Updated over 8 years ago on .
HELOC & flood insurance? Balance is zero, insurance payout?
So I'm getting a HELOC through TD BANK. If the HELOC is for $100k, I keep the balance at $0, and the property floods, would the bank still be the one getting the check? technically I don't owe them any money at that point? your experiences? I'm just trying to navigate through this without getting screwed in the process...