msmith1199 wrote:
Dutch_12078 wrote:
Ask Progressive about an "Agreed Value" policy. You may need an appraisal though.
They have that, but under that policy you have to come to the agreed value within the first year of purchase. I've had it 10 years so now it has to go to underwriting to decide. If they don't let me drop it down to the loan value, then the next best thing is they will let me drop the purchase price coverage by 15% and that knocks about $185 off the insurance for the year.
Question from the peanut gallery:
When there's money owed on the moho, does the lender have to sign off on any insurance related changes?
