Welcome to our “It’s Not Covered” series. For a fuller introduction of the series, read HERE. We hope these quick reads help you increase your understanding of your insurance coverage, clear up confusion and avoid preventable losses!
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How to Insure Your “Subject to” Property
It is a commonly misunderstood challenge: clarifying the timeless issue of how to properly insure a “subject to” property.
The obvious dilemma is the “Due on Sale” (DOS) clause being invoked and the mortgage company calling the note.