do you need mortgage insurance in case of fire? Mar 082010 what does mortgage insurance pay in case of fire Posted by jedwan at 2:20 am Add comments Mortgage Insurance case, Fire, insurance, mortgage, mortgage insurance, need 3 Responses to “do you need mortgage insurance in case of fire?” james_james03 says: March 8, 2010 at 3:01 am With every mortgage you should also apply for buildings insurance (which i think is compulsory). Optional contents insurance also advisable azuredreamz says: March 8, 2010 at 3:19 am no you will need homeowner’s insurance for a fire. pmi protects the lender not you. edit…..sorry not homeowner’s, rather business. mbrcatz17 says: March 8, 2010 at 4:15 am No. Mortgage insurance protects the lender only, in case of your death. Your building insurance should cover fire. Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
With every mortgage you should also apply for buildings insurance (which i think is compulsory).
Optional contents insurance also advisable
no you will need homeowner’s insurance for a fire. pmi protects the lender not you.
edit…..sorry not homeowner’s, rather business.
No. Mortgage insurance protects the lender only, in case of your death.
Your building insurance should cover fire.