Sentences with phrase «lack homeowners insurance coverage»

However, the more your house is worth the more you will pay out of pocket to rebuild it if it is destroyed and you lack homeowners insurance coverage.

Not exact matches

If the terms of a mortgage loan contract requires a borrower to purchase both a homeowners» insurance policy and a separate hazard insurance policy to insure against loss resulting from hazards not covered under the borrower's homeowners» insurance policy, a servicer must disclose whether it is the borrower's homeowners» insurance policy or the separate hazard insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).

For example, if you were to get sued for slander, your auto or homeowners insurance would probably lack liability coverage for that issue.

Many homeowners do not discover that their insurance lacked adequate coverage until after the twister has struck and the damage is done.