Re:Citibank may lock bank accounts for 45 days if breach sus...
by bbarnett on Wednesday September 07, 2022 @07:56AM
(#32749434)
This is actually the reason I'm insuring my house with the same company that holds my mortgage, so at least I don't have to pay the mortgage if they're wiped out in such an event.
I like this logic.
My only concern would be that, in many cases an insurer might have a clause to pay cash or rebuild, their choice. Or some other conflict which may cause issue with the mortgage holder (many mortgages can force sale in certain circumstances).
But I like your premise, and will poke at it here.
I like this logic.
My only concern would be that, in many cases an insurer might have a clause to pay cash or rebuild, their choice. Or some other conflict which may cause issue with the mortgage holder (many mortgages can force sale in certain circumstances).
But I like your premise, and will poke at it here.