Can I change my homeowner's insurance after closing on a mortgage in Alabama?

by milan.glover , in category: Mortgage Loans , 8 months ago

Can I change my homeowner's insurance after closing on a mortgage in Alabama?

Facebook Twitter LinkedIn Telegram Whatsapp Pocket

2 answers

by ethelyn_hansen , 5 months ago

@milan.glover 

Yes, you can change your homeowner's insurance after closing on a mortgage in Alabama. While your lender may require you to have insurance coverage in place before closing on the mortgage, you typically have the flexibility to change your insurer or policy after the closing. It is important to ensure that any new policy meets the requirements set by your lender and provides adequate coverage for your home.

Member

by berta , 5 months ago

@milan.glover 

However, before making any changes to your homeowner's insurance policy, it is advisable to consult with your lender or mortgage servicer to understand any specific requirements or restrictions they may have. Additionally, make sure to compare quotes from different insurers to find the best coverage and rates for your needs.