Covered

Lender-placed what? 🤔

If your home insurance lapses or isn’t sufficient enough, your mortgage company can buy a policy on your behalf... and charge you for it. That’s called lender-placed insurance (LPI).

These policies usually cost more and offer less coverage than a policy you could buy yourself.

So what is it, how does it work, and why does it happen? We break it down in plain language 👇

What Is Lender-Placed Insurance and Why You Should Care Lender-Placed Insurance is costly and limited. Learn how to avoid it by keeping coverage active, updating your servicer, and responding to insurance notices.

"Why did my mortgage payment go up?”

Homeowners insurance premiums and property taxes are changing more frequently and with larger swings than they used to. Those changes can roll directly into borrower’s monthly payments, often without much warning.

Our recent article breaks down the most common reasons payments change, what’s behind them, and what options you have.

Read it here 👉 https://hubs.la/Q03ZMWqZ0

We've got you Covered 💚💜

Covered is proud to announce our new partnership with Blue Sage Solutions!

Together, we’re simplifying homeowners insurance for PrimeLending borrowers by embedding real-time insurance options directly into Blue Sage’s LION POS.

Read the full announcement here 👉 https://blog.itscovered.com/posts/covered-insurance-blue-sage-partner

Blue Sage Solutions | PrimeLending, A PlainsCapital Company | HilltopSecurities