Can you use insurance money to pay off mortgage?
Can you use insurance money to pay off mortgage?
Can I use the insurance funds from a property damage claim to pay off my mortgage? Yes, if the claim amount exceeds the amount required to pay the mortgage in full.
Can you use homeowners insurance for something else?
You also risk not having future damage covered. If the unfixed damage causes more damage, your insurance company will deny future claims. However, any leftover money after the repair bills are paid can be used at your discretion unless specifically stated in your contract. Sep 9, 2021
Do you have to give your Social Security number to get life insurance?
Do you need a Social Security number for life insurance? Most insurance companies require a Social Security number to help verify your identity. If you don’t have a SSN, some companies may accept other forms of identification, such as an Individual Taxpayer Identification Number (ITIN).
