December 13, 2012
Insurance Company: Markel Corporation
Coverage Type: Homeowners Insurance
- Underwriting - Forced Placement
My insurance was cancelled until I could make a small repair. Since the insurance was cancelled my mortgage company did a forced insurance policy. I have two mortgages . Each one placed a policy. The first one placed enough on it to cover both . The second mortgage also placed a policy . Both policies of equal value. one policy was for 2413.26 second policy was at 4292.51. This resulted in a coverage of around 450,000. for a home valued at 150.000. I made several calls to try and get this reduced, to a fair amount of insurance for the amount owed. Since I could not get any help it forced me let the second mortgage go to for closer. Fair. I don't think so.
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