Lender is requiring on the home owner insurance a 6 month loss.

2 Replies

My lender is requiring that there is a 6-month rider in the homeowners insurance in case the borrower can't pay. Is this regular practice is this a ripoff or junk fee?

@Eric Vermillion 

Eric thank you for answering my question. I didn't know this. Yes indeed biggerpockets is a great online community with many knowledgeable members that really helps each other. 

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