal Question in Insurance Law in California

increase on homeowner insurance

countrywide mortgage is increasing my coverage for homeowners insurance to cover the cost of the loan not th e dwelling is that legal in california


Asked on 6/06/07, 5:14 pm

2 Answers from Attorneys
Jonathan Stein Law Offices of Jonathan G. Stein

Re: increase on homeowner insurance

What type of insurance is it? If it is mortgage insurance, that is fine. If it is homeowners insurance, then the value of the house should be covered.

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Answered on 6/12/07, 10:21 pm
Steven Murray Steven W. Murray, APC

Re: increase on homeowner insurance

The provisions of the loan document and/or the deed of trust probably require this, and if so, yes because you agreed to it. Read all of the fine print.

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Answered on 6/13/07, 1:46 pm


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