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Updated over 7 years ago on .

Joe P.'s profile image
Joe P.'s profile image
Joe P.
  • from Philadelphia, PA
  • Member since Jul 20, 2017

User Stats

824
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1,100
Votes
Joe P.'s profile image
Joe P.'s profile image
Joe P.
  • from Philadelphia, PA
  • Member since Jul 20, 2017
Joe P.
  • Philadelphia, PA
1,100
Votes |
824
Posts
Insurance

Change insurance policies/coverage after 1 year?

Joe P.
  • Philadelphia, PA
Posted

Hey all - I am getting a loan with a bank that requires a minimum amount of flood coverage ($250,000)


If after 1 year, I want to adjust this down to say, loan value only, is that a possibility? Does that trigger issues with the lender, or does it generally go unnoticed/without incident?

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