PMI insurance

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Posted: Thu Jan 28, 2010 9:01 pm Post subject: PMI insurance

If I pay Statefarm for homeowners insurance.. is this considered a "PMI insurance"? Or PMI insurance coverage that is given out by the actual mortgage lender? _________________ Register Now to have your Insurance queries solved.

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Posted: Sat Jan 30, 2010 12:44 pm Post subject:

Quote:

If I pay Statefarm for homeowners insurance.. is this considered a "PMI insurance"?

NO, statefarm would insured the dwelling, contents, some liability coverages, etc.

Quote:

Or PMI insurance coverage that is given out by the actual mortgage lender

You pay your PMI with your mortgage payment every month...to your lender...remember you can generally get that removed once your balance is 80% or less than the homes value.. Wink

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Lori

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Posted: Sat Jan 30, 2010 12:55 pm Post subject:

Hi guest PMI insurance is a safety measure your lender wants you to take for them. Homeowner's and PMI are different. For more information on PMI, you may read this _________________ AmPmInsure Blog