Flood Insurance

[bluediamond]

I have flood insurance and recently had to file a claim. NFIP wants to pay mortgage company and I said I was never required to have flood insurance or was it part of the mortgage agreement (just wind and hazard). I also pay my flood insurance directly to NFIP. I know it's standard procedure for them to send if mortgage company requires insurance, but not if they do not.

So who is in the right here?

 

[jlanier]

If there is a mortgagee listed on the policy they MUST send the check to the mortgagee to counter-sign the payment. This lets the mortgage company know that there has been damage sustained at the residence. It is the same on homeowners insurance, at least in Tennessee.

 

[bluediamond]

Thank you. Nope no mortgagee listed on policy but now they want to add it after the fact.

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Thank you. Nope no mortgagee listed on policy but now they want to add it after the fact.

I would imagine NFIP is the same in Tn and in Fl since it's national.

 

[jessicakappor]

Ok if they wanted to add then let them do it, because it would become easy for you also.