<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: Why Do Mortgage Companies Require Homeowners Insurance?</title>

	<atom:link href="https://insurancelibrary.com/home-insurance/why-do-mortgage-companies-require-homeowners-insurance/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/home-insurance/why-do-mortgage-companies-require-homeowners-insurance</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Drew Delaney, CLCS</title>

		<link>https://insurancelibrary.com/home-insurance/why-do-mortgage-companies-require-homeowners-insurance</link>

		<dc:creator>Drew Delaney, CLCS</dc:creator>

		<pubDate>Mon, 08 Jul 2013 17:23:19 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/home-insurance/why-do-mortgage-companies-require-homeowners-insurance</guid>


		<description><![CDATA[Mortgage companies require homeowners insurance because they have an interest in the home.  When you get a mortgage you are getting a secured loan, the security is in the form of collateral, which happens to be the house.  

If the house is destroyed so is the collateral that the loan is based upon.  A mortgagee will require that it be the loss payee on the home in the event it is destroyed.  

If the home is destroyed, the insurance company will pay out to the mortgagee, but you will be entitled to any payment that is above the outstanding loan.

I hope this helps.]]></description>

		

	</item>


</channel>

</rss>

