Buying a home in California is always a big investment. When you decide to purchase a home, you will need to make sure that you have insurance in place to protect it and you. While most people will have protection in place when they buy the home, the policy could lapse if you stop paying. If your home policy does lapse, a few different things could happen to you and your insurance.<\/p>\n
Loss of Coverage<\/strong><\/p>\n If your home insurance policy coverage lapses, the first thing that will likely happen is that you will lose your coverage. Home insurance for people in the Napa, CA area provides a lot of very valuable coverage including property damage coverage, liability protection, and personal asset coverage. If you stop making payments on your home insurance policy or if it matures, you could be found to have no coverage when you need it the most.<\/p>\n Force Pay by Lender<\/strong><\/p>\n If your home insurance policy lapses, there is a chance that your lender could force pay it for you. In most situations, your lender will require you to escrow your home insurance payments. However, if you fall behind on payments and there is no escrow, the lender will likely pay additional money out of its pocket to make sure your policy stays active as it will protect their collateral. You then will be charged a fee and your loan could be forced into default.<\/p>\n When you have more questions about home insurance, or would like to find a new policy, contacting the Wine Valley Insurance Services company could be beneficial. Wine Valley Insurance Services will be able to help Napa, CA area homeowners find a policy that works for them and also keeps them in full compliance with their loan. We also are happy to serve the insurance needs of those in Nevada, Oregon, Colorado, Arizona, Washington, and Idaho. Reach out to our offices for more information.<\/p>\n","protected":false},"excerpt":{"rendered":" Buying a home in California is always a big investment. When you decide to purchase a home, you will need to make sure that you have insurance in place to protect it and you. While most people will have protection in place when they buy the home, the policy could lapse if you stop paying. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,6],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-napa-ca","tag-wine-valley-insurance-services"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t