Recent content by mevans

Coverage is not the issue. The deductible amount is. You make a good point. I'll check my written agreement with them and see if it states that my deductible shall be 1% or $1,000 whichever is more. Thank you.

What I really want to know - is there law to support the lender being able to dictate the amount of the deductible? I know from past experience that lenders try and likely get away with requiring more coverage than is necessary to replace the home. For example, if your dwelling is worth...

What is the name of your state? NC I received a letter from my mortgage lender saying my deductible on my homeowner's insurance exceeds the maximum they allow? Is is legal for a mortgage lender to dictate what my deductible can be? Why am I not allowed to choose my own deductible? I chose a...