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Insurance
HomeForumsInsuranceInsurance Shortfall Coverage
Carey Dodson's profile image
Carey Dodson's profile image
Carey Dodson
Pro Member
  • Real Estate Investor
  • from Chelsea, Alabama
  • Member since Dec 2, 2013
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Carey Dodson's profile image
Carey Dodson's profile image
Carey Dodson
Pro Member
  • Real Estate Investor
  • from Chelsea, Alabama
  • Member since Dec 2, 2013
Connect
Carey Dodson
Pro Member
  • Real Estate Investor
  • Chelsea, AL
4
Votes |
32
Posts
Insurance

Insurance Shortfall Coverage

Carey Dodson
Pro Member
  • Real Estate Investor
  • Chelsea, AL
Posted Aug 13 2015, 05:51

Can a policy be purchased to insure lien holders on a property in cases where the home owners insurance only covers the current value of the property? This is a property that is upside down.   (The amount owed is more than the current value). I'm looking for a policy that will cover the shortfall.  If these policies exist, what are they called?

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